Bata India Ltd. Results

Q2FY25 Quarterly Result Announced for Bata India Ltd.

Footwear company Bata India announced Q2FY25 results Financial Highlights: Revenue from operations for the Q2FY25 stood at Rs 8,371 million, compared to Rs 8,191 million in Q2FY24. Operating Profit was reported at Rs 524 million. Other Highlights: Continued expansion with a network of 1955 (COCO and Franchise) stores. 48 stores renovated in this year, elevating customer experience with style and technology propositions. Successful execution of portfolio casualization strategy – Sneaker Studio implemented in 756 stores. Net Promoter Score (NPS) improved to 80. 4 Exclusive Brand Outlets (EBOs) for Power, 136 EBOs for Hush Puppies, 14 Kiosk for Floatz. Launched limited-edition collections through strategic collaborations, including Bata Red Label x Emily in Paris and Hush Puppies x Peanuts. Ahead of the festive season, launched Pujo Glam Collection. Unveiled global campaign ‘Stronger Inside’ for Power and launched Energy Collection, democratising fitness at accessible prices. Gunjan Shah, MD and CEO, Bata India, 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. Our Brand stories connected well with the targeted audience. 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 a strengthened omnichannel 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.”

Q1FY25 Quarterly Result Announced for Bata India Ltd.

Footwear company Bata India announced Q1FY25 results: Financial Highlights: Revenue from operations for the quarter stood at Rs 9,446 million vs. Rs 9,581 million for Q1FY24. The Net Profit stood at Rs 1,744 million. The results for the quarter demonstrate disciplined execution of our strategies on premiumisation, investment in marketing and technology, elevating customer experience, by maintaining Gross Margins in the face of sluggish consumption momentum during the quarter. Bata also had a one-time gain on sale of property of Rs 1,340 million. The results for the quarter also incorporate a one-time expenditure of Rs 147 million in aggregate towards investments in technology. Bata has also announced an interim dividend of Rs 10 per share, amounting to Rs 1,285.28 million. Business Highlights: Continued expansion with a network of 1,916 (COCO and Franchise) stores. E-commerce performance was encouraging. Bata achieved significant growth in digital sales over the previous quarter. Portfolio casualisation strategy continues to work well, with Sneaker category led by Power. Sneaker Studios and Floatz Kiosk expanded. 37 stores were renovated during the quarter with significant thrust towards portfolio newness with style & technology propositions. Launched an industry first promo for trying on shoes - “Try and Fly” campaign to draw footfalls Speaking on the Q1FY25 performance, Gunjan Shah, MD and CEO - Bata India, stated: “Bata India navigated well through the slugging consumption environment further accentuated due to the elections and extreme heat wave in the last quarter. We sustained our gross margin with our premiumisation strategy while continuing investments in marketing and technology platforms. We added 33 Franchise Stores in the quarter, primarily in Tier 3 – 5 towns to cater the demand for branded products and achieve better returns on capital. Bata also launched its 2nd Power EBO in Delhi. Along with cautious control on costs and focus on efficiency and productivity, we continued to manage our inventory while having strong instore availability of fresh merchandise in anticipation of festive season driven consumption uptick.

Q4FY24 Quarterly & FY24 Annual Result Announced for Bata India Ltd.

Footwear company Bata India announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Revenue from operations for the quarter stood at Rs 7,976.74 million vs. Rs 7,785.85 million for Q4FY23. The Operating Profit stood at Rs 582.65 million. The results for the quarter are a factor of resilience despite sluggish demand conditions to drive growth in a sustainable manner with strong margin performance. FY24 Financial Highlights: Revenue from operations for the year stood at Rs 34,784.13 million vs. Rs 34,515.68 million for FY23. The Operating Profit stood at Rs 3,280.59 million for the year vs. Rs 3,882.79 million for FY23. With a positive outlook and to accelerate growth, significant investments behind brand and technology are continued. Other Highlights: Continued expansion with a network of 1,329 COCO and Franchise stores. On digital sales front, e-commerce performance was encouraging. Bata achieved significant growth in e-commerce sales for previous year. The portfolio casualisation strategy continued to work well, with Sneaker category led by Power. Sneaker Studios expanded to 698 Stores. Floatz achieved highest ever quarterly turnover, enhanced by 11 Floatz Kiosk. Bata also launched its 1st Power EBO launched in Noida. Another 5 to be opened shortly. To enhance customer experience, Bata continued to renovate stores. 67 stores were renovated during the quarter with significant thrust towards portfolio newness with style & technology propositions. Major campaigns were launched building style & fashion forward Imagery through Marketing Campaigns - 10/10 Campaign and Engaging Youth with Always-On Influencers. Bata continued to leverage its fixed cost across the value chain. ERP has gone live as per plan. Speaking on the Q4FY24 performance, Gunjan Shah, MD and CEO - Bata India Limited, stated: “Bata India navigated well through the unforeseen sluggishness in the market driving towards sustainable growth led by brands backed by significant investments in marketing and technology. Our strategies helped us defending margins. With cautious control on costs and focus on efficiency and productivity, we were able to defend our margin growth across channels and maintain our standing in premium segments across brands like Red Label, Comfit, Power. We added 24 Franchise Stores in the quarter, primarily in Tier 3 – 5 towns to cater the demand for branded products and achieve better returns on capital. We are further bolstering our offering with international tie-ups, such as Hush Puppies and Nine West which saw a significant higher ASP driving premiumization. We are optimistic of demand revival going forward.”

Q3FY24 Quarterly Result Announced for Bata India Ltd.

Footwear company Bata India announced Q3FY24 results: Revenue from operations for the quarter stood at Rs 9,035 million vs. Rs 9,002 million (Q3FY23), growth driven by premium categories, despite muted demand. Gross Profit expanded by 119 bps for the quarter ended December 31, 2023 Network expansion – 54 net new stores, Franchise & COCO expansion. 36 stores were renovated during the quarter to provide an elevated brand experience. Successful execution of portfolio casualization strategy – Sneaker Studio implemented in 655 Stores. Floatz business continues to do exceptionally well with growth of 65%, enhanced by the Floatz banner in 7 new stores. Robust Ecom performance driving the growth. Launched “Every Walk is a Ramp Walk” campaign enhancing Brand metrics significantly. HPM - Merchandising project and ERP continue to progress. 3PL implemented in Hosur. Nine West is on track for launch in stores Q4FY24 onwards. Speaking on the Q3FY24 performance, Gunjan Shah, MD and CEO - Bata India stated: “Despite persistent market headwinds accentuated in discretionary spending, we continued to invest in new product launches, enhancing customer experience and expanding our reach across channels & markets. We saw handsome growth in Red Label, Floatz, Comfit, and Hush Puppies. Our strategy for premiumization continues progressively. Prudent expansion of our Retail Network and marketing investments continue to be our key strategy. We launched our latest campaign “Every Walk is a Ramp Walk” which has met encouraging response and impact on the Brand. We would continue to focus on efficiency and productivity backed by digital transformation for future readiness with cautious optimism.”