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24 Sep 2025 |
Bata
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Consensus Share Price Target
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1226.50 |
1091.06 |
- |
-11.04 |
sell
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08 Aug 2016
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Bata
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ICICI Securities Limited
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1226.50
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575.00
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548.55
(123.59%)
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Hold
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Bata India’s (Bata) Q1FY17 revenues were below our estimate and remained flattish with a marginal decline of 1% to | 674.7 crore (Idirect estimate: | 734.7 crore). The revenue growth has been impacted owing to high level of competition and discounting by online players in the footwear segment • On the EBITDA front, the company reported a decline of 5% YoY to | 82.1 crore (I-direct estimate: | 98 crore), on account of a 50 bps decline in EBITDA margin to 12.2% (I-direct estimate 13.3%). Though gross margins have improved 170 bps YoY to 50.1%, EBITDA margins declined on account of other expense to sales ratio increasing from 13.6% in Q1FY16 to 15.75% in Q1FY17 • PAT declined 45% YoY to | 50.5 crore(I-direct estimate: | 57 crore). PAT was lower due to exceptional income of | 43 crore in Q1FY16. Excluding it, YoY PAT growth was 2%.ICICI Securities Limited maintain our HOLD recommendation on the stock with a target price of | 575 (based on 30.0x FY18E EPS of | 19.2).
Trendlyne has 8 reports on BATAINDIA updated in the last year from 4 brokers with an average target of Rs 619.5. Brokers have a rating for BATAINDIA with 1 downgrade,2 price downgrades and 1 price upgrade in past 6 months.
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22 Jul 2016
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Bata
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Religare
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1226.50
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645.00
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569.25
(115.46%)
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Accumulate
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During FY16, the net sales of the company have increased by 10%. Footwear and accessories sales increased by 11%. Surplus proper accessories sales increased by 24%. The company's focus in providing Bata Shoes with comfort and style at an affordable price is helping it to consolidate its position amongst the emerging middle class consumers.
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13 Jun 2016
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Bata
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BOB Capital Markets Ltd.
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1226.50
|
627.00
|
539.40
(127.38%)
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Target met |
Buy
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Bata India 4QFY16result update
Firming up e-commerce business: BIL is strengthening its e-commerce business to reach more consumer base by launching exclusive online portfolio, which will help in enhancing its online presence and also set up uniqueness...
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01 Jun 2016
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Bata
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ICICI Securities Limited
|
1226.50
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585.00
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566.05
(116.68%)
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Hold
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EBITDA for the quarter grew 18% YoY to | 55.4 crore, driven by 60 bps growth in operating margin to 10.2%. The operating margin growth mainly was due to a lower base in Q5CY15, which was on...
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11 May 2016
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Bata
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Karvy
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1226.50
|
700.00
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572.00
(114.42%)
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Target met |
Buy
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Bata is all set to capture the Indian markets with its diverse, large and durable merchandise range catering to every individual. Having a capacity of over 1400 stores pan India, Bata is still looking to expand further with a plan to launch over 100 stores in the coming years with a keen attention to the Tier 3 and Tier 4 markets which can facilitate huge volume growth.
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12 Apr 2016
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Bata
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Motilal Oswal
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1226.50
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576.00
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534.85
(129.32%)
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Target met |
Buy
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We met BATA's Director-Finance and CFO, Mr Ram Kumar Gupta, and came away enthused by the developments in the company. We are upgrading our revenue estimates by 2%/7%/11% for FY16/FY17/FY18,...
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26 Feb 2016
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Bata
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BOB Capital Markets Ltd.
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1226.50
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571.00
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464.05
(164.30%)
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Target met |
Buy
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Bata India 3QFY16result update
A 149 bps expansion in EBIDTA margin to 12.9 % v/s 11.4 % YoY: BIL's EBITDA margin expanded by 149 bps YoY to 12.9% as against 11.4% in 3QFY16. EBITD A for 3QFY16 stood at Rs. 798 mn v/s Rs. 614 mn in 3QFY16 a...
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18 Nov 2015
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Bata
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BOB Capital Markets Ltd.
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1226.50
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571.00
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476.45
(157.42%)
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Target met |
Buy
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Bata India 2QFY16 result update
Focusing on premiumisation: BIL is the largest footwear retailer in India with a high market share in the organized sector. The Company has strong pan-India presence with ~1,265 Shoe Stores located in over 500 cities. Of these there are...
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06 Nov 2015
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Bata
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ICICI Securities Limited
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1226.50
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588.00
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466.05
(163.17%)
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Target met |
Buy
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11 Aug 2015
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Bata
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BOB Capital Markets Ltd.
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1226.50
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590.45
(107.72%)
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Pre-Bonus/ Split |
Buy
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Bata India Q1FY16 result update
Reduced Margin but bright future; maintain BUY Bata India Ltd. (BIL) reported 1QFY16 result with revenue growth of 9.4%/38.5% YoY/QoQ respectively to Rs 6.8bn. EBITDA/recurring PAT...
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