Thursday, December 1, 2022
Google search engine
HomeMarketStocksBata India Q2 Results: Profit rises 47% YoY to Rs 55 crore

Bata India Q2 Results: Profit rises 47% YoY to Rs 55 crore

Main shoemaker on Thursday reported a 47.44 per cent rise in consolidated internet revenue at Rs 54.82 crore within the second quarter ended September 2022, helped by elevated footfalls at shops. The corporate had posted a internet revenue of Rs 37.18 crore within the July-September quarter a yr in the past, mentioned in a BSE submitting.

Its revenue from operations through the quarter below evaluate was at Rs 829.75 crore, up over 35.11 per cent from Rs 614.12 crore of the corresponding quarter of FY22.

India’s whole bills within the September quarter have been at Rs 769.56 crore, up 33.73 per cent.

“Regardless of robust working setting and important materials inflation, the corporate managed to drive broad quantity pushed income growths throughout enterprise channels of retail/franchise/distribution/e-comm,” mentioned Bata India in its earnings assertion.

Within the September quarter, Bata’s distribution channel continued to scale as much as over 1,100 cities.

Its digital enterprise additionally achieved its “highest income” of Rs 95 crore through the quarter contributing 11 per cent of whole gross sales.

Bata India MD and CEO Gunjan Shah mentioned the festivity across the nook and constructive buyer sentiments mirrored in elevated footfalls.

“Our continued enchancment in buyer expertise and engagement has mirrored in ever highest internet promoter rating,” he mentioned.

Sneakers continued to guide the momentum and progress throughout companies, mentioned Shah.

Nevertheless, he additionally added that within the mass classes, there was sluggishness as a result of inflationary stress.

“Additional, the administration is protecting an in depth watch on the pricing tendencies to make sure well timed corrective actions,” he mentioned.

Share of Bata India on Thursday settled at Rs 1,779.20 on BSE, down 1.77 per cent from earlier shut.

Source link

- Advertisment -
Google search engine

Most Popular

Recent Comments