Bata India's Apr-Jun net profit rises 28%

The company had posted a net profit of Rs 40.99 crore in the corresponding period last year, Bata India said in a filing to the BSE.

New Delhi: Footwear and accessories maker Bata India Thursday reported 28.45 percent increase in its standalone net profit for the quarter ended June 30 at Rs 52.65 crore.

The company had posted a net profit of Rs 40.99 crore in the corresponding period last year, Bata India said in a filing to the BSE.

The net income during the quarter went up by 17.16 percent to Rs 506.51 crore from Rs 432.32 crore in the year-ago period, it added.

The board of directors in a meeting Thursday appointed Gigi Abraham as the company's Group Brands Director with immediate effect for a period of five years.

Shares of the company closed 1.28 percent down at Rs 894.30 apiece on the BSE.

PTI