{"id":133624,"date":"2022-08-31T10:29:17","date_gmt":"2022-08-31T14:29:17","guid":{"rendered":"https:\/\/44.250.171.167\/?p=133624"},"modified":"2022-10-06T04:43:50","modified_gmt":"2022-10-06T08:43:50","slug":"bata-india-limited-q1-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/bata-india-limited-q1-fy23-earnings-conference-call-insights\/","title":{"rendered":"Bata India Limited Q1 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><span class=\"embed-youtube\" style=\"text-align:center; display: block;\"><iframe loading=\"lazy\" class=\"youtube-player\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/YfNEnnUGR3Y?version=3&#038;rel=1&#038;showsearch=0&#038;showinfo=1&#038;iv_load_policy=1&#038;fs=1&#038;hl=en-US&#038;autohide=2&#038;wmode=transparent\" allowfullscreen=\"true\" style=\"border:0;\" sandbox=\"allow-scripts allow-same-origin allow-popups allow-presentation allow-popups-to-escape-sandbox\"><\/iframe><\/span><\/p>\n<p><strong>Key highlights from Bata India Limited (<a href=\"https:\/\/44.250.171.167\/symbol\/BATAINDIA\/\">BATAINDIA<\/a>) Q1 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Umang Mehta of Kotak Securities asked about the contribution from sneakers, including Power in 1Q23 and progress of it from pre-COVID. Gunjan Shah MD replied that sneakers contribute roughly about 19% to the turnover, which is a gain of about 4 percentage point. The company is feeling robust about the strong growth trajectory in sneakers going forward.<\/li>\n<\/ul>\n<ul>\n<li>\u00a0Umang Mehta of Kotak Securities also asked about the school shoes contribution in 1Q23. Gunjan Shah MD answered that the contribution would have been roughly around 9% in 1Q23.<\/li>\n<\/ul>\n<ul>\n<li>Aniket Sethi with ICICI Securities asked about the split of the ASP growth of 19% in terms of mix benefit from casualization and like-for-like price increases. Gunjan Shah MD answered that the ASP growth has been sequentially flat. But YonY growth is significant in the range of 20%.<\/li>\n<\/ul>\n<ul>\n<li>Aniket Sethi with ICICI Securities enquired if the company is covered for any inflation. Gunjan Shah MD clarified that on inflation, whatever the company has seen in inflation it has taken action. As of now, BATAINDIA is hoping that inflation stabilizes if not decline.<\/li>\n<\/ul>\n<ul>\n<li>Aniket Sethi with ICICI Securities asked if the company\u2019s newer stores have a sneaker studio. \u00a0Gunjan Shah MD replied that mostly newer stores would have it, especially in Tier 1 and Tier 2 towns. For franchise they need not have it.<\/li>\n<\/ul>\n<ul>\n<li>Gaurav Jogani from Axis Capital asked about the ASP in retail and wholesale channel. Gunjan Shah MD clarified that e-commerce ASPs are going up and even last quarter they have gone up. One of the big levers is to make customized curated collection that is online savvy.<\/li>\n<\/ul>\n<ul>\n<li>Kapil Jagasia from Edelweiss asked about franchisee stores and how successful these are in small towns. \u00a0Gunjan Shah MD said that there are many towns where BATAINDIA is the first entry player from a organized retail. The franchise model in such towns are gaining market share for the company.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Bata India Limited (BATAINDIA) Q1 FY23 Earnings Concall Q&amp;A Highlights: Umang Mehta of Kotak Securities asked about the contribution from sneakers, including Power in 1Q23 and progress of it from pre-COVID. Gunjan Shah MD replied that sneakers contribute roughly about 19% to the turnover, which is a gain of about 4 percentage [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"Bata India Limited Q1 FY23 Earnings Conference Call Insights #BATAINDIA #Q1 #FY23 #Earnings","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,6351,392],"tags":[9812,9813],"class_list":["post-133624","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-consumer-stocks","category-earnings","tag-shoes","tag-sports-shoes"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":132625,"url":"https:\/\/alphastreet.com\/india\/jb-chemicals-pharmaceuticals-limited-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":133624,"position":0},"title":"JB Chemicals &#038; Pharmaceuticals Limited Q1 FY23 Earnings Conference Call Insights","author":"Praveen","date":"August 8, 2022","format":false,"excerpt":"Key highlights from JB Chemicals & Pharmaceuticals Limited (JBCHEPHARM) Q1 FY23 Earnings Concall Q&A Highlights: Rahul Jeewani from IIFL Securities asked about the drivers of growth on the CMO business in 1Q23. 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