Footwear major Bata India has recorded a profit before tax (PBT) of Rs.147.7 crore for the first quarter ended March 31, 2011, a 602 per cent increase over the Rs.21.03 crore in the corresponding quarter last fiscal.
For the quarter under review, the company also reported a seven-fold jump in net profit at Rs.109.36 crore as against Rs.14.33 crore in the same quarter a year ago. Bata India’s turnover during the quarter grew 20 per cent to Rs.310.65 crore as compared to Rs.259.15 crore during the corresponding quarter in the last fiscal.
Announcing the results, Marcelo Villagran, MD, Bata India Ltd, said, “The year 2011 has begun on a very promising note for the company with highest sales growth in the first quarter as. We expect to continue this growth this year.”
During the first quarter of 2011, 29 new Bata stores were opened across the country. The footwear major also expanded its Hush Puppies brand with four new outlets.