Bata India Q4 net up 31% at Rs 45 cr

Footwear retailer Bata India today said its net profit rose by 30.99% to Rs 45.05 crore for the fourth quarter ended December 31, 2011, over the same period previous year.

The company had posted a net profit of Rs 34.39 crore in the same period previous year.

Net sales of the company rose to Rs 430.93 crore for the fourth quarter ended December 31, 2011, as compared to Rs 355.85 crore in the same period previous year, Bata India said in a statement.

For the year ended December 31, 2011, the company posted a net profit of Rs 225.83 crore, against Rs 95.35 crore in 2010.

The company's board, which met today, also recommended a final dividend of Rs 6 per share (60%) for the year ended December 31, 2011.

The company said it opened 146 new stores in 2011.

"These new stores are based on the new large format and are are above 3,000 sq ft and are spread across metros tier I and Tier-II cities," the company said.

The company said it plans to add around 100 new stores during the current year.

Shares of Bata today closed at Rs 701.10 on the BSE, down 1.41% from previous close.