Home / Knowledge / News / Apparel/Garments / Bata's Q4 net sales up 11% in yr ended Mar 31
Bata's Q4 net sales up 11% in yr ended Mar 31
01
Jun '16
Courtesy: Bata
Courtesy: Bata
Footwear major Bata reported a rise of 11 per cent in net sales in the fourth quarter of year ended March 31, 2016 to Rs 544.7 crore as compared to Rs 491.3 crore in the corresponding last fiscal, attributed to growth strategies employed by the company.

The company reported net profit before tax of Rs 44.7 crore this quarter as compared to Rs 39.7 crore in Q4 of last fiscal, a rise of 13 per cent.

“Our focus in providing Bata shoes with comfort and style at an affordable price is helping us to consolidate our position amongst the emerging middle class consumers. The overall growth strategies have sustained this financial growth,” Rajeev Gopalakrishnan, group managing director – South Asia of Bata India said commenting on the results.

“We are moving towards more contemporary styling of footwear to address the need of the new age consumers. Our foray into the ecommerce realm will continue to gain momentum and help with a further surge in our turnover. With new product offerings and better customer engagements, we will be expanding our wavelength to keep ahead in an increasingly competitive marketplace,” he added.

The board has recommended a final dividend of 70 per cent on par value of Rs 5 per share (Rs 3.5 per share) as against 65 per cent last year. (MCJ)

Fibre2Fashion News Desk - India

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