Home / Knowledge / News / Textiles / Q2 FY17 Bata India net profit grows 24% to Rs 42.9 crore
Q2 FY17 Bata India net profit grows 24% to Rs 42.9 crore
15
Nov '17
Q2 FY17 Bata India net profit grows 24% to Rs 42.9 crore
For the second quarter of 2017, net profit of European footwear giant and India’s most preferred footwear brand, Bata, was recorded at Rs 42.9 crore, up 24 per cent in continuation to 20 per cent growth in the quarter that ended on June 30, 2017. The rise was a result of continued focus on value added products and efficiencies in cost structure.

The company's revenue for the quarter ended September 30, 2017 is reported net of GST. Accordingly revenue from operations for the quarter is lower and not comparable to the previous period, a company press release stated.

"Meeting the changing customer aspirations, offering comfort-driven technologies and dialing up fashion & contemporary collections are some of the trends that we are focusing at Bata. With a sharp focus on driving product and operational cost efficiencies and at the same time ensuring a smooth transition to GST, we have managed to ensure higher standards of customer experience and returns to our stakeholders," Rajeev Gopalakrishnan, managing director, Bata India Limited & president, Asia (South), Bata Emerging Markets, said.

In an industry first move, Bata India introduced a new category of footwear targeting the tweens, the 10-14 year olds and curated a collection in casual, daily-wear, sports and outdoor sub-categories, thereby bringing in a whole new set of audience to the stores. Further, Bata expanded its product offering with new launches in the men and women categories like Hush Puppies, Naturalizer, European collection, Power International range, North Star as part of its AW17 collections. Targeting the young millennials, Bata also launched Power Glidesteam & Airwalk collections

Bata is continuing its efforts in uplifting retail experience via breath-taking store windows, trained stylists to recommend collections and specially curating in-store music, recreating an international shopping experience.

The board of directors appointed Sandeep Kataria as a whole-time director of the company for a period of five years with effect from November 14, 2017, subject to approval of the shareholders of the company at the forthcoming Annual General Meeting. At the board meeting, Kataria was also appointed as the chief executive officer (CEO) and a key managerial person of the company. (RR)

Fibre2Fashion News Desk – India


Must ReadView All

SABIC signs MoU with PRC province for petrochem complex

Textiles | On 26th Sep 2018

SABIC signs MoU with PRC province for petrochem complex

The Saudi Basic Industries Corporation (SABIC) recently announced the ...

New Pakistani federation to fight for workers' rights

Textiles | On 26th Sep 2018

New Pakistani federation to fight for workers' rights

The various unions in Pakistan’s textile and garment industry...

Courtesy: Pexels

Textiles | On 26th Sep 2018

Fitch raises growth forecast for India to 7.8% in 2018-19

Rating agency Fitch last week raised India’s growth forecast for...

Interviews View All

Yash Maniyar, Rekha Maniyar

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Krishnanand Tripathi, Textrade International Ltd

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Neel Sawhney, One Friday

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Shivani Swamy,

Shivani Swamy

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

Sarah Perkins,

Sarah Perkins

Fairfax, Virginia-based Specialty Graphic Imaging Association (SGIA) is a...

Manuele Baggini,

Manuele Baggini

Comec Italia Srl is a world leader in the production of printing machines. ...

Johan Berlin, Investkonsult Sweden AB

Johan Berlin
Investkonsult Sweden AB

Investkonsult Sweden AB are consultants in the nonwoven and absorbent...

Giorgio Mantovani, Corman S.p.A

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Matthew Kolmes, Supreme Corporation

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

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


October 2018

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

news category


Related Categories:

Advanced Search