The company posted a 1.69 per cent on-year increase in its revenue from operations which rose to Rs 918.79 crore
With the company witnessing a healthy performance in the ecommerce channel and being led by volume-driven revenue growth, Bata India, a footwear major has posted a 1.2 per cent year-on-year (YoY) increase in its consolidated net profit in the third quarter of the current financial year (Q3FY25). The company’s net profit increased to Rs 58.69 crore in Q3FY25, compared to Rs 57.97 crore in Q3FY24.
The consolidated unaudited financial results of the company revealed a 1.69 per cent YoY increase in its revenue from operations which rose to Rs 918.79 crore in the recently concluded quarter, compared to Rs 903.47 crore in the corresponding period of the previous financial year. The company stated that the results for the quarter also include a one-time exceptional expenditure of Rs 108 million towards VRS in its factory.
“We continue to focus on our portfolio to attract new customers. To foster ease of choices for customers, we are driving affordability and reducing complexity across categories. On account of these initiatives, we are seeing significant volume growth after a long time. We also took benefit of the prolonged end-of-season sales to reduce ageing. Despite the muted demand, we managed to gain volumes. We saw double-digit growth in Hush Puppies, through our premium offerings,” stated Gunjan Shah, Managing Director (MD) and Chief Executive Officer (CEO) of the company.
The earnings before interest, tax, depreciation and amortisation (EBIDTA) stood at Rs 208.7 crore and the EBIDTA margin expanded by 141 basis points (bps). The company witnessed growth in its ecommerce channel with a new and revamped website. The company’s omnichannel initiatives like entry into quick-commerce, coupled with continuous expansion in newer towns, have enhanced its market reach.
Shah added that the company remains optimistic about demand recovery basis concerted efforts on driving volume-based revenue growth, by offering affordability and freshness. It will continue to move ahead with cautious control on costs and focus on efficiency and productivity.
