Bata India Ltd., one of the leading footwear retailers and manufacturers of India, announced its financial results for the Q2 ended June 30, 2009. The Company posted a 8% growth in revenue at Rs. 30,862.6 lacs as against a revenue of Rs. 28,578.2 lacs in the same period last year. The Profit before Tax grew 26% at Rs. 2,718.4 lacs as against a PBT of Rs.2,158.1 lacs in the same period last year.
“Even during the tough economic times, our business has performed remarkably. Our strategy of opening large format stores continues to give us success and we continue to invest in expanding our retail business. The new trendy Bata collection and better shoe designs, value pricing, coupled with improved customer service, has helped us to grow,” says Marcelo Villagran, MD, Bata India Ltd. while announcing the result.
Bata India continued to show a marked growth in its expansion in the current economic scenario and opened 12 new retail stores and also renovated 25 of its existing stores during this period. The new Bata shoe stores are based on the international format of Bata Stores and have a minimum area of 3000 square feet.