Bata India Ltd., a leading footwear retailer, announced its financial results for the fourth quarter (Q4) and full fiscal year (FY24) ending March 31, 2024.
Q4FY24 Financial Highlights:
Revenue from Operations: ₹7,976.74 million (compared to ₹7,785.85 million in Q4FY23)
Operating Profit: ₹582.65 million
Net Profit: ₹63.65 crore (fell -3% since last year same period)
FY24 Financial Highlights:
Revenue from Operations: ₹34,784.13 million (compared to ₹34,515.68 million in FY23)
Operating Profit: ₹3,280.59 million (vs. ₹3,882.79 million for FY23)
Key Points:
Resilient Growth: Bata India demonstrated resilience in a challenging market environment, driving growth in a sustainable manner with strong margin performance.
Focus on Digital and Non-Metro Cities: The company is focusing on digital channels and expanding its presence in non-metro cities to drive future growth.
Strong Balance Sheet: Bata India maintains a healthy balance sheet with no debt and strong cash flow generation.
Additional Insights:
Mixed Quarterly Results: While Q4 revenue grew slightly, net profit declined compared to the same period last year.
Annual Growth: The company's annual revenue grew marginally, but operating profit declined compared to the previous year.
Strategic Focus: Bata India's focus on digital channels, non-metro markets, and new product launches is expected to support its growth in the long term.
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