For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Bata India Shares Hit 52-Week Low Post Q2 Results

|

Shares in Bata India fell to a new 52-week low on the National Stock Exchange, as earnings of the shoe maker, lagged estimates.

The stock was last trading at Rs 468, after touching a new 52-week high of Rs 461.55 on the NSE. The company reported a net profit of Rs 54.11 crores for the quarter ending Sept 30, 2015, as against Rs 92.17 crores, reported in the quarter ending June 30, 2015.

Bata India Shares Hit 52-Week Low Post Q2 Results
Bata India: Quotes, News
BSE 1345.10BSE Quote15.6 (-1.16%)
NSE 1342.00NSE Quote18.95 (-1.41%)
Net sales dipped to Rs 575 crores, as against Rs 680 crores in the previous quarter. Analyst had expected a much better performance on the revenue front.
 

"Despite economic slowdown and a lower consumer sentiment, our Q2 performance for the period July-Sept 2015 has seen a growth of 5% when compared to the same period last year.

We will be expanding our product offering, focussing on the same store growth and strengthening our E com commerce business to reach out to a larger consumer base," Rajeev Gopalakrishnan, Group Managing Director,

South Asia, Bata India Limited said.

"We are constantly making advancements & introductions to our product ranges not only in styling of the designs but also in materials & technology," he stated.

Bata India is India's top shoes retailer. The company has been lately recognized under the ET Best Brands and has also bagged the title of No.1 lifestyle brand in the footwear category in the Brand Equity most Trusted Brands of 2014.

GoodReturns.in

Read more about: bata india
Story first published: Thursday, November 5, 2015, 11:16 [IST]
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more