Home Fashion Bata Announces Profit of Rs 59.38 Crores for Q2 2014

Bata Announces Profit of Rs 59.38 Crores for Q2 2014

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India footwear retailer and manufacturer, Bata has announced its financial results for the second quarter ending June 30, 2014. Company’s Q2 revenue grew to Rs 621.58 Crores representing an increase of 8.6% over the same period of last year, and operating profit stood at Rs 81.73 Crores. The company also reported Profit after Tax of Rs 59.38 Crores for the quarter.

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The company reported stand alone net profit of Rs 50.49 crore for the first quarter ended June 30 as compared to Rs 50.18 crore in the same period last year

Rajeev Gopalakrishnan, Group Managing Director, Bata Emerging Markets said “The aggressive retail expansion and renovation of stores, aspirational designs and addition of a wider range of accessories like bags, sunglasses, belts to our product portfolio, the expectation is to increase this growth momentum on the back of increase in consumer confidence level as we move through the year.”

Bata continues to enhance its offerings, which will be further seen in the forthcoming Autumn Winter Collection launching in mid August. The new range is contemporary, stylish and on trend targeted to appeal the young generation. The styles will be a combination of key trends like cut-work, embellishments, color-blocking, prints, stripes, shimmer and a combination of colors. The catalogue will cater to a wide range of consumers with an exotic range for men, women and children.