Bata India Limited delivered a steady financial performance in Q3 FY25 with its net profit and revenue witnessing modest growth. The company reported a consolidated net profit of ₹58.70 crore for the quarter ended December 31, 2024, compared to ₹57.98 crore in Q3 FY24, marking a year-on-year (YoY) growth of 1.2%.
Revenue Performance:
- Revenue from Operations: ₹918.79 crore, up 1.7% YoY from ₹903.47 crore.
- Total Income: ₹928.65 crore, compared to ₹914.53 crore in the same period last year.
Operational Details:
- Total Expenses: ₹840.57 crore, a slight increase from ₹836.55 crore YoY.
- Employee Benefits Expense: ₹103.43 crore, reflecting a marginal YoY increase.
- Purchases of Stock-in-Trade: ₹242.68 crore compared to ₹297.50 crore YoY, highlighting cost optimization in sourcing and procurement.
Exceptional Items:
The company incurred ₹10.78 crore in exceptional expenses during the quarter, mainly due to expenses associated with voluntary retirement schemes (VRS) and land transactions.
Taxation and Net Profit:
- Tax Expense: ₹18.61 crore, compared to ₹26.77 crore YoY.
- Net Profit: ₹58.70 crore, up from ₹57.98 crore in Q3 FY24, reflecting a growth of 1.2%.
Speaking on the Q3FY25 performance, Gunjan Shah, MD and CEO – Bata India Limited, stated: “We continue to focus on our portfolio to attract new customers. To foster ease of choices for customers, we are driving affordability and reducing complexity across categories. On account of these initiatives, we are seeing significant volume growth after a long time. We also took benefit of the prolonged End of Season Sales to reduce ageing. Despite the muted demand, we managed to gain volumes. We saw double digit growth in Hush Puppies, through our premium offerings. These strategies helped us sustaining margins. We saw robust growth in our e-commerce channel with new and revamped website. Our omni-channel initiatives like entry into quick-commerce, coupled with continuous expansion in newer towns, have significantly enhanced our market reach. Our strategic brand collaborations with new-age icons like Kartik Aaryan, Jim Sarbh and Vir Das connected well with customers during the festive season. We unveiled Hush Puppies ‘The Party Ready’ collection featuring Jim Sarbh and welcomed Vir Das as India ambassador for Hush Puppies. We remain optimistic about demand recovery basis concerted efforts on driving volume-based revenue growth, by offering affordability and freshness. We will continue to move ahead with cautious control on costs and focus on efficiency and productivity.”
