Representative Image Terming “sluggish consumption” as “temporary”, leading shoemaker Bata expects a revival in coming quarters, helped by festive season demand and retail expansion, according to its India Managing Director and CEO Gunjan Shah. The company expects e-commerce, which is now a “profitable” and “viable” business, to be its growth driver as it has been…
Footwear major Bata India Limited is in talks with quick commerce companies to boost sales that have been flattish for the last few quarters amid the challenging environment. The company is in talks with two quick commerce companies to keep inventory at their dark store and offer 10 minutes delivery of items in demand. “The…
Kolkata: Bata India is set to expand its footprint and increase same-store sales growth by prioritising its “top six brands.” In its latest annual report, Bata management said it aims to also expand the presence of its successful Floatz brand across more stores with a fresh range, while also leveraging the momentum from the successful…
The local subsidiary of Swiss-headquartered shoemaker Bata has appointed Meeru Gupta as general counsel and head of legal. An alumnus of Delhi University, Gupta had served previously as Varun Beverages – RJ Corporation, where she led the legal practice, formulated litigation strategies and managed cross-border acquisitions. Over two decades veteran Gupta started her career with…
New Delhi: Leading shoemaker Bata India Ltd on Wednesday reported a 3.02 per cent decline in consolidated net profit to Rs 63.64 crore for the fourth quarter ended March 2024. It had posted a net profit of Rs 65.62 crore in the January-March period a year ago, according to a regulatory filing from Bata India….
(Representative image) New Delhi: Footwear firm Bata India Ltd reported a 31.04% fall in their net profit, and a 0.7% rise in the total income during the third quarter ended December. This was driven by premium categories amid muted demands. Net profit fell from Rs 83.11 crore in the last year to Rs 57.31 crore…
Bata India reported a 38% fall in second-quarter profit on Wednesday, hurt by a one-time charge and as inflationary pressures kept footfalls at its shoe outlets in check. The footwear maker said its consolidated profit fell to 339.9 million rupees ($4.1 million) in the July-September quarter, from 548.2 million rupees in the year-ago quarter. The…
New Delhi: Relaxo Footwears on Wednesday has reported a jump of 97 per cent in its profit after tax (PAT) of Rs 44.19 crore in the second quarter ended September 2023 as against the PAT of Rs 22.40 crore in the same period of the last fiscal, it said in a regulatory filing. The company’s…
Representative Image With Indian consumers continuing to go slow on discretionary spending amid sticky inflation, companies across segments in the country are reporting tepid numbers. Lukewarm demand trends have become the norm for businesses ranging from fashion retailers to quick service restaurant (QSR), ToI reported on August 17. The demand situation is posing a challenge,…
Bata India is in talks with Adidas for a strategic partnership that could likely boost the German sportswear maker’s presence in the south Asian country, CNBC-TV18 reported on Thursday. Bata India’s shares ended 5.3% higher, logging their best day since April 2020. Shares rose as much as 7.3% earlier in the session. Adidas was up…
