Bata India Ltd. News and Updates

Name: Latest research reports of Bata India Ltd. authored by Motilal Oswal and published by - Trendlyne research reports.
Item: Bata India Ltd.
Rating: 1
Author: Motilal Oswal

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Bata India Ltd.

04 Jan 2018

1261.10

-0.21%

BUY/SELL/HOLD ideas from D-St experts

Economic Times

Bata India is a 'Buy' call with a target price of Rs 820 and a stop loss of Rs 755.

Bata India Ltd. is trading above its 50 day SMA of 1230.7

Bata India Ltd.

23 Nov 2017

1261.10

-0.21%

Bata India: Premiumization to support margin expansion

Sell: Bata India Ltd.

Recommendation Target

Motilal Oswal

Hiccups in wholesale business: The transition to GST has had an industry-wide impact, with destocking at the wholesale level. BATA too witnessed subdued offtake in 1HFY18 on account of non-compliant wholesalers, which resulted in a ~12% YoY decline in wholesale business in 1HFY18. However, the retail business grew ~9% YoY and since retail contributes over 80% of overall revenue, BATA managed to post an overall growth of 6% YoY in 1HFY18. Growth was also aided by an early festive season. With GST netted off from the topline, we expect similar growth of 6% YoY in 2HFY18....

Bata India Ltd. has an average target of 1473.40 from 5 brokers.

Bata India Ltd.

21 Nov 2017

1261.10

-0.21%

Bata India Q2: a dreary walk

livemint

Bata India saw a muted net revenue growth of just 1.6% to Rs587 crore in the September quarter

Bata India Ltd. has an average target of 1473.40 from 5 brokers.

Bata India Ltd.

21 Nov 2017

1261.10

-0.21%

Bata India Ltd: Margins Stable; Renewed Bets on Ladies, Chil... (Nov 21, 2017)

Hold: Bata India Ltd.

Target

Karvy

Margins Stable; Renewed Bets on Ladies, Children and Premium Branded Footwear to Boost Top line: During Q2FY18, Revenue from operations was up by 0.5% YoY at Rs. 5869 Mn YoY as compared to Rs.5837 Mn. EBITDA grew 33.3% YoY with operating margin increasingat 11% QoQ and 6.4% on YoY basis. Net profit in Q2FY18 grew by 24.0% YoY to Rs. 429 Mn from Rs. 346 Mn.

Bata India Ltd. is trading above its 50 day SMA of 1230.7

Bata India Ltd.

20 Nov 2017

1261.10

-0.21%

Result Update:Bata India

Hold: Bata India Ltd.

Recommendation Target

Axis Direct

A strong brand coupled with improving macro environment in a category dominated by unorganized will help Bata improve sales growth in the new GST era. Strategic changes like focus on franchisee model, improving product offering, and increasing appeal to women and youth will help achieve 12% sales

Bata India Ltd. has an average target of 1473.40 from 5 brokers.

Bata India Ltd.

16 Nov 2017

1261.10

-0.21%

Bata India

Buy: Bata India Ltd.

Target

ICICI Securities Limited

Bata India reported a mixed set of Q2FY18 numbers wherein revenues were below our estimates while profitability was above our estimates. Revenues for the quarter grew marginally by 1.5% YoY to | 586.9 crore (I-direct estimate: | 614.3 crore). Bata's wholesale business (~15% of total sales) continued to remain under pressure owing to GST transition. Revenues from the wholesale channel declined ~10% YoY dragging overall revenue growth. Retail segment revenues grew 2% YoY. Post GST implementation,...

Bata India Ltd. is trading above its 50 day SMA of 1230.7

Bata India Ltd.

08 Aug 2017

1261.10

-0.21%

Bata India Q1 Result: Operating profit improves despite discounts

livemint

Bata India's operating profit for Q1 came in at Rs95.5 crore, better than analysts' expectations and 12% higher than the same period last year

Bata India Ltd. has an average target of 1473.40 from 5 brokers.

Bata India Ltd.

08 Aug 2017

1261.10

-0.21%

Result Update - Bata

Buy: Bata India Ltd.

Target

Axis Direct

In line results: Sales grew 11% YoY driven by 10% SSSg and 40 new store openings. Gross margin improved 90 bps YoY, but higher rent and other operating expenses restricted EBITDA margin expansion to only 14 bps YoY at 13%. PAT grew 20% due to lower depreciation.

Bata India Ltd. has an average target of 1473.40 from 5 brokers.

Bata India Ltd.

04 Aug 2017

1261.10

-0.21%

Bata India

Buy: Bata India Ltd.

Recommendation Target

ICICI Securities Limited

Bata reported healthy double digit revenue growth of 11% YoY to | 736.1 crore (I-direct estimate: | 727.8 crore), which is its highest quarterly sales. The company's focus on the lifestyle segment and improved visual merchandising resulted in like to like (LTL) sales growth of 10%. Bata added 40 new stores this quarter. Revenues from retail channels grew 15% YoY On account of higher proportion of value added products in the product mix, gross margins improved 80 bps YoY to 52.3%....