|
12 Sep 2025 |
Bata
|
Consensus Share Price Target
|
1253.80 |
1091.06 |
- |
-12.98 |
sell
|
|
|
|
|
10 Nov 2023
|
Bata
|
Motilal Oswal
|
1253.80
|
1430.00
|
1562.65
(-19.76%)
|
Target met |
Neutral
|
|
|
|
|
28 Aug 2023
|
Bata
|
Geojit BNP Paribas
|
1253.80
|
1867.00
|
1694.00
(-25.99%)
|
|
Hold
|
|
|
|
|
14 Aug 2023
|
Bata
|
Axis Direct
|
1253.80
|
1780.00
|
1646.90
(-23.87%)
|
|
Hold
|
|
|
Recommendation With a 8% upside potential from the CMP, we downgrade the stock to HOLD
|
|
13 Aug 2023
|
Bata
|
Motilal Oswal
|
1253.80
|
1540.00
|
1649.65
(-24.00%)
|
Target met |
Neutral
|
|
|
|
|
10 Aug 2023
|
Bata
|
ICICI Securities Limited
|
1253.80
|
1650.00
|
1700.30
(-26.26%)
|
Target met |
Hold
|
|
|
BATA’s revenue performance has been decent on SSSG front (-9% our estimate vs -12% for Metro) while retail expansion (at 11%) continues to be modest. Revenue growth at 2% YoY is un-exciting. Improvement in ASP (3%YoY) instills confidence in the execution of casualisation and premiumisation initiatives.
|
|
01 Jun 2023
|
Bata
|
Geojit BNP Paribas
|
1253.80
|
1826.00
|
1577.85
(-20.54%)
|
|
Buy
|
|
|
|
|
22 May 2023
|
Bata
|
Axis Direct
|
1253.80
|
1750.00
|
1531.00
(-18.11%)
|
Target met |
Buy
|
|
|
Recommendation With a 12% upside potential from the CMP, we maintain our BUY rating on the stock.
|
|
22 May 2023
|
Bata
|
Motilal Oswal
|
1253.80
|
1660.00
|
1531.00
(-18.11%)
|
Target met |
Neutral
|
|
|
|
|
22 May 2023
|
Bata
|
IDBI Capital
|
1253.80
|
1768.00
|
1531.00
(-18.11%)
|
Target met |
Buy
|
|
|
|
|
19 May 2023
|
Bata
|
ICICI Securities Limited
|
1253.80
|
1500.00
|
1525.55
(-17.81%)
|
Target met |
Hold
|
|
|
Revenue growth of 3.5% on 4-year CAGR basis appears weak vs peers. However, this needs to be seen in the context of rationalisation in COCO store footprint (net closure of ~100 COCO stores between March’20 and March’23). Overall retail expansion at ~6-7% 4Y CAGR is modest.
|