Bata India Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2017

1. Under the Heading Tax Expense, Tax for earlier Year shall be included as: (Rs. 62.83) for 3 months ended and for the year ended respectively. Consequently, the Net Profit shall be read as Rs. 359.39 for 3 months ended and Rs. 1587.48 for the year ended.

2. The above results were reviewed by the Audit Committee and approved by the Board of Directors at the Board Meeting held on 15th May, 2017. Figures of the previous period/ quarter have been regrouped, wherever considered necessary.

3. The Company has adopted Indian Accounting Standard ("Ind AS") and accordingly these financial results have been prepared in compliance with accounting standards notified under section 133 of the Companies Act 2013, read with relevant rules issued there under. The date of transition to Ind AS is April 1, 2015. The Impact of transition has been accounted for in the opening reserves and the comparative periods have been reinstated accordingly.

4. Net Profit of Rs. 359.39 million, for the quarter ended 31st March, 2017 has increased by 27% over the corresponding period last year.

5. Earnings per share for the current quarter is Rs. 2.80 as against Rs. 2.20 per share in corresponding period last year.

6. Profit before exceptional item & tax for the year ended 31st March, 2017 of Rs. 2552.44 million, has increased by 15% over the corresponding period last year.

7. The Board of Directors have recommended a final dividend of Rs. 3.5 per share (70 % on an equity share of par value of Rs. 5/- each) for the year ended 31st March, 2017. The payment is subject to approval of the shareholders at the ensuing Annual General Meeting of the Company.

8. The figures of quarter ended 31st March, 2017 are balancing figures between audited figures in respect of the year ended 31st March, 2017 and the unaudited published year to date figures up to nine months ended 31st December, 2016.

9. Consolidated accounts include results of three 100% subsidiaries viz., "Bata Properties Limited" , "Coastal Commercial & Exim Limited" and "Way Finders Brands Limited".

10. Reconciliation between financial results, as previously reported (referred to as 'Previous GAAP') and Ind AS for quarters / year presented are as under:

In this regard, we are unable to provide the details in table form in the absence of xbrl format. However the same has already been disclosed in pdf format.

11. Reconciliation between equity, as previously reported (referred to as 'Previous GAAP') and Ind AS for the year ended March 31, 2016 is as under:

In this regard, we are unable to provide the details in table form in the absence of xbrl format. However the same has already been disclosed in pdf format.