Bata India shares fell nearly 5% following the release of its April-June quarter results for the fiscal year 2024-25 (Q1FY25). As of 10:00 AM, the shares were trading 4.38% lower at ₹1,448.80.
Financial Highlights
- Net Profit: Increased by 63% to ₹174 crore, compared to ₹107 crore in the same period last year. This rise was supported by a one-time gain from the sale of property.
- Revenue from Operations: Fell slightly by 1.4% to ₹944.6 crore, down from ₹958 crore in the previous year.
- EBITDA: Declined by 22.7% to ₹185 crore, down from ₹239 crore in the year-ago period.
- EBITDA Margin: Decreased to 19.6% from 25% in the same quarter last year.
Dividend Announcement
- Interim Dividend: Bata India’s board approved an interim dividend of 200% at ₹10 per equity share of ₹5 for the current fiscal year.
- Record Date: September 2, 2024, for payment of the dividend. The record date for entitlement is set as August 16, 2024.
| Metric | Q1 FY25 | Q1 FY24 | Change (%) |
|---|---|---|---|
| Net Profit | ₹174 crore | ₹107 crore | 63% |
| Revenue | ₹944.6 crore | ₹958 crore | 1.4% |
| EBITDA | ₹185 crore | ₹239 crore | -22.7% |
| EBITDA Margin | 19.6% | 25% | – |
Despite the profit increase and dividend announcement, the decline in EBITDA and margin has impacted investor sentiment, leading to a drop in Bata India’s share price.