Bata India Profit At Rs 37.18 Crore In September Quarter Against Net Loss Of Rs 44 Crore

Shoe giant Bata India reported a net profit of 37.18 rupees for the July-September quarter, compared to a net loss of 44.31 rupees for the same quarter last year.

Operating income for the second quarter of the current fiscal year was 614.12 rupees compared to 367.87 rupees for the same quarter of the previous fiscal year.

“With our 250th opening, we have strengthened our casual shoe portfolio and redesigned our Northstar shoe line in the Floatz-led category,” said Gunjan Shah, MD and CEO of Bata India.

“We are also focused on expanding our e-shop presence and scope. Along with our channel expansion initiatives, we continue to focus on cost savings in our network, discretionary expense management and discretionary expense management.

We have increased productivity. These measures have laid the foundation for effectively capturing new consumer demand,” added Shah.