2009 is a remarkable year for Bata – Mr Villagran

25 Feb '10

3 min read

Bata India Limited, the largest retailer and the leader in the footwear market in India declared its best ever financial results for the quarter ending December 31st 2009, with a growth of 66.9% in Profit Before Tax (PBT) at Rs. 3,865.8 lacs against Rs. 2,316.9 lacs in the same period last year. The Company's Net Turnover grew by 12.9% at Rs. 28,809.0 lacs as against Rs. 25,522.5 lacs in the same period last year.

The Company's Profit Before Tax (PBT) for the full year ended December 31st 2009, grew by 40 % at Rs. 10,026.3 lacs as against Rs. 7,184 lacs and Turnover by 11% at Rs. 109,017.5 lacs as against Rs. 98,359.5 lacs during the same period last year(2008).

The Company also announced a dividend of Rs. 3/- per share (30% on an equity share of par value of Rs. 10/- each) for the year 2009. The payment is subject to the approval of the shareholders in the ensuing Annual General Meeting of the Company.

Announcing the results, Mr. Marcelo Villagran, Managing Director & CEO, Bata India Limited said “The year 2009 has been a remarkable year for Bata in India. During this year, we opened a record 76 new stores, adding over 200,000 square feet of prime retail space to our business. We also renovated 40 existing Stores. These new & renovated Bata Shoe Stores continue to help in ensuring that Bata remains the most preferred brand for consumers in the footwear retail market in India. During the year, we continued to improve our collection, with more trendier and youthful designs, and these along with our great value pricing, continued to ensure that our customers found great satisfaction and gave their patronage to our brand."

"We also continued to expand our premium retail offering through the chain of Hush Puppies exclusive stores and four new outlets in Delhi, Mumbai & Chennai were opened during the year. Our 'shop in shop' retail format for Hush Puppies in partnership with Lifestyle stores, has been highly successful and we opened three locations with them. This rapid expansion of the brand continues to give our customers greater accessibility to our premium range of footwear under Hush Puppies brand."

"The highlights of the year have been rapid retail expansion, a fantastic shoe line, increased store productivity, improved inventory management and great customer service, thus contributing to our strong financial performance. Our wholesale business continues to grow and deliver great results,with very trendy shoe designs, increased margins, and increased penetration into smaller towns."

"Bata Industrials, our venture into the safety footwear market in 2008, has been received very well with volumes doubling in 2009. The brand also received the coveted quality ertification from Bureau of Indian Standards.”

Bata India Ltd. is on a forward course and will continue to invest and implement several growth initiatives like large format stores, trendy collections and a new initiative of online sales through www.batagiftvoucher.com, to meet the evolving demands of its customers in India.

Bata India Limited

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