Home / Knowledge / News / Bata records impressive growth in Q1
Bata records impressive growth in Q1
03
May '10
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.

Bata India Limited

Must ReadView All

Apparel/Garments | On 18th Jan 2017

Government considering 100% FDI in single brand retail

The Government of India is looking at allowing 100 per cent foreign...

Courtesy: Walmart

Apparel/Garments | On 18th Jan 2017

Walmart to create 34,000 new jobs in the US

The world’s biggest retailer and also the biggest US private sector...

Courtesy: UN Department of Public Information

Textiles | On 18th Jan 2017

World economy expanded by just 2.2% in 2016: UN

The world economy expanded by just 2.2 per cent in 2016, the slowest...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search