During the quarter, its cost of materials consumed jumped 189 times to Rs 33.2 crore but a deduction due to its inventory positions, kept losses in control.
This is part of the firm's efforts to save cash through enhanced productivity, cost-reduction and tight inventory management
The recent optimism at the bourses stems from the hope that consumers will resort to 'revenge buying' once the lockdown condition is lifted following the second wave of Covid infections receding
Well placed vis-a-vis competition given healthy balance sheet
Bata India's gross margins witnessed an improvement of around 160 basis points (bps) quarter-on-quarter (QoQ) to 53.1 per cent, indicating green shoots in formal and fashion footwear demand
The board of MMTC has approved the debt restructuring scheme of the state-owned company which envisages settlement of dues out of the disinvestment proceeds of the Neelachal Ispat Nigam Limited (NINL)
Revenue from operations was down to Rs 589.90 crore during the quarter under review from Rs 620.57 crore in the corresponding quarter of 2019-20
Reserve Bank of India granted approval for the re-appointment of Chandra Shekhar Ghosh, Managing Director & Chief Executive Officer of Bandhan Bank for a period of three years
Shah takes over next month; Sandeep Kataria, Bata India's current CEO, has been elevated to the position of global CEO
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
Experts say that Kataria's exposure with MNCs such as Unilever, Yum Brands and Vodafone have stood him in good stead, shaping his outlook and professional life
From FMCG majors to IT titans, Sanjiv Kataria joins the league of Indian-origin executives who have climbed the highest echelons of corporates across diverse sectors globally.
He takes over from Alexis Nasard, who is stepping down after almost five years in the role
Bata India has been trading in a range for the last seven months, after a sharp slide from its record high.
Is it a good time to buy footwear-related stocks as the economy opens up more and people prepare to head back to offices? Here's how they look on the technical charts
Analysts believe Bata's margin and earnings growth would see relatively more pressure than players like Relaxo Footwears
Focus on casual footwear, taking brand to consumers among key measures
Footwear major Bata India is planning to open around 100 outlets during this financial year despite the Covid-19 outbreak, an official said on Wednesday
As of March, the company had 9,762 employees across functions and locations, of which 4000-4500 are on third-party contract, he said
Bata India's stock is on the verge of a breakout from a downward sloping trend line