Bata India walks away with a profit of Rs. 3759 L in Q3; Up by 17.3%

Bata India, India’s leading footwear retailer and manufacturer, today announced its financial results for the third quarter ending September 30, 2013. Net sales for the quarter were Rs. 48416 Lakhs, operating profit was Rs. 4763 Lakhs and net profit was Rs. 3759 Lakhs.

Net profit of the Company grew by 17.3%, Rs. 3759 Lakhs in Q3 of 2013 over the corresponding period last year. The turnover of the Company grew by 14.3%, Rs. 48416 Lakhs in Q3 of 2013 as compared to the same period in 2012.

Rajeev Gopalakrishnan, Group Managing Director, Bata India Limited said, “Bata has witnessed constant growth over the years, which endorses our strong understanding of the consumer needs and lifestyle. We have been relentlessly working on improving our product offerings through constant research and development. The footwear collection has vastly improved over the years and we have launched contemporary and fashionable designs. The new designs have helped us in constantly growing our customer base while meeting the changing lifestyle needs of our loyal customers. This quarter, we opened our largest store in India at Viviana Mall, Thane. The store is spread across 20,000 sq.ft and offers an extensive range of footwear and accessories.”

In line with Bata’s retail growth strategy, the new autumn-winter collection launched at its stores is a contemporary collection of footwear, which includes products in the current monochrome trend for the season. Customers can now choose from Bata’s exquisite product line-up ranging from boots to ballerinas and wedges to heels in a variety of colours that are in vogue. The new collection also celebrates men’s classic boot styles, colorful loafers and youthful sport shoes to fit into their lifestyle. Additionally, the autumn-winter collection includes a wide selection of accessories like bags, belts, and scarves, etc. that add a dash of style to life.

Bata India will be opening approximately 100 new stores this year. The stores will be in line with the refreshed formats which are easier to navigate and make shopping more inviting for customers.