Dolat Capital: Footwear Industry Sees Gradual Recovery
Customers browse shoes inside Bata India Ltd. store in Ghaziabad, India. (Photographer Prashanth Vishwanathan/Bloomberg)

Dolat Capital: Footwear Industry Sees 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

During our latest ground survey in the western market, we focused mainly on Bata India Ltd.’s footwear demand, new schemes, recent launches, and store manager’s confidence level.

In addition, discounts, promotions and recent marketing campaigns were also taken into account while interacting with the store managers.

Our checks suggest that the retail segment for Bata is recovering gradually. However, store managers are still uncertain about recovery of supply until the pandemic is over.

We believe that Bata would continue to register weak sales and muted operational performance on YoY basis in Q3 FY21E.

Click on the attachment to read the full report:

Dolat Capital Lens View Footwear Sector Update.pdf

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