Page 6 - Bata India

Bata India profit rise nearly three folds at Rs 72 cr in December quarter

Bata India on Tuesday reported nearly three-fold increase in consolidated net profit at Rs 72.32 crore for December quarter 2021-22. The company had posted a net profit of Rs 26.41 crore in the year-ago period, Bata India said in a BSE filing. Revenue from operations was up at Rs 841.30 crore during the quarter under review as against Rs 615.62 crore. "Backed by improved sales during the festive season and re-opening of economy, revenue from operations for the quarter stood at Rs 841.3 crore and profit before tax was Rs 97.27 crore," said Bata India a post earning statement. Total expenses were at Rs 757.54 crore as against Rs 588.10 crore in the year-ago period. "In this quarter, we saw significant improvement in customer sentiment. Additionally, we kept expanding our reach through new franchise stores & multi-brand outlets," Bata India MD and CEO Gunjan Shah said. During the quarter, Bata India opened 34 new franchise stores, expanded availability via a distribution channel tha

Bajaj Consumer, Bata show reversal on charts; buy and hold: Vaishali Parekh

After the correction, the stock of Bata India has taken support near the trendline support zone of 1,850 and has indicated a reversal to bottom out

Bata India to bet on franchise model for expansion in near future

Bata, while announcing its results for Q2FY22, said that it continued with its retail expansion drive in tier 3-5 cities through franchise route, taking the overall tally to 270+ as on date

Bata India reports consolidated net profit of Rs 37 crore for Sept quarter

Bata India on Wednesday reported a consolidated net profit helped by an increase in sales

Stocks to Watch: SBI, Airtel, SpiceJet, Trent, Mtar, Pfizer, HPCL, Bata

SBI and other banking shares, along with stocks of companies to report earnings today will be in focus

Bata India at record high, up 4% on institutional buying, revival hopes

Domestic investors have hiked stake in the company by 243 basis points (bps) to 17.88 per cent, while foreign shareholding increased marginally to 5.35 per cent at the end of June 2021 quarter

HUL to Relaxo Footwears: Analysts upbeat on consumption-related stocks

Changes in the income-tax, likely good monsoon and the on-going above normal Rabi acreage along with higher MSPs are the key triggers analysts are betting on for the consumption revival

Bata expects 30% stores to be run on franchise model in about 4 years

Leading shoemaker Bata India Ltd is working on portfolio changes towards casuals and sneakers as part of its business growth plans and channel expansion through franchise, its CEO Gunjan Shah said.

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

Stocks to watch: Hero Moto, Tata Steel, Essar Shipping, Bajaj Finserv, Bata

State-owned Power Grid Corporation of India board has decided to infuse fresh equity up to Rs 425 crore in Energy Efficiency Services

Bata India reports Rs 69 crore net loss for Q1; revenue rises 98%

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.

Bata India to focus on expansion in small towns, online channels

This is part of the firm's efforts to save cash through enhanced productivity, cost-reduction and tight inventory management

Consumer discretionary index hits all-time high; analysts see more upside

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

Omni channel expansion to support Bata India's growth recovery

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

Bata India surges 6%, nears 52-week high post March quarter results

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

Stocks to watch: Tata Motors, Bata India, SAIL, MMTC, Reliance Power

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)

Bata India Q4 net falls 23%, announces dividend of Rs 4 per share

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

Stocks to watch: GAIL, Bata India, Prestige Estates, Tata Motors, Glenmark

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

Bata India appoints ex-Britannia exec Gunjan Shah as country CEO

Shah takes over next month; Sandeep Kataria, Bata India's current CEO, has been elevated to the position of global CEO

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