Bata India gains 5% post strong Q3FY19 results

The company's standalone net profit in the third quarter ended December 2018 rose 51.4% yoy to Rs103.18cr.

Feb 13, 2019 06:02 IST India Infoline News Service

Shares of Bata India gained 5% in intraday trade on Wednesday after the company posted a 51% rise in net profits in Q3FY19.

Bata India Ltd’s revenue for Q3FY19 came in at Rs779cr, up 15.5% yoy and 15.7% qoq. EBITDA for the quarter came in at Rs163.63cr, up 46.8% yoy and 87.3% qoq. The company's EBITDA margin expanded 447bps yoy and 804bps qoq to 21%. Read more.

Bata would report revenue CAGR of ~15% over FY18-20E aided by the growth of the women’s segment and a shift in demand to the organized sector post-GST. A favorable change in product mix will drive PAT CAGR of ~26% over FY18-20E.

Bata India Ltd share price is currently at Rs1,242, up Rs53, or 4.46%, from its previous close of Rs1,189 on the BSE. The scrip opened at Rs1,215.80 and has touched a high and low of Rs1,245 and Rs1,199.95, respectively. So far, 35,52,124 (NSE+BSE) shares were traded on the counter.

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