Bata India - Expect Gradual Recovery Post Q3: Dolat Capital  
Customers browse a newly opened Bata store in Ghaziabad. (Photographer: Prashanth Vishwanathan/Bloomberg)

Bata India - Expect Gradual Recovery Post Q3: Dolat Capital  

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 Q3 FY21 revenues were broadly in line with our estimate but Ebitda and profit after tax was a miss. Sequential recovery was encouraging.

Continuous addition of stores, new promotional activities and procuring institutional contracts would help the company to recover.

Post re-opening of markets, most of the retail businesses have reached to pre-Covid-19 level. With opening of schools and offices, we believe that Bata would also regain lost momentum.

Our recent channel check suggests that the casual and sports category has bounced during the end of Q3 FY21.

Click on the attachment to read the full report:

Dolat Capital Bata India Q3FY21 Result Update.pdf

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