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 had reported sales of Rs 674 crore in the quarter ended December 2017.