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Bata to increase retail presence
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Bata to increase retail presence
31 Mar '06
2 min read
Bata was able to make profit of Rs 12.4 crore against a loss of Rs 6.27 crore in 2004.
He is confident that sales growth would be more robust in 2006.
Sinha said that, a 10 percent growth in topline would be achieved with profitability posting a better performance than 2005.
The company offered Voluntary Retirement Scheme (VRS) to about 1,000 people in 2005 reducing staff cost.
Manufacturing of products in 2005 was planned keeping in mind market needs, focusing on women's shoe segment where Bata was historically weak.
Bata
has plans to explore opportunities in institutional space like hospitals, hotels and defence establishments.
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