On consolidated basis
Quarter ended December 2024 compared with Quarter ended December 2023.
Net sales (including other operating income) of Bata India has increased 1.70% to Rs 918.79 crore. Operating profit margin has jumped from 20.19% to 21.72%, leading to 9.36% rise in operating profit to Rs 199.52 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 6.90% to 8.82%. Purchase of finished goods cost fell from 34.45% to 29.16%. Employee cost increased from 11.90% to 12.43%. Other income fell 10.77% to Rs 9.86 crore. PBIDT rose 8.21% to Rs 209.38 crore. Provision for interest rose 5.60% to Rs 31.11 crore. PBDT rose 8.68% to Rs 178.27 crore. Provision for depreciation rose 4.87% to Rs 90.18 crore. Profit before tax grew 12.88% to Rs 88.09 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 18.61 crore, compared to Rs 20.06 crore. Effective tax rate was 24.07% compared to 25.70%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 1.24% to Rs 58.70 crore. Promoters’ stake was 50.16% as of 31 December 2024 ,compared to 50.16% as of 31 December 2023 .
For year-to-date (YTD) results analysis.
Net sales (including other operating income) of Bata India has increased 0.74% to Rs 2700.57 crore. Operating profit margin has declined from 22.52% to 20.70%, leading to 7.38% decline in operating profit to Rs 559.07 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 6.83% to 7.96%. Purchase of finished goods cost fell from 36.49% to 32.56%. Employee cost increased from 11.79% to 13.33%. Other expenses rose from 22.18% to 24.10%. Other income rose 8.69% to Rs 43.28 crore. PBIDT fell 6.38% to Rs 602.35 crore. Provision for interest rose 8.93% to Rs 93.72 crore. PBDT fell 8.75% to Rs 508.63 crore. Provision for depreciation rose 7.56% to Rs 267.6 crore. Profit before tax down 21.90% to Rs 241.03 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 79.46 crore, compared to Rs 68.84 crore. Effective tax rate was 21.82% compared to 25.72%.Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 43.19% to Rs 284.74 crore. Promoters’ stake was 50.16% as of 31 December 2024 ,compared to 50.16% as of 31 December 2023 .
Full year results analysis.
Net sales (including other operating income) of Bata India has increased 0.78% to Rs 3478.61 crore. Operating profit margin has declined from 23% to 22.59%, leading to 0.99% decline in operating profit to Rs 785.90 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 7.50% to 6.95%. Purchase of finished goods cost fell from 36.93% to 36.48%. Employee cost decreased from 12.00% to 11.96%. Other expenses rose from 20.80% to 22.23%. Other income rose 59.57% to Rs 61.72 crore. PBIDT rose 1.82% to Rs 847.62 crore. Provision for interest rose 8.49% to Rs 117.01 crore. Loan funds rose to Rs 1,357.29 crore as of 31 March 2024 from Rs 1,246.45 crore as of 31 March 2023. Inventories rose to Rs 929.55 crore as of 31 March 2024 from Rs 904.56 crore as of 31 March 2023. Sundry debtors were lower at Rs 80.13 crore as of 31 March 2024 compared to Rs 82.55 crore as of 31 March 2023. Cash and bank balance declined from Rs 531.20 crore as of 31 March 2023 to Rs 407.97 crore as of 31 March 2024. Investments stood at Rs 0.50 crore as of 31 March 2024 to Rs 0.50 crore as of 31 March 2023. PBDT rose 0.83% to Rs 730.61 crore. Provision for depreciation rose 15.03% to Rs 339.08 crore. Fixed assets increased to Rs 1,483.38 crore as of 31 March 2024 from Rs 1,379.24 crore as of 31 March 2023. Intangible assets increased from Rs 16.38 crore to Rs 29.05 crore. Profit before tax down 8.91% to Rs 391.53 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 88.12 crore, compared to Rs 106.83 crore. Effective tax rate was 25.13% compared to 24.85%. Minority interest was nil in both the periods. Net profit attributable to owners of the company decreased 18.73% to Rs 262.51 crore. Equity capital stood at Rs 64.26 crore as of 31 March 2024 to Rs 64.26 crore as of 31 March 2023. Per share face Value remained same at Rs 5.00. Promoters’ stake was 50.16% as of 31 March 2024 ,compared to 50.16% as of 31 March 2023 . Cash flow from operating activities decreased to Rs 453.11 crore for year ended March 2024 from Rs 628.82 crore for year ended March 2023. Cash flow used in acquiring fixed assets during the year ended March 2024 stood at Rs 100.90 crore, compared to Rs 95.41 crore during the year ended March 2023. Other highlights
The Q3 FY25 results include a one-time exceptional expenditure of Rs 10.78 crore for the VRS at a factory.
Management Comments :Gunjan Shah, MD and CEO - Bata India stated:
“We continue to focus on our portfolio to attract new customers. To foster ease of choices for customers, we are driving
affordability and reducing complexity across categories. On account of these initiatives, we are seeing significant
volume growth after a long time. We also took benefit of the prolonged End of Season Sales to reduce ageing. Despite
the muted demand, we managed to gain volumes. We saw double digit growth in Hush Puppies, through our premium
offerings. These strategies helped us sustaining margins.
We saw robust growth in our e-commerce channel with new and revamped website. Our omni-channel initiatives like
entry into quick-commerce, coupled with continuous expansion in newer towns, have significantly enhanced our market
reach.
Our strategic brand collaborations with new-age icons like Kartik Aaryan, Jim Sarbh and Vir Das connected well with
customers during the festive season. We unveiled Hush Puppies ‘The Party Ready’ collection featuring Jim Sarbh and
welcomed Vir Das as India ambassador for Hush Puppies.
We remain optimistic about demand recovery basis concerted efforts on driving volume-based revenue growth, by
offering affordability and freshness. We will continue to move ahead with cautious control on costs and focus on
efficiency and productivity.” | Bata India : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
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| Particulars | 202412 | 202312 | Var.(%) | 202412 | 202312 | Var.(%) | 202403 | 202303 | Var.(%) |
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| Net Sales (including other operating income) | 918.79 | 903.47 | 1.70 | 2,700.57 | 2,680.74 | 0.74 | 3,478.61 | 3,451.57 | 0.78 | | OPM (%) | 21.72 | 20.19 | 152 bps | 20.70 | 22.52 | -181 bps | 22.59 | 23.00 | -41 bps | | OP | 199.52 | 182.44 | 9.36 | 559.07 | 603.61 | -7.38 | 785.90 | 793.78 | -0.99 | | Other Inc. | 9.86 | 11.05 | -10.77 | 43.28 | 39.82 | 8.69 | 61.72 | 38.68 | 59.57 | | PBIDT | 209.38 | 193.49 | 8.21 | 602.35 | 643.43 | -6.38 | 847.62 | 832.46 | 1.82 | | Interest | 31.11 | 29.46 | 5.60 | 93.72 | 86.04 | 8.93 | 117.01 | 107.85 | 8.49 | | PBDT | 178.27 | 164.03 | 8.68 | 508.63 | 557.39 | -8.75 | 730.61 | 724.61 | 0.83 | | Depreciation | 90.18 | 85.99 | 4.87 | 267.6 | 248.79 | 7.56 | 339.08 | 294.78 | 15.03 | | PBT | 88.09 | 78.04 | 12.88 | 241.03 | 308.6 | -21.90 | 391.53 | 429.83 | -8.91 | | Share of Profit/(Loss) from Associates | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT before EO | 88.09 | 78.04 | 12.88 | 241.03 | 308.6 | -21.90 | 391.53 | 429.83 | -8.91 | | EO Income | -10.78 | 0 | - | 123.17 | -40.9 | LP | -40.9 | 0 | - | | PBT after EO | 77.31 | 78.04 | -0.94 | 364.2 | 267.7 | 36.05 | 350.63 | 429.83 | -18.43 | | Taxation | 18.61 | 20.06 | -7.23 | 79.46 | 68.84 | 15.43 | 88.12 | 106.83 | -17.51 | | PAT | 58.7 | 57.98 | 1.24 | 284.74 | 198.86 | 43.19 | 262.51 | 323 | -18.73 | | Minority Interest (MI) | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit | 58.7 | 57.98 | 1.24 | 284.74 | 198.86 | 43.19 | 262.51 | 323 | -18.73 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 58.7 | 57.98 | 1.24 | 284.74 | 198.86 | 43.19 | 262.51 | 323 | -18.73 | | EPS (Rs)* | 5.20 | 4.51 | 15.37 | 14.66 | 17.84 | -17.80 | 22.81 | 25.13 | -9.25 | | | * EPS is on current equity of Rs 64.26 crore, Face value of Rs 5, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
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