Bata Q1 net profit rises 7%
   
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Bata Q1 net profit rises 7%

Last Updated: Thursday, April 25, 2013, 19:17
 
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Bata Q1 net profit rises 7%
New Delhi: Footwear retailer Bata India Thursday reported nearly 7 percent increase in its standalone net profit for the quarter ended March 31 at Rs 38.46 crore.

The company had posted a net profit of Rs 36 crore in the corresponding period last year, Bata India said in a release.

The standalone net income during the first quarter also went up by 11.80 percent to Rs 453.87 crore from Rs 405.95 crore in the year-ago period, it added.

Commenting on the numbers, Bata India Group Managing Director Rajeev Gopalakrishnan said: "Despite the existing market conditions, we achieved a double-digit growth in this quarter. We undertook various initiatives that have helped up continue to maintain our foothold in such a volatile market condition."

The company hopes the market condition at ease very soon and better growth in the quarters to come, he added.

"We've focused on categories like ladies, non-footwear in addition to others and we've seen encouraging results," Gopalakrishnan said.

The shares of Bata India Thursday closed 3.51 percent down at Rs 704.75 apiece on BSE.

PTI



First Published: Thursday, April 25, 2013, 19:17


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