Bata India Ltd (NSE:BATAINDIA) is a well-known footwear company in India that operates through a network of retail stores, wholesale and online channels. The company offers a wide range of products including shoes, sandals, boots, sneakers, and accessories for men, women, and kids. Bata India has been in the market for over 85 years and has a strong brand presence in India. The company is committed to providing high-quality products to its customers at affordable prices and has been consistently delivering good financial results. Bata India is also focused on sustainability and has implemented various initiatives to reduce its environmental impact.
Bata India Limited announced its Q3 FY23 results, reporting a 7% growth in revenue from operations and a 22% growth in operating profit compared to the same period in the previous year. The company’s focus on refreshing its product portfolio with casualization and offering premium fashionable products has resulted in an increase in average selling price and expansion of share of premium category brands. Bata India also saw demand for its comfort and casual wear ranges, such as Bata Comfit and Floatz. The quarter also marked the highest ever addition of franchise stores, with the company’s total footprint crossing the 2000+ milestone for the first time. Despite inflationary pressures, Bata India continues to drive cost optimization initiatives while investing in marketing and technology to fuel accelerated momentum.