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.
Dolat Capital Report
Bata India Ltd.’s Q2 FY21 revenues were broadly in line with our estimate but Ebitda and profit after tax was a miss.
Sequential recovery was encouraging. Given that 25-30% of Bata stores are in malls, the company would take longer to witness revamp in footfalls.
Nevertheless, ongoing rent negotiations would help it restrict costs at the operating level.
The company witnessed strong revenue growth in past couple of years, mainly led by increase in average selling prices.
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