Bata India Ltd: Navigating Growth Amidst Muted Demand
Bata India Ltd reported a 1.2% rise in consolidated net profit for Q3 2024, reaching Rs 58.7 crore. Revenue from operations increased by 1.69% to Rs 918.79 crore. Despite muted demand, Bata achieved volume-led growth, improved EBITDA margins, and significant expansion in its e-commerce channel.
- Country:
- India
Bata India Ltd announced a slight increase of 1.2% in its consolidated net profit, reaching Rs 58.7 crore for the third quarter of 2024, mainly due to exceptional items.
The company witnessed a 1.69% rise in its revenue from operations, totaling Rs 918.79 crore, driven by volume-led growth and expanded EBITDA margins.
Despite muted demand, Bata's strategic focus on premium offerings and e-commerce has bolstered its market reach and sustained profit margins, according to MD & CEO Gunjan Shah.
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