Bata reported steady revenue growth of 8.3% YoY to | 797.3 crore (I-direct estimate: | 815.0 crore). The management indicated that its latest Red Label Collection' witnessed strong traction, which led to healthy footfalls and an increase in sales of the women's category On account of higher proportion of value added products in the revenue mix, gross margins for the quarter improved 100 bps YoY to 53.3%. Furthermore, a controlled operational cost structure and positive operating leverage (rental & other expenses down 147 bps...