Bata India Q3 net profit rises marginally to Rs 59 crore

Footwear major Bata India Ltd reported a marginal increase of 1 percent in consolidated net profit at Rs 59 crore ($6.8 million) for the third quarter ended December 2024, as against Rs 58 crore in the year ago quarter.

The company’s revenue for the quarter grew by 2 percent to Rs 919 crore, as against Rs 903 crore in the corresponding quarter of the previous fiscal year.

Bata India’s total expenses during the October-December quarter stood at Rs 841 crore.

Commenting on the results, Gunjan Shah, managing director CEO of Bata India in a statement said, “Despite the muted demand, we managed to gain volumes. We saw double digit growth in Hush Puppies, through our premium offerings. These strategies helped us sustaining margins. We saw robust growth in our e-commerce channel with new and revamped website. Our omni-channel initiatives like entry into quick-commerce, coupled with continuous expansion in newer towns, have significantly enhanced our market reach.”

“We remain optimistic about demand recovery basis concerted efforts on driving volume-based revenue growth, by offering affordability and freshness. We will continue to move ahead with cautious control on costs and focus on efficiency and productivity,” Shah added.

Bata India is one of India’s leading footwear retailers selling close to 50 million pairs annually through its retail network and online marketplaces.