Conference Call with Bata India Management and Analysts on Q3FY23 Performance and Outlook. Listen to the full earnings transcript.
Footwear company Bata India announced Q3FY23 results: Revenue from operations for the quarter stood at Rs 9,002 million (a growth of 7% over the quarter ended December 2021). The operating profit stood at Rs 1,021 million, a growth of 22% over the quarter ended December 2021. Speaking on the Q3FY23 performance, Gunjan Shah, MD and CEO - Bata India, stated: “Continuous focus on refreshing product portfolio with our strategy of casualization and offering premium fashionable products reflected in overall ASP growth and expansion in the share of our premium category brands like Hush Puppies, Marie Claire, Red Label, etc., that was backed by festivity and wedding season in the quarter. We also saw encouraging demand for our comfort and casual wear ranges of Bata Comfit, Floatz, etc. The quarter also marks the highest ever addition of Franchise stores with a total footprint crossing the 2000+ milestone for the 1st time. We continue to drive various cost optimization initiatives across the value chain. In the mass categories, the demand remains sluggish due to inflationary pressures. We have continued investments in marketing and technology to fuel accelerated momentum.” Result PDF