Bata India Q3 FY25 Results: Profit Rises 1.2% to ₹58.7 Crore, Revenue Up 1.7%

Bata India Ltd reported a slight increase of 1.2% in its consolidated net profit for the third quarter of FY24, reaching ₹58.7 crore. This compares to ₹57.97 crore in the same quarter last year. The profit was impacted by exceptional costs during the period.

Revenue and Expenses

The company’s revenue from operations grew by 1.69% year-on-year, reaching ₹918.79 crore. Meanwhile, total expenses stood at ₹840.57 crore, seeing a slight increase. Including other income, Bata India’s total income rose by 1.54% to ₹928.65 crore.

Exceptional Costs Impact Earnings

Bata India incurred a one-time exceptional expense of ₹10.8 crore towards a voluntary retirement scheme (VRS) at one of its factories. This move aligns with the company’s long-term strategy to improve supply chain efficiency.

Focus on Premium Brands and Online Growth

Despite weak market demand, Bata India saw strong volume growth, particularly in its premium brand, Hush Puppies, which recorded double-digit growth. The company also reported robust performance in e-commerce, benefiting from a revamped website and omni-channel strategies, including entry into quick-commerce and expansion into new towns.

Future Outlook

MD and CEO Gunjan Shah expressed confidence in demand recovery, stating that the company will continue focusing on volume-based growth by offering affordable and fresh product lines. Additionally, Bata India aims to maintain strict cost control while improving efficiency and productivity.

On February 11, 2025, Bata India share price stood at ₹1,328.30, down 0.96% (-₹12.85) as of 1:13 PM IST. The stock opened at ₹1,348.40, reaching a high of ₹1,362.90 and a low of ₹1,326.50 during the session. Bata India’s market capitalisation is ₹17,070 crore, with a P/E ratio of 49.12 and a dividend yield of 1.43%. The stock’s 52-week high is ₹1,633.00, while its 52-week low is ₹1,228.05.

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