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