Bata India Q1 net surges at Rs 109.36 crore
The company has recorded a PBT (profit before tax) of 147.70 crore, a 602% jump over 21.03 crore recorded in the earlier corresponding period.
By ET Bureau | Updated:
KOLKATA: Bata India on Thursday reported a seven-fold jump in net profit for the first quarter of calendar year 2011 at Rs 109.36 crore (Rs 14.33 crore).
Net income during the period was 20% higher at 310.65 crore 259.15 crore).
The company has recorded a PBT (profit before tax) of 147.70 crore, a 602% jump over 21.03 crore recorded in the earlier corresponding period. This includes an exceptional income of 109.35 crore received from its divestment in the Batanagar project.
Announcing the results, Bata India managing director Marcelo Villagran said: "Year 2011 has started on a promising note with the company recording the highest sales growth in the first quarter as a result of continued expansion through 29 new stores and great response from customers to our product range. We expect to continue this growth this year."
Net income during the period was 20% higher at 310.65 crore 259.15 crore).
The company has recorded a PBT (profit before tax) of 147.70 crore, a 602% jump over 21.03 crore recorded in the earlier corresponding period. This includes an exceptional income of 109.35 crore received from its divestment in the Batanagar project.
Announcing the results, Bata India managing director Marcelo Villagran said: "Year 2011 has started on a promising note with the company recording the highest sales growth in the first quarter as a result of continued expansion through 29 new stores and great response from customers to our product range. We expect to continue this growth this year."
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