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 increased to Rs 680.4 crores against Rs 622 crores during the same period of previous fiscal, Bata India said in a BSE filing.