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Its digital business also achieved its highest revenue of Rs 95 crore during the quarter contributing 11 percent of total sales.
New Delhi: Major footwear maker Bata India on Thursday reported a 47.44 percent rise in consolidated net profit at Rs 54.82 crore in the second quarter ended September 2022, helped by increased footfalls in stores.
The company posted a net profit of Rs 37.18 crore in the July-September quarter a year ago, Bata India Ltd said in a BSE filing.
Its income from operations during the quarter under review stood at Rs 829.75 crore, up 35.11 percent from Rs 614.12 crore in the corresponding quarter of FY22.
Bata India’s total spending in the September quarter was at Rs 769.56 crore, up 33.73 percent.
“Despite a challenging operating environment and significant material inflation, the company has managed to drive broad volume revenues across business channels of retail/franchise/distribution/e-commission,” Bata India said in its earnings release.
In the September quarter, Bata’s distribution channel continued to climb to over 1,100 cities.
Its digital business also achieved its “highest ever revenue” of Rs 95 crore during the quarter contributing 11 percent of total sales.
Bata India MD and CEO Gunjan Shah said the celebration around the corner and positive customer sentiments are reflecting in increased footfalls.
“Our continued improvement in customer experience and engagement was reflected in an all-time high net advertiser score,” he said.
Sneakers continued to lead the momentum and growth across businesses, Shah said.
However, he also added that in the mass categories, there was sluggishness due to inflationary pressure.
“Furthermore, the management pays attention to the price trends to ensure timely corrective actions,” he said.
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