05 November 2021, Mumbai:
Bata India reported net profit of Rs 37.05 crore in Q2 ending September 2021 compared with net loss of Rs 44.39 crore in Q2 ending September 2020.
The brand’s net sales surged by 66.94 per cent to Rs 614.12 crore during the quarter over Q2 September 2020. Its pre-tax profit stood at Rs 50.02 crore in Q2 September 2021, as against pre-tax loss of Rs 58.51 crore in Q2 September 2020.
Bata continued with its retail expansion drive in Tier III-V cities through franchise route, taking the overall tally to 270+ as on date. Sales through digitally enabled services contributed about 14 per cent of total sales in the quarter. The company continued to expand distribution business across 49 new towns.
The firm is expanding across all leading marketplaces with full range & assortment, powered via Omni-channel technology.
Since the opening of the economy, the company has witnessed a consistent increase in footfalls across its retail outlets, along with growth seen via e-commerce platforms and expansion drive in smaller towns in Tier III-V.
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