Bata Q3 Net up 3.77 per cent at Rs 39 crore

NEW DELHI: Footwear retailer Bata India today reported a 3.77 per cent increase in standalone net profit at Rs 39 crore for the third quarter due to higher expenses.

The company, which follows January-December financial year, had reported net profit of Rs 37.58 crore in the July- September quarter of last year, Bata India said in a BSE filing.

Bata India's Q3 net sales stood at Rs 547.64 crore, up 13.11 per cent compared to Rs 484.15 crore in the same quarter a year ago.

Bata India Group Managing Director Rajeev Gopalakrishnan said: "The quarterly performance reflects our focus on maintaining quality sales and growth. With an aggressive plan on opening of new format stores, offering aspirational designs and addition of a wider range of products, the expectation is to amplify the growth momentum."

Overall expenses in the July-September quarter were at Rs 499.85 crore, up 14.43 per cent as against Rs 436.79 crore in the same period last year.

Shares of Bata India closed at Rs 1,273.60 per scrip at the end of day's trade, down 0.59 per cent from their previous close on the BSE.