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Bata records impressive growth in Q1
03 May '10
2 min read
Bata India Limited, the largest footwear retailer and the leader in the footwear industry in India, announced its financial results for the first quarter of the year 2010.
The company continued with its strong growth momentum by posting an impressive 39 % growth in Net Profit at Rs. 1,433.0 lacs as against Net Profit of Rs. 1,033.0 lacs in the same period last year. The Net Sales of the Company grew 11.2 % at Rs. 25,915.4 lacs as against Net Sales of Rs. 23,303.2 lacs in the same period last year.
“This impressive performance is the result of higher sales and profitability due to the expansion in our retail stores, a fantastic shoe line, increased store productivity, improved inventory management and great customer service. We will continue with our strategy of expansion in different markets by opening new stores and investing in building our brand.” said Mr. Marcelo Villagran, Managing Director, Bata India Limited.
During the first quarter, the company opened 25 new Bata Shoe Stores, 2 Hush Puppies exclusive stores and 2 Hush Puppies Shop-in-Shops with the Lifestyle department stores. Bata India also renovated 16 existing stores in the quarter. These new Bata shoe stores are based on the international format of Bata and have a minimum area of 3000 sft.
Located in Metros, Mini-metros, Tier 1 & 2 cities, these new stores have helped Bata in bringing to its customers in these cities, its new contemporary and trendy range of footwear sold in an international style outlet.
The Company also launched its new Spring Summer Collection in its stores, offering several new trendy designs targeted at the young customers, under its famous brands such as Marie Clair, North Star, Power and Weinbrenner.
The company continued with its strong growth momentum by posting an impressive 39 % growth in Net Profit at Rs. 1,433.0 lacs as against Net Profit of Rs. 1,033.0 lacs in the same period last year. The Net Sales of the Company grew 11.2 % at Rs. 25,915.4 lacs as against Net Sales of Rs. 23,303.2 lacs in the same period last year.
“This impressive performance is the result of higher sales and profitability due to the expansion in our retail stores, a fantastic shoe line, increased store productivity, improved inventory management and great customer service. We will continue with our strategy of expansion in different markets by opening new stores and investing in building our brand.” said Mr. Marcelo Villagran, Managing Director, Bata India Limited.
During the first quarter, the company opened 25 new Bata Shoe Stores, 2 Hush Puppies exclusive stores and 2 Hush Puppies Shop-in-Shops with the Lifestyle department stores. Bata India also renovated 16 existing stores in the quarter. These new Bata shoe stores are based on the international format of Bata and have a minimum area of 3000 sft.
Located in Metros, Mini-metros, Tier 1 & 2 cities, these new stores have helped Bata in bringing to its customers in these cities, its new contemporary and trendy range of footwear sold in an international style outlet.
The Company also launched its new Spring Summer Collection in its stores, offering several new trendy designs targeted at the young customers, under its famous brands such as Marie Clair, North Star, Power and Weinbrenner.
Bata India Limited
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