During this quarter, the company continued its expansion efforts, operating a network of 30 stores in close to 25 cities, with both franchise and shop-in-shop (SIS) outlets contributing to over 39 percent of the company s presence.
Bata issued a ‘clarification’ saying that the company is “continuing to explore opportunities for strategic alliance / collaborations / tie-up for the Indian market” and would disclose this information as and when it happens.
Bata India Q2 Results: Bata India reported a net profit of Rs 37.18 crore in the September quarter, compared to a net loss of Rs 44.31 crore in the corresponding quarter last year.
Bata India also announced the appointment of Vidhya Srinivasan as a Director Finance and CFO (Key Managerial Personnel) (Whole-time Director) of the company for five consecutive years with immediate effect.
Bata India Share Price Today: On Thursday, Bata India opened on the BSE at Rs 1,540, swinging to an intra day high of Rs 1,657.50 and an intra day low of Rs 1,540, so far.