Bata India, the leading footwear company in India, reported strong growth in its net profit and revenue for the fourth quarter of the fiscal year 2022-23.
The company’s consolidated net profit grew by 4.22% to Rs 65.62 crore for the quarter ended March 2023, from Rs 63 crore in the corresponding quarter of the previous fiscal year.
Bata India’s revenue from operations also grew by 17.03% to Rs 778.58 crore for the quarter ended March 2023, from Rs 665.3 crore in the corresponding quarter of the previous fiscal year.
The company attributed the growth in its net profit and revenue to a number of factors, including strong sales growth across all channels, increased focus on new product development, and cost optimization initiatives.
Bata India is confident of continuing its growth momentum in the coming quarters. The company plans to focus on expanding its retail network, launching new products, and strengthening its brand presence in India and abroad.
The company’s strong performance in the fourth quarter is a positive sign for the Indian economy. It indicates that the economy is recovering from the impact of the COVID-19 pandemic and is on track to grow in the coming quarters.