Bata India' PAT rises three-fold to Rs72cr; Stock trades flat

9 Feb 2022 , 01:55 PM

In its press release, Bata India Ltd. reported results for the quarter ended December 2021. The company has reported noticeable growth in the quarter.

Its PAT for the quarter ended December 2021 was reported at Rs 72.32 crore against Rs 26.41 crore for the previous corresponding quarter, up by 173.84% yoy.

The company also reported a significant growth in revenue on the back of improved sales during the festive season and economic revival.

Revenue for the quarter ended December 2021 stood at Rs 841.30 crore as compared to Rs 615.62 crore for the quarter ended December 2020, registering a growth of 36.66% yoy.

Bata India opened 34 franchise stores during the quarter, and also expanded availability through a distribution channel that scaled up to 1000 towns. Its Sneaker Sales Mix grew from 17.9% to 19.3% in Q3 2021. Company’s Competitive Edge Categories grew and gained a healthy Market share, and now it’s a clear leader in Men’s closed category. Bata recorded the highest sales in Oct & Dec in CY21 for B2C Marketplaces.

Its PBT Margin for the quarter under review stood at 11.6% against 5.8% for the corresponding quarter, and 8.1% for the quarter ended September 2021.

Bata India is currently trading at Rs1,878.50 down by Rs4.55 or 0.24% from its previous closing of Rs1,883.05. The scrip opened at Rs1,919.80 and has touched an intraday high and low of Rs1,924.20 and Rs1,853.85 respectively.