Bata India net profit rise 17.60%

Turnover of company grew by 13.7% to Rs 572.13 crore in Q2 of 2013

Bata India reported 17.60% rise in net profit to Rs 61.94 crores in Q2 of 2013 over the corresponding period last year. The turnover of the company grew by 13.7% to Rs 572.13 crore in Q2 of 2013, as compared to Rs 503.33 crores for the same period 2012.

Bata India will be opening approximately 100 new format stores this year, according to a press release by the company.

 It has been a good year and as we continue to see stronger growth with greater opportunities. We expect to benefit from our aggressive retail expansion, newer designs and newer product ranges in the future,” said Rajeev Gopalakrishnan , Group Managing Director, Bata India Limited.