Bata reports a 31% fall in net profit, owing to muted demands

New Delhi: Footwear firm Bata India Ltd reported a 31.04% fall in their net profit, and a 0.7% rise in the total income during the third quarter ended December. This was driven by premium categories amid muted demands.

Net profit fell from Rs 83.11 crore in the last year to Rs 57.31 crore in the third quarter of this year. Total income increased from Rs 907.72 crore to Rs 914.26 crore in Q3FY24.

Gunjan Shah, MD and CEO of Bata India Limited, said, “Despite persistent market headwinds accentuated in discretionary spending, we continued to invest in new product launches, enhancing customer experience and expanding our reach across channels & markets.”


During the quarter, Bata expanded its network with 54 net new stores, franchise and company owned company operated expansion, and 36 stores were renovated.

Shares of Bata India Ltd closed at Rs 1459.6 a piece, down by 1.93%, on the BSE.