05 November 2024, Mumbai
Operational efficiencies and premiumisation helped boost the consolidated net profit of leading shoemaker Bata India by 53 per cent to Rs 51.97 crore during Q2, FY25 as against Rs 33.99 crore reported by the company in Q2, FY24, as per regulatory filings.
During the quarter, Bata India’s revenue from operations increased by 2.2 per cent to Rs 837.14 crore. Its expenses rose by 5 per cent Y-o-Y to Rs 784.55 crore while total income expanded by 2.36 per cent to Rs 854.32 crore.
Gunjan Shah, Managing Director and CEO, says, the brand witnessed certain recovery in its growth trajectory across the country despite facing continuous market headwinds and subdued consumption.
The company is currently seeing a strong validation of its premiumisation strategy across channels, with premium products showing robust growth and increased contribution to its revenue mix, adds Shah.
By the end of this quarter, Bata India also expanded its store network by launching four EBOs for Power, 136 EBOs for Hush Puppies, 14 Kiosk for Floatz. The brand’s expansion through franchise stores in Tier III-V markets, combined with its robust digital presence, helps the brand tap into new growth opportunities with strengthened omni-channel approach, adds Shah.
