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Bata registers 4.14 pct fall in Q2 profit

| | Aug 06, 2014, at 08:48 am
New Delhi, Aug 5 (IBNS): Footwear retailer and manufacturer Bata India on Tuesday said it has registered a 4.14 percent decline in standalone net profit to stand at Rs 59.37 crore for the second quarter which ended on June 30.

The company's Q2 revenue grew to Rs. 621.58 crores representing an increase of 8.6  percent over the same period of last year, and operating profit stood at Rs. 81.73 crores.

Rajeev Gopalakrishnan, Group Managing Director, Bata Emerging Markets, Bata India Limited said, “The aggressive retail expansion and renovation of stores, aspirational designs and addition of a wider range of accessories like bags, sunglasses, belts to our product portfolio, the expectation is to increase this growth momentum on the back of increase in consumer confidence level as we move through the year.”
 

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