Bata Q3 net profit up 28% at Rs 44.56 crore

KOLKATA: Footwear maker and retailer Bata India reported 28% jump in net profit at Rs 44.6 crore for the third quarter ending December 31, 2015, while turnover grew by 15% at Rs 617.2 crore.

Rajeev Gopalakrishnan, group managing director, South Asia, Bata India Ltd said the company will be expanding product offering which will be targeted at youngsters. “We continue to strengthen our e-commerce business to reach out to a larger consumer base,” he said.

During the result board meeting, the company also made changes in directors. This includes resignation of Jack Clemons, non-executive director, appointment of Christopher Kirk, chairman of Bata Group as an additional director and re-appointment of Rajeev Gopalakrishnan as the managing director for a period of five years.