Footwear major Bata India on Wednesday reported a 29.96 per cent increase in consolidated net profit to Rs 71.30 crore for the September quarter.
It had posted a net profit of Rs 54.86 crore in the July-September quarter a year ago, Bata India said in a BSE filing.
Revenue from operations during the quarter under review rose 7.26 per cent to Rs 721.96 crore as against Rs 673.07 crore in the year-ago quarter.
"While the market slowed down this year, Bata India continues to sustain its leadership in the retail sector with 7.3 per cent increase in the turnover and 28.2 per cent in profit over the previous quarter. Our momentum is driven on the back of continuous investment done over the past few years in areas of product-innovation, store renovation, customer experience and marketing," Bata India CEO Sandeep Kataria said.
Bata's total expenses stood at Rs 642.26 crore during the period as against Rs 602.88 crore, up 6.53 per cent.
Shares of Bata India on Wednesday settled at Rs 1,683.85 on the BSE, down 1.19 per cent.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app