Buy Bata India, target price Rs 1,815: Kunal Bothra

Kunal Bothra has buy call on Bata India with a target price of Rs 1,815. The current market price of Bata India is Rs 1,699.05. Kunal Bothra recommended to keep a stop loss at Rs 1,715.

Bata India key products/revenue segments include footwear which contributed Rs 2,926.40 crore to sales value (99.93 per cent of total sales) and other operating revenue which contributed Rs 2.04 crore to sales value (0.06 per cent of total sales) for the year ending 31 March, 2019.

For the quarter ended 30-06-2019, the company has reported consolidated sales of Rs 882.76 crore, up 29.77 per cent from last quarter sales of Rs 680.24 crore and up 10.62 per cent from last year same quarter sales of Rs 798.00 crore. The company has reported a net profit after tax of Rs 100.97 crore in latest quarter. The company’s top management includes Akshay Chudasama, Alberto Michele Maria Toni, Ashok Kumar Barat, Rajeev Gopalakrishnan, Ram Kumar Gupta, Ravi Dhariwal, Sandeep Kataria, Shaibal Sinha, Uday Khanna and Anjali Bansal. The company has B S R & Co. LLP as its auditor. As on 30-06-2019, the company has a total of 128,527,540 shares outstanding.