Bata India quarterly sales up 15%
01/11/2012
It said it has been affected by “changes in the retail environment with low consumer sentiments and lower customer traffic for key retailers” but despite this has been "persistent on its growth path". Profit before tax was Rs 4778.9 lacs (£88.8 million) against Rs 4503.3 lacs in the same period last year.
Managing director Rajeev Gopalakrishnan said: “We have good results this quarter and the consistent growth in our retail and non retail businesses has made the quarter successful for the company. We will continue our focus to expand the retail outlets and improve the merchandise with newer and better designs to provide the Indian consumers the best in footwear”
Bata opened 33 stores in the quarter, spread across metros, tier 1 and tier 2 cities. It opened three Hush Puppies stores plus a concession, and one Footin store.
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