Bata India’s Q2 Profit Up 53% To Rs 52 Cr
The revenue from operations of the company registered a 2.20 per cent increase to Rs 837.14 crore during the recently concluded quarter (Q2FY25)
Driven by investments in product innovation and brand premiumisation, Bata India, a footwear major, has reported a consolidated net profit (profit after tax or Pat) of Rs 51.97 crore for the second quarter of the current financial year (Q2FY25), witnessing a 53 per cent year-on-year (YoY) rise. The company posted a net profit of Rs 33.99 crore during the same quarter in the previous financial year, as per the company's regulatory filing.
According to the consolidated unaudited financial results for the quarter, the revenue from operations of the company registered a 2.20 per cent increase to Rs 837.14 crore during Q2Y25, as compared to Rs 819.11 crore during Q2FY24. The revenue from operations during the quarter ended 30 June 2024 stood at Rs 944.63 crore.
“The results for the quarter reflect continued momentum in the transformation journey, driven by strategic investments in product innovation, elevated customer experience, technology integration and brand premiumisation, positioning Bata strongly for future growth,” the company said in a statement.
The total income of the company which also includes other income registered an uptick of 2.36 per cent to Rs 854.32 crore, while the total expenses of the company also reported a rise of 5 per cent YoY to Rs 784.55 crore in Q2FY25.
“Despite continuing market headwinds and subdued consumption, we saw some recovery in our growth trajectory through the quarter backed by focused execution of strategic initiatives. We are seeing strong validation of our premiumisation strategy across channels, with premium products showing robust growth and increased contribution to our revenue mix. Our Brand stories connected well with targeted audience,” stated Gunjan Shah, Managing Director (MD) and Chief Executive Officer (CEO) of Bata India.
As per the company, the earnings before interest, tax, depreciation and amortisation (EBITDA) profit stability showcased the company’s resilience in managing operational efficiency. Bata India continued its retail expansion and it had 1,955 stores across the country, both COCO and franchise partner operating stores by the end of the quarter.
On the outlook front, Bata India has continued to maintain a balanced approach between managing near-term challenges and investing in long-term growth drivers.
