Home / MARKET / Bata India’s fourth quarter profit fell 23% to Rs 29 crore

Bata India’s fourth quarter profit fell 23% to Rs 29 crore

Bata India's fourth quarter profit fell 23% to Rs 29 crore
File photo

Total expenses were at Rs 563.90 crore, down 2.69 per cent from Rs 579.46 crore in January-March 2019-20

Shoemaker Bata India Limited reported a 23.3 percent decline in consolidated net profit at Rs 29.47 crore for the fourth quarter ended March 21, 2021.

The company had posted a net profit of Rs 38.40 crore in the year-ago period, Bata India said in a BSE filing.

Revenue from operations was down to Rs 589.90 crore during the quarter under review from Rs 620.57 crore in the corresponding quarter of 2019-20.

Commenting on the results, Bata CEO Sandeep Kataria said: “The Q4 results are satisfactory for us, considering Q3 sales have historically been always better because of the festive season.

“We continued our march towards recovery via our channel expansion efforts via Franchising, distribution and marketplaces routes,” he said.

Total expenses were at Rs 563.90 crore, down 2.69 per cent from Rs 579.46 crore in January-March 2019-20.

For the fiscal year ended March 31, 2021, Bata India reported a net loss of Rs 89.31 crore. It had a net profit of Rs 32.89 crore in the previous year. See details.

Source: Online/KSU

Leave a Reply

Your email address will not be published. Required fields are marked *