Bata India

Shoemaker Bata India Ltd on Wednesday reported over two-fold increase in its consolidated net profit at Rs 62.96 crore for the fourth quarter ended March 31, 2022.

Khadim India surged 18% to Rs 274, while Liberty Shoes surged 13% to Rs 177.95, followed by Superhouse (11% to Rs 209) and Mirza International (6% to Rs 230).

The Delhi-based firm is launching its Rs 1,400-crore Initial Public Offering (IPO) through the offer for sale route on Tuesday at a price band of Rs 278-292 per share

Stock market LIVE: Sectorally, Nifty Auto index was the top performer now, up 1.5 per cent, followed by Nifty Private Bank, and IT indices. PSU index was the sole loser, down 0.8 per cent.

3i Infotech, ACC, Aurobindo, Berger Paints, DCB Bank, GMR Infra, Indiabulls Housing, NDTV, Nykaa, Petronet, PowerGrid Corp, SAIL and Tata Power to report earnings today.

Bata India on Tuesday reported nearly three-fold increase in consolidated net profit at Rs 72.32 crore for December quarter 2021-22. The company had posted a net profit of Rs 26.41 crore in the year-ago period, Bata India said in a BSE filing. Revenue from operations was up at Rs 841.30 crore during the quarter under review as against Rs 615.62 crore. "Backed by improved sales during the festive season and re-opening of economy, revenue from operations for the quarter stood at Rs 841.3 crore and profit before tax was Rs 97.27 crore," said Bata India a post earning statement. Total expenses were at Rs 757.54 crore as against Rs 588.10 crore in the year-ago period. "In this quarter, we saw significant improvement in customer sentiment. Additionally, we kept expanding our reach through new franchise stores & multi-brand outlets," Bata India MD and CEO Gunjan Shah said. During the quarter, Bata India opened 34 new franchise stores, expanded availability via a distribution channel tha

After the correction, the stock of Bata India has taken support near the trendline support zone of 1,850 and has indicated a reversal to bottom out

Bata, while announcing its results for Q2FY22, said that it continued with its retail expansion drive in tier 3-5 cities through franchise route, taking the overall tally to 270+ as on date

Bata India on Wednesday reported a consolidated net profit helped by an increase in sales

SBI and other banking shares, along with stocks of companies to report earnings today will be in focus

Domestic investors have hiked stake in the company by 243 basis points (bps) to 17.88 per cent, while foreign shareholding increased marginally to 5.35 per cent at the end of June 2021 quarter

Changes in the income-tax, likely good monsoon and the on-going above normal Rabi acreage along with higher MSPs are the key triggers analysts are betting on for the consumption revival

Leading shoemaker Bata India Ltd is working on portfolio changes towards casuals and sneakers as part of its business growth plans and channel expansion through franchise, its CEO Gunjan Shah said.

The firm's operating revenue grew 98 per cent to Rs 267 crore on a low base of Rs 135 crore that it has reported in the year-ago period

State-owned Power Grid Corporation of India board has decided to infuse fresh equity up to Rs 425 crore in Energy Efficiency Services

During the quarter, its cost of materials consumed jumped 189 times to Rs 33.2 crore but a deduction due to its inventory positions, kept losses in control.

This is part of the firm's efforts to save cash through enhanced productivity, cost-reduction and tight inventory management

The recent optimism at the bourses stems from the hope that consumers will resort to 'revenge buying' once the lockdown condition is lifted following the second wave of Covid infections receding

Well placed vis-a-vis competition given healthy balance sheet

Bata India's gross margins witnessed an improvement of around 160 basis points (bps) quarter-on-quarter (QoQ) to 53.1 per cent, indicating green shoots in formal and fashion footwear demand