Bata India Q4 Review - Subdued Demand Weighed On Performance: IDBI Capital

A customer looks at a Bata shoe inside a newly opened Bata India Ltd. store in Ghaziabad, India. (Photographer: Prashanth Vishwanathan/Bloomberg).

Bata India Q4 Review - Subdued Demand Weighed On Performance: IDBI Capital

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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.

IDBI Capital Report

Bata India Ltd.’s Q4 FY21 results were below our and consensus estimates on key parameters.

After a strong recovery in Q3 FY21, net sales growth took a pause amid weak demand.

Net sales declined by 4.9% YoY to Rs 5,899 million, while Ebitda came in at Rs 1,121 million, down by 19.7% YoY.

The company reported net profit of Rs 295 million, lower by 23.2% YoY.

The company resumed its advertising and branding initiatives with a new ad campaign in Q4 FY21.

The company further strengthened its e-commerce and omnichannel facilities to cover more pin codes across India.

Click on the attachment to read the full report:

IDBI Capital Bata India Q4FY21 Result Update.pdf

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