Bata India took a hit in the January–March quarter, with its operating profit falling 36% to Rs 37 crore, down from Rs 58 crore during the same period last year. The dip comes despite the company pushing for higher volumes amid a challenging demand environment.
Revenue for the quarter came in at Rs 788 crore, slightly below last year’s Rs 798 crore. In a regulatory update, the company acknowledged the slowdown but pointed to gains in volume, which it said align with its broader goal of driving growth through affordability and simplification across product lines.
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“We’ve been navigating a tough market, but our focus on offering value and streamlining our portfolio has helped us grow volumes,” said Gunjan Shah, Managing Director and CEO of Bata India.
Bata’s board has proposed a final dividend of Rs 9 per share. This comes on top of the Rs 10 interim dividend distributed in September 2024, bringing the total payout for the year to Rs 244 crore.
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Shares of the footwear brand closed marginally lower on Wednesday, slipping 0.29% to Rs 1,275.60 on the BSE.
