Footwear Industry Check - Early Signs Of Revival: 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.We interacted with store managers at Bata India Ltd. in western market to analyse the ground situation post lifting of second Covid-19 wave restrictions. We focused mainly on Bata footwear demand, price increases, new schemes, discounts, recent launches, and store manager’s confidence level. Key takeaways:Bata store managers indicated that while footfalls have declined, conversion rate of footfalls to sales has increased significantly. This implies that only consumers who are eager to buy with urgency are visiting stores and window shopping has declined drastically.Few store managers have confirmed that the new finished goods are priced 10-25% higher compared to earlier. The company has taken price hikes to mitigate increase in raw material costs.  Most of the stores witnessed high demand during July and August 2021 – post re-opening of stores. However, the demand declined significantly during September..Click on the attachment to read the full report:.DISCLAIMERThis 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 author entity 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.

Footwear Industry Check - Early Signs Of Revival: Dolat Capital

Footwear Industry Check - Early Signs Of Revival: Dolat Capital

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