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Bata India jumps 5%, hits 52-week high on narrowing net loss in Q1

The firm's operating revenue grew 98 per cent to Rs 267 crore on a low base of Rs 135 crore that it has reported in the year-ago period

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SI Reporter New Delhi
Shares of Bata India soared 5 per cent to its fresh 52-week high of Rs 1754.80 on the BSE in intra-day session on Thursday following the footwear maker's June quarter results. Bata India on Wednesday, post-market hours, reported a narrowing of loss to Rs 69.5 crore in the April-June quarter (Q1) compared with Rs 101 crore net loss in the corresponding quarter last year. 

The firm’s operating revenue grew 98 per cent to Rs 267 crore on a low base of Rs 135 crore that it has reported in the year-ago period. However, Bata’s toppling and bottomline suffered significantly when compared