Bata India Q2 net down 4.14% at Rs 59.37 crore

Footwear firm Bata India today reported 4.14 per cent decline in standalone net profit at Rs 59.37 crore for the second quarter ended June 30, 2014.
The company had reported a net profit of Rs 61.94 crore in the same period last year, Bata said in a BSE filing.
Bata's net sales went up by 8.64 per cent to Rs 621.58 crore for the quarter under review as against Rs 572.13 crore in the corresponding period a year ago.
Commenting on the results, Bata India's Group managing director Rajeev Gopalakrishnan said: "The aggressive retail expansion and renovation of stores, aspirational designs and addition of a wider range of accessories like bags, sunglasses, belts to our product portfolio, the expectation is to increase this growth momentum on the back of increase in consumer confidence level as we move through the year."

Bata India said it will be open over 100 new stores this year.
Shares of Bata India closed at Rs 1253.20 apiece at the end of the day's trade, up 0.62 per cent from its previous close on BSE.