Business Standard

Bata India expands footprint but performs below expectations in Q1

Footwear manufacturer trails peers on 3-year growth parameter

bata store, shoes, footwear, sandals
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Photo: Sanjay K Sharma

Ram Prasad Sahu
The April-June quarter (first quarter, or Q1) of 2022-23 (FY23) performance of footwear major Bata India was below expectations.

While the sales trajectory over a three-year period was weaker than key peers, its operational performance, too, disappointed the Street.

Some brokerages have cut their operating and net profit estimates 5-10 per cent for FY23 and 2023-24 after Q1 performance.
Although the company has outlined multiple initiatives on various segments, product, and distribution, the Street will await results of the same.

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First Published: Aug 26 2022 | 6:00 AM IST

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