Bata India news and archive

Bata India's Q4 profits up 69 per cent

Bata India’s fourth quarter profit increased 69.47 per cent. The company delivered a good profit performance on the back of conscious efforts taken towards cost and expense control that contributed extensively in increasing the profit margin. Revenue was up 7.44 per cent. But revenue was tempered down by a below expectations performance by the...

Business

Bata India Q3 net sales up 16 per cent, profits up 51 per cent

Bata’s net sales increased 16 per cent in Q3. Profits went up 51 per cent to Rs 108 crore (15.3 million dollars) during the quarter as against Rs 68 crore in the corresponding quarter last fiscal. The company’s revenue also rose 16 per cent to Rs 779 crore riding on robust festive sales coupled with expansion of its new red-concept stores. It...

Business

Bata India’s margins being affected by e-commerce

The e-commerce market has majorly affected Bata India’s sales. In recent past, online sale of shoes has gone up, impacting the revenues of Bata India. Its net profit margin has declined by about 600 basis points (bps) since 2011. The main reason for this are subdued consumer interest and lack of investments in brand building. What further...

Business

Bata sees 15 per cent growth in Q3

Bata India has seen an increase of 27.53 per cent in net profit at Rs 44.56 crores for the third quarter ended December 31, 2015-16. During the same period last year, the company had posted a net profit of Rs 34.94 crored. The company’s net sales have gone up to Rs 617.22 crores for the third quarter, up by 15 per cent as compared to Rs 536.72...

Business

Bata Q2 net profit up 38.74 percent

Footwear major Bata India has reported a 38.74 percent rise in net profit at Rs 54.11 crores for the second quarter ended September 30, 2015. The company had posted a net profit of Rs 39 crores during the same period of previous fiscal. Net sales increased to Rs 575.15 crores for the quarter compared with Rs 547.64 crores during the same period...

Retail

Way Finders Brands to manage Bata’s wholesale and B2B biz

Bata India is focusing on reviving its business model amid stiff competition from home-grown footwear labels, new global entrants and ecommerce. As part of its evolving marketing strategy, the company to strengthen its wholesale and business-to-business (B2B) segment has formed a new wholly-owned subsidiary - Way Finders Brands. Way Finders...

People

Bata promotes Ram Kumar Gupta as Director-Finance

Footwear company Bata India has elevated Ram Kumar Gupta as its Director-Finance and Chief Financial Officer, for a period of five years. Gupta's appointment would be subject to shareholder’s approval at its general meeting, Bata said in a BSE filing. Gupta's appointment comes after Ranjit Mathur resigned from the post of CFO and...

Business

Bata reports profit rise in Q1, to focus on ecommerce for growth

Footwear major Bata India, which has reportedly been facing tough competition from physical as well as online footwear players, managed to report a 55.2 percent rise in net profit at Rs 92.2 crores for the first quarter ended June 30. The company had posted a net profit of Rs 59.4 crores during the same period of the previous fiscal. Net sales...

Retail

Relaxo wins trademark fight against Bata

Relaxo Footwears has reached a settlement with its competitor Bata India over the use of trademark 'SPARX'. The fight for the trademark ended in favour of Relaxo Footwears. “The company has executed a deed of settlement with Bata India for assignment of trademark 'SPARX' in favour of Relaxo Footwears,” the company said in a BSE filing. It...

Retail

Bata India to expand retail footprint through franchises

Bata India is looking forward to grow its store network across the country trough franchises over the next five years. The aim is to reach out to customers across the country amid tough competition from home-grown and global footwear brands. Currently, the brand is present in about 500 cities of India and operates 1,450 company-owned and 40...

Business

Rising competition pushes Bata’s market share to six percent

Once the leader of footwear market India, Czech brand Bata, which is still looked at as an Indian company is gradually losing grounds due to stiff competition from homegrown footwear companies. Bata India’s market share has slipped to almost six percent as it struggles to deal with declining revenues and profits. For the quarter ended March...

Business

Bata's long-term growth startegy attracts analysts’ attention

Bata India had reported a decline in its Q3 of 2014-15 revenue by 3 percent owing to delay in dispatch of inventory to some of its stores due to issues with its new supply chain management system, at the same time the also went ahead with its retail expansion strategy adding 50 new stores during the quarter, which also led to rise in rental...