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Bata Profit Slips 36% To Rs 34.6 Crore; Shares Gain
The company's income for the second quarter increased from Rs 584 crore for the quarter ended September 30, 2015 to Rs 598 crore for the quarter ended September 30, 2016.
Bata India reported net profit down by 36.4 percent year-on-year to Rs 35 crore against Rs 54 crore for the second quarter ended September 30, 2015.
The company's income for the second quarter increased from Rs 584 crore for the quarter ended September 30, 2015 to Rs 598 crore for the quarter ended September 30, 2016.
"We started delivering a richer international experience with the launch of destination stores across multiple cities. To further augment the consumer experience, we continue to scale up the omni-channel presence," Rajeev Gopalakrishnan, President-South Asia, Bata Emerging Markets said.
Bata India's other income increased to Rs 14.06 crore during the quarter from Rs 9.72 crore in same quarter last year.
Shares of Bata India ended trade at Rs 410, higher by 1.66 per cent on BSE. It touched an intra-day high of Rs 418 and 52-week low of Rs 400 during trade.
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