Omni channel expansion to support Bata India's growth recovery

Well placed vis-a-vis competition given healthy balance sheet

Despite the muted show in the March quarter, the Bata India stock gained about 5 per cent in trade on growth expectations led by distribution expansion, omnichannel strategy and new launches. 

This could mark a reversal for the stock which has been lagging its peers since the start of the year on the back of weaker revenue growth and sub-par cost reduction efforts for 9MFY21. 

Further, the street was skeptical about its pricing-led revenue growth strategy over the medium term and its ability to maintain margins. In this context, premium valuations too were difficult to justify which led to the