Dolat Capital: Bata India Q2 Review - Revenue Broadly In-Line;  Expect Gradual Recovery
Customers browse shoes inside a newly opened Bata India Ltd. store in Ghaziabad, India. (Photographer Prashanth Vishwanathan/Bloomberg)

Dolat Capital: Bata India Q2 Review - Revenue Broadly In-Line; Expect Gradual Recovery

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.

Click on the attachment to read the full report:

Dolat Capital Bata India Q2FY21 Result Update.pdf

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 brokerage 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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.