Extend relaxations given to manufacturing units in green zones to retail sector, say industry players
Change in consumer behaviour and higher fixed costs are major concerns, leading analysts to cut FY21 earnings estimate by 15-40 per cent
Consolidated revenue from operations of the company stood at Rs 830.82 crore for the quarter under consideration against Rs 779.79 crore for the same period year ago, Bata said in a filing to BSE.
India Inc is expecting a slew of economy-boosting steps such as income-tax rate cuts, increased rural infrastructure spending, and job creation measures in the Union Budget this time
Ashok Leyland has been rebounding for the past five months and is now trading on the verge of fresh breakout from the consolidation range
The investor community, however, favours stocks which are trade above the 200-day moving average (DMA)
Footwear maker Bata will continue its growth journey in India with the multi-retail channel approach along with e-commerce platform to reach out to as many customers as it can, said a top company official. The company, which has a retail network in 450 towns, is further expanding by adding new stores in smaller towns through franchise route. "Now we are using all three engines - our own stores, franchise partner store, which is a big drive for us in tier III & IV, and multibrand outlets. On the top it would be our e-commerce channels, whether through bata.in or other marketplaces to get as many consumers as we can," Bata India CEO Sandeep Kataria told PTI. The company last month said it will strengthen its presence by adding 500 stores in next five years, focusing mainly on small markets as it has identified tier II, III and IV cities where it has plans to broaden its sales network through the franchise model. "What has happened over time, that the brand image and the brand name ..
Bata is a household name in India, but despite an unmatched brand recall its "value-for-money" identity has not helped appeal to youths who are willing to splurge and associate with premium products more than ever. The Swiss shoemaker, present in India for over eight decades, is therefore focusing more on evolving the brand Bata to encompass style and fashion as well, besides raising advertising spends and improving customer experience in retail stores.Rajiv Gopalakrishnan, president, South Asia, Bata Emerging Markets, points out the company is developing communication across touch points to convey Bata's point of view on style and fashion. "We are also doubling our advertising budget for 2017. In the recent past, we have launched a range of stylish collections like the hand-crafted premium European Collection in men's dress space, the Naturalizer range for working women and Power walking and running sports shoes with memory foam and tunnel technology," he says.Since the company ...
He says if the tax rate is kept above 20% it will be a very big hit
Lower input costs, higher share of premium products to improve profitability
Bata witnessed its highest ever Ebidta (earnings before interest, tax, depreciation and amortisation) margin of 21 per cent in Q3
In Q3, net revenues grew 15.5 per cent year-on-year (YoY) to Rs 778.7 crore, against expectations of Rs 743 crore
Street backs premium valuation given firm's earnings potential
Bata India, Liberty Shoes, Relaxo Footwear, Superhouse and Khadim India were up 1% to 8% on the BSE
Store expansion plans in tier-2, 3 towns will aid top line, margins
On a standalone basis, net profit grew 28.2 per cent to Rs 71.37 crore.
With festival season round-the-corner, companies are hoping for a pick-up in the overall consumption, which along with the cut in corporation tax, would aid earnings growth over the next few quarters
Here is the weekly technical view on Nifty and stock recommendation by Prabhudas Lilladher
In the last fiscal year, the company sold 47.25 million pairs which helped it retain market leadership
Bata India's stock trades at 15% premium to its historic valuation