Bata India slides 7% as net profit tanks 78% YoY in December quarter

Bata India should be able to revive its revenue growth trajectory as and when the impact of the Covid-19 is phased out, say analysts

Shares of Bata India skid 7 per cent to Rs 1,462 in the intra-day trade on the BSE on Thuraday on weak earnings show in the December quarter. With today's fall, the stock is trading 21 per cent lower from its 52-week high level of Rs 1,839 touched on February 12, 2020.

On the operational front, the company reported a revenue de-growth of 26 per cent year on year (YoY) to Rs 614.70 crore for the quarter under review. Earnings before interest, taxes, depreciation, and amortization (EBITDA), on the other hand, declined 55 per cent YoY to Rs 117 crore while