For the third quarter that concluded in December 2024, footwear giant Bata India Ltd. recorded a modest 1 per cent increase in consolidated net profit, coming in at US $ 6.8 million.
Compared to Rs. 903 crore (US $ 1.1 million) in the same quarter of the previous fiscal year, the company’s revenue for the quarter increased by 2 per cent to Rs. 919 crore (US $ 1.12 million).
Gunjan Shah, Managing Director and CEO of Bata India, highlighted that despite weak demand, the company achieved volume growth. They saw strong performance in Hush Puppies through premium products, which helped maintain margins. The company also experienced solid growth in e-commerce and expanded its market reach with omni-channel initiatives and entry into quick-commerce.
Shah continued by saying that the company is hopeful that demand will rebound due to the combined efforts to increase volume-based revenue by providing affordability as well as freshness. The company will continue to go forward and exercise careful cost control and concentrate on productivity and efficiency.
