Page 9 - Bata India

Bata India shifts gears to rural market

Plans to roll out a franchisee model for expanding footprints in tier III and tier IV cities

Ramping up existing biz priority for Bata, not store opening

Bata India would promote expansion of stores in franchisee model which was experimented with 30 stores in some states

Bata India shares slump 6% on flat Q1 profit

At NSE, shares of the company plunged 5.92 per cent to Rs 520.35

Bata India Q1 profit flat at Rs 50.49 crore

The shares of company settled at Rs 553.20 on BSE, down 4.60% from the previous close

E-commerce squeezes Bata India's margin

According to the report, Bata has lost out to foreign footwear brands as they "continue to reap benefits of disintermediation"