;
Home / Knowledge / News / Textiles / Bata India net profit climbs 45% in Q4FY18
Bata India net profit climbs 45% in Q4FY18
25
May '18
Courtesy: Bata
Courtesy: Bata
The net profit of Bata India, the largest footwear retailer in India, for the fourth quarter of fiscal 2018 has soared 45 per cent Rs 52 crore. The increase was with continued focus on value added products and efficiencies in cost structure. The net sales also grew 6 per cent in the reported period, on the back of a focus on fashion & casual collections.

Bata further leveraged the demand for best-selling articles by expanding it to more stores in smaller towns, adding stylish designs as well as improving competitiveness in manufacturing. Revenue from operations for the quarter is lower and not comparable to the previous period.

"Bata has had an exciting quarter with its new brand ambassador for Power — Smriti Mandhana who became the face of the new internationally designed collections like Power XO Rise and Glide Vapor. Our connect with the youth was strengthened via Smriti. Also based on consumer insights, we have been moving ahead on a path of premiumisation by adding technologies like memory cushion & lnsolia. We continued to invest in improving customer experience with new international 'Red-concept' stores and breathtaking visual merchandising. Our smart pricing strategy and operational cost efficiencies, helped ensure better returns for our stakeholders," said Sandeep Kataria, chief executive officer, Bata India Limited.

Earlier this year, India's most preferred footwear brand announced its association with Smriti Mandhana — opener of the Indian Women's Cricket Team as the brand ambassador for its iconic sports brand 'Power'. Mandhana starred in the #FindYourPower campaign on TV, in print and outdoor to help expand the reach of its relaunched Power range - XoRise Genesis, Glide Vapor & Speedy. Shortly following this association, Bata India also signed Bollywood actress Kriti Sanon as its new face.

The fourth quarter also saw the launch of its internationally developed 'Red Concept' stores in Kolkata and Delhi. These stores deliver distinctive stories via various elements - Breath-taking visual merchandising, Red and white focal highlight zones, a focal wall highlighting the premium collections and heritage history wall. Bata also opened its first stand-alone Power store in Noida," a Bata India press release stated. (RR)

Fibre2Fashion News Desk – India


Must ReadView All

Anthesis Group takes over key assets of Made-By

Apparel/Garments | On 20th Jan 2019

Anthesis Group takes over key assets of Made-By

Anthesis Group, the global sustainability and solutions provider, has ...

ZDHC signatory brands share tools on screened chemistry

Apparel/Garments | On 20th Jan 2019

ZDHC signatory brands share tools on screened chemistry

ZDHC signatory brands - Levi Strauss & Co, Nike, H&M and C&A – are...

Courtesy: Global fashion agenda

Apparel/Garments | On 20th Jan 2019

ASOS, PVH become partners to Global Fashion Agenda

ASOS and PVH Corp are becoming part of the Global Fashion Agenda’s...

Interviews View All

Headhonchos, Indian textile value chain

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Karel Williams, Dow Microbial Control

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Top executives, Retailers

Top executives
Retailers

Weak rupee breeds inflation

Rikesh Mistry,

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Milva Morani,

Milva Morani

Brighi Technologies began in 1970 with trading and repairing sewing...

Shivani Swamy,

Shivani Swamy

The Livinguard Technology is owned by Green Impact Holding AG based in...

Mr Hartmann Huth, Trevira GmbH

Mr Hartmann Huth
Trevira GmbH

Trevira GmbH is an innovative European manufacturer of high-value branded...

Andreas Lukas, Andritz Nonwoven

Andreas Lukas
Andritz Nonwoven

With forces in engineering and process development, Andritz Nonwoven...

Dr. Rene Wollert, Freudenberg Nonwovens

Dr. Rene Wollert
Freudenberg Nonwovens

Dr. Rene Wollert discusses the current scenario of the global nonwovens...

Nisha Chanda, Whistling Woods International School of Fashion

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

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

Leave your Comments


January 2019

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

news category


Related Categories:

Advanced Search