Bata posts Q2 benefit soar of 52.9% at Rs 51.98 crore regardless of subdued intake, premiumisation technique at play – Trade Information

Bata India Limited reported its fiscal second quarter earnings report with profit at Rs 51.98 crore, registering a growth of 52.9 per cent in comparison to Rs 33.99 crore during the corresponding quarter of FY24. It posted revenue from operations at Rs 837.14 crore, up 2.2 per cent as against Rs 819.12 crore during the same period of previous financial year. The company EBITDA stood at Rs 174.5 crore, down 4 per cent on-year. 

In a statement, Bata India said, “The EBITDA profit stability showcased the company’s resilience in managing operational efficiencies. 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 premiumization, positioning Bata strongly for future growth.”

Bata India continued its expansion drive during the quarter taking its distribution network to 1955 (COCO and Franchise) stores. Further,  48 stores were renovated during the year, elevating customer experience with style and technology propositions. The company also executed the portfolio casualisation strategy with implementation of Sneaker Studio in 756 stores. 

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Gunjan Shah, MD and CEO, Bata India Limited, said, “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. 

He further added, “Our expansion through franchise stores in Tier 3-5 markets, combined with our robust digital presence, is helping us tap into new growth opportunities with strengthened omni-channel approach. Our conscious efforts on Franchise model expansion are showing good results. Cost efficiency remains a cornerstone across all operations including manufacturing facilities. We continue to maintain a balanced approach between managing near-term challenges and investing in long-term growth drivers. We are optimistic about consumption recovery in the coming quarters, backed by festive season momentum and our strong market positioning.”