Bata India Q3 net up 17.29% at Rs 37.59 crore

NEW DELHI: Footwear retailer Bata India on Wednesday reported 17.29 per cent increase in standalone net profit at Rs 37.59 crore for the third quarter ended September 20, 2013.

It had reported net profit of Rs 32.04 crore in the July- September quarter of last year, Bata India said in a release.

Bata India's Q3 net sales stood at Rs 484.15 crore, up 14.31 per cent compared with Rs 423.54 crore in the same quarter of its 2012 fiscal.

Bata India Group Managing Director Rajeev Gopalakrishnan said: "Bata has witnessed constant growth over the years, which endorses our strong understanding of the consumer needs and lifestyle. New designs have helped us in constantly growing our customer base while meeting the changing lifestyle needs of our loyal customers."

Overall expenses in the July-September quarter were at Rs 436.79 crore, up 13.33 per cent as against Rs 385.41 crore in the same period last year.

Shares of Bata India were trading at Rs 881.95 per scrip in the afternoon trade, down 1.40 per cent from their previous close on the BSE.