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Result Synopsis Bata India Ltd (BATA) reported another muted quarter on the back of sluggish demand environment & subdued consumption. Consequently, topline stood at Rs8.37Bn (largely in-line with est), a marginal growth of 2%YoY (2-Year CAGR remained flat). Gross margins declined by 143bps YoY & improved by 176bps sequentially to 56.6% & similarly EBITDA margins declined by 133bps YoY & expanded by 127bps QoQ to 20.9% (above est of 20%). Hence, Absolute EBITDA stood at Rs1...

Neutral Bata India Ltd For Target Rs. 1,388 by Yes Securities Ltd

Source: Yes Securities Ltd
2024-11-19 04:29:07 pm

Experion Developers, a fully FDI-funded premium real estate developer and a wholly owned subsidiary of Experion Holdings Pte. Ltd, Singapore, has recently leased office space to global footwear giant Bata India and automotive leader JSW MG Motor India Pvt Ltd. (MG). Both marquee brands have selected The Milestone Experion Centre (The MEC) as their new Indian headquarters. This development accentuates The MEC's position as an idyllic destination for multinational companies that emphasize s...

Experion Developers bags Bata India and JSW MG Motor India HQs in landmark transaction

Source: PR Agency
2024-10-21 04:57:46 pm

Premiumisation focus will improve margins. Bata India Ltd. (BIL) is the largest retailer and leading manufacturer of footwear in India, with 1,916 retail store presence in 1,548 towns. * We maintain our rating as Accumulate with a target price of Rs.1,689, considering the expected gradual improvement in demand. * Volumes declined in Q1FY25 resulting in a revenue de-growth of 1.4% YoY driven by factors like heat wave and elections. However premium segments continued to perform well. ...

Accumulate Bata India Ltd For Target Rs. 1,689 By Geojit Financial Services Ltd

Source: Geojit Financial Services Ltd
2024-08-21 10:46:25 am

Muted topline, margins lower due to higher ad spend & IT cost, maintain NEUTRAL! Result Synopsis Bata India’s topline remained flattish on YoY basis at Rs9.45Bn (6% below consensus estimates). Company opened ~54 new stores (COCO + franchise) during the quarter, of which ~33 franchise stores were added, primarily in Tier-III&V cities. Also, Bata launched its 2nd Power EBO in Delhi. Operating margins contracted meaningfully to 19.6% Vs 25%/22.8% in Q1FY24/Q4FY24 respectively...

Neutral Bata India Ltd For Target Rs.1,453 By Yes Securities

Source: Yes Securities Ltd
2024-08-11 10:06:18 am

Bata India trades higher on the BSE

Bata India is currently trading at Rs. 1540.35, up by 11.00 points or 0.72% from its previous closing of Rs. 1529.35 on the BSE. The scrip opened at Rs. 1524.45 and has touched a high and low of Rs. 1541.35 and Rs. 1515.05 respectively. So far 3034 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1770.10 on 07-Aug-2023 and a 52 week low of Rs. 1269.00 on 04-Jun-2024. Last one week high and low of the scrip stood ...

Bata India trades higher on the BSE

Bata India trades higher on the BSE

Source: Accord Fintech
2024-07-19 11:23:33 am

Weak distribution channel drags down performance * BATA revenue grew 2% YoY (in line) in 4QFY24, dragged down by weakness in the distribution channel and the mass segment. Improvement in gross margins (+170bp YoY) was offset by weak SSSG and high SG&A, which led to a 50bp YoY contraction in EBITDA margins. * Persistent softness, particularly in the value segment (<INR1,000 ASP), remains a drag. However, a steady network rollout and a product revamp (including apparels and sneake...

Neutral Bata India Ltd For Target Rs.1,400 By Motilal Oswal Financial Services

Source: Motilal Oswal Financial Services
2024-07-03 02:08:07 pm

Softness in operating profitability drags PAT down * BATA’s EBITDA/PAT declined 11%/30% YoY (miss) as revenue remained flat. A gross margin improvement of 130bp YoY was offset by higher operating expenses. Store additions continued as the company added 54 new stores, with a total store count of 2,204 (including Shop-in-Shops). * Continued softness, particularly within the value segment (We reiterate our Neutral rating on the stock with a TP of INR1,480. Soft revenue growth and ...

Neutral Bata India Ltd For Target Price 1,480 By Motilal Oswal Financial Services Ltd

Source: Motilal Oswal Financial Services Ltd
2024-06-03 12:28:30 pm

Accumulate Bata India Ltd for Target Rs. 1,670 - Geojit Financial Services Ltd

High ad spends to push demand Bata India Ltd. (BIL) is the largest retailer and leading manufacturer of footwear in India, with 1,835 retail store presence in 1518 towns (Dec 2023). • We downgrade our rating to Accumulate with a revised target price of Rs.1,670, considering the demand weakness in mass market segment. • Revenue growth was muted YoY in Q3FY24, impacted by weakness in the mass segment. However, premium segments recorded strong growth, resulting in gross margin...

Accumulate Bata India Ltd for Target Rs. 1,670 - Geojit Financial Services Ltd

Accumulate Bata India Ltd for Target Rs. 1,670 - Geojit Financial Services Ltd

Source: Geojit Financial Services Ltd
2024-03-12 12:32:02 pm

Buy Bata India Ltd for target Rs. 1,870 - Geojit Financial Services Ltd.

Asset light expansion to improve margins gradually. Bata India Ltd. (BIL) is the largest retailer and leading manufacturer of footwear in India, with 2,150 retail store presence in 725 cities (Dec 2023). • We upgrade our rating to BUY with a target price of Rs.1,870, considering the improvement in margins. • Revenue declined by a 1.3%YoY in Q2FY24, partially impacted by the shift in the festive season and lower demand in the mass segment. BIL expects growth in both mass and...

Buy Bata India Ltd for target Rs. 1,870 - Geojit Financial Services Ltd.

Buy Bata India Ltd for target Rs. 1,870 - Geojit Financial Services Ltd.

Source: Geojit Financial Services Ltd
2023-12-27 02:03:57 pm

Foot Locker to step into India, inks deals with Metro Brands, Nykaa

Foot Locker will enter the Indian market in 2024 in partnership with local peer Metro Brands and cosmetics-to-fashion retailer Nykaa, the U.S.-based athleisure chain said on Wednesday, giving it a much wider global footprint. Metro Brands, which has over 700 stores across India, will exclusively own and operate Foot Locker stores in the country and focus on selling shoes from brands such as Nike and Adidas. Nykaa Fashion, owned by FSN E-Commerce Ventures, will operate Foot Locker's ...

Foot Locker to step into India, inks deals with Metro Brands, Nykaa

Foot Locker to step into India, inks deals with Metro Brands, Nykaa

Source: Reuters
2023-11-30 09:48:04 am

Footwear maker Bata India`s profit slides 38% on one-time charge

Bata India reported a 38% fall in second-quarter profit on Wednesday, hurt by a one-time charge and as inflationary pressures kept footfalls at its shoe outlets in check. The footwear maker said its consolidated profit fell to 339.9 million rupees ($4.1 million) in the July-September quarter, from 548.2 million rupees in the year-ago quarter. The latest quarter's results included a 409 million rupees charge related to a voluntary retirement scheme at one of its manufacturing units. ...

Footwear maker Bata India`s profit slides 38% on one-time charge

Footwear maker Bata India`s profit slides 38% on one-time charge

Source: Reuters
2023-11-09 09:39:41 am