BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
Bata India Ltd. has devised new strategies that would aid in providing thrust to revenue growth.
It is tweaking the product portfolio in favour of casual footwear that is experiencing higher demand. It is providing more visibility at stores for younger brands like Hush Puppies, Power and North Star.
Channel checks suggest a healthy recovery in August-September with discretionary retailers witnessing recovery rate of more than 80% of pre-Covid-19 levels.
Bata India has scaled up its digital initiatives with e-commerce contributing around 15% in FY21 from a low single digit share in FY20.
It has introduced around 5,000 new styles on its website.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.