Bata India Ltd. share price target

Bata India Ltd reported Q5FY15 results. Revenue declined by ~1% YoY to Rs 4.91 bn vs preceeding quater of Rs 4.95 bn due to supply chain issue. EBITDA decreased by ~29% yoy with shrikage of ~374 bps yoy....

Revenues and margins disappoint: Revenues at Rs 4.96bn fell 1% yoy. EBITDA margins at 9.6% (490bps yoy) were300bps below expectations; gross margins improved by 26bps (would include positive impact of excise duty reduction in the July 2014 budget). Margins...

Improving earnings, led by cost effectiveness and positive industry factor: Improving earnings led by a number of factors- 1) Falling Raw material cost 2) Reduction in staff cost 3) Reduction in excise duty on product made...

bn and will only grow rapidly as the user base grows from the existing 30 mn online shoppers. Footwear as a segment appeals to buyers as it gives access to the brands and especially foreign brands which hitherto they didn't have much access to. Moreover, the...

The India Footwear Industry is estimated at `25,000 crs. plus and is growing at ~10-12% p.a. The organized segment which currently accounts for 15% of the industry is growing at a much faster pace of ~15-20% p.a. Consumerism, rising incomes, brand consciousness, innovations and quality preferences are all driving growth. Bata has presence across all footwear segments with different varieties for all age groups. It has wide range of products suitable for various occasions / events; from daily wear sandal, casual shoes, sport shoes as well as party wear shoes. Recently it has also entered into accessories market providing leather belts, wallets,...