Hold Bata India, target price Rs 1,275: JM Financial

JM Financial has a Hold call on Bata India with a target price of Rs 1,275. The current market price of Bata India is Rs 1225.05. The time period given by the analyst is year when Bata India price can reach defined target. Bata India, incorporated in 1931, is a Large Cap company (having a market cap of Rs 15551.19 crore operating in the Leather sector.

Bata India key products/revenue segments include Footwear and Other Operating Revenue for the year ending 31-Mar-2024.

Financials

For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 810.51 crore, down -12.72 % from last quarter Total Income of Rs 928.66 crore and down -1.13 % from last year same quarter Total Income of Rs 819.77 crore. The company has reported net profit after tax of Rs 45.92 Crore in the latest quarter.

The company?s top management includes Mr.Ashwani Windlass, Mr.Gunjan Shah, Mr.Anil Somani, Mr.Akshay Chudasama, Mr.Ashok Kumar Barat, Ms.Radha Rajappa, Mr.Mukesh Butani, Mr.Gerd Graehsler, Ms.Kanchan Chehal, Mr.Ravindra Dhariwal, Mr.Ashwani Windlass, Mr.Shaibal Sinha, Mr.Gunjan Shah, Mr.Anil Somani, Mr.Akshay Chudasama, Mr.Ashok Kumar Barat, Ms.Radha Rajappa, Mr.Mukesh Butani, Mr.Gerd Graehsler, Ms.Kanchan Chehal, Mr.Ravindra Dhariwal, Mr.Shaibal Sinha. Company has B S R & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 13 crore shares outstanding.

Promoter/FII Holdings
Promoters held 50.16 per cent stake in the company as of 31-Mar-2025, while FIIs owned 6.93 per cent, DIIs 29.45 per cent.