Footwear major Bata India today reported a 52.31 per cent decline in net profit at Rs 27.86 crore for the fourth quarter ended March.
The company had posted a net profit of Rs 58.43 crore during the January-March period a year ago.
Its total income was also down 9.81 per cent to Rs 500.61 crore during the quarter under review as against Rs 555.08 crore of the corresponding quarter of the last fiscal, Bata India said in a BSE filing.
Meanwhile, in a separate filing, Bata informed that its board in a meeting today has recommended a final dividend of Rs 3.5 per share on an equity share of par value of Rs 5 for the year ended March 31, 2016.
Shares of Bata today today settled 2.07 per cent higher at Rs 568.60 on BSE.
