Bata India Q4 standalone net up 45% at Rs 52 cr

Footwear major Bata India today reported 44.9 per cent increase in standalone net profit to Rs 52.08 crore for the fourth quarter ended March 31, 2017-18.

It had posted standalone net profit of Rs 35.94 crore in the January-March quarter of the preceding fiscal, Bata India said in a BSE filing.

The company's revenue from operations during the quarter under review stood at Rs 632.31 crore. It was Rs 598.01 crore in the year-ago period.

After the implementation of GST in July 1 last year, revenue from operations is reported net of GST. Accordingly, the two figures are not comparable.

For the year 2017-18, net profit was at Rs 223.58 crore as against Rs 158.75 crore in the previous fiscal, the company added.

Revenue from operations for last fiscal stood at Rs 2,636.32 crore. It was at Rs 2,497.24 crore in 2016-17.

The board of directors have recommended a dividend of Rs 4 per share (80 per cent on an equity share of face value of Rs 5 each) for the year ended March, 31 2018, the company said.

Bata India CEO Sandeep Kataria said, "Our smart pricing strategy and operational cost efficiencies, helped ensure better returns for our stakeholders.