Shares of Bata India declined 4.81% to ₹1,110.10 on Tuesday, October 28, after the footwear company reported weak financial results for the second quarter of FY26, showing a sharp decline in both revenue and profit.
The company’s revenue from operations fell 4.3% year-on-year to ₹801.3 crore, compared to ₹837.1 crore in the same quarter last year. Sequentially, revenue also declined from ₹941.9 crore in Q1 FY26.
Meanwhile, net profit dropped 73.2% YoY to ₹13.9 crore, down from ₹51.9 crore in Q2 FY25, as lower sales and higher input costs weighed on margins.
Global brokerage Citi maintained its “sell” rating on Bata India while cutting its target price to ₹750 per share, citing disappointing performance and weak demand. The brokerage noted that EBITDA fell 17% YoY, and adjusted PAT plunged 61%, much lower than its expectations.
Citi added that profitability was impacted by warehouse disruptions, higher markdowns, and increased marketing spends, while consumer sentiment remained weak ahead of the festive season.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
