On a consolidated basis, the net profit of the footwear company rose 47.44 per cent to Rs 54.82 crore on a 35.1 per cent increase in net sales to Rs 829.76 crore in the second quarter of FY23 over the second quarter of FY22. The PBT of Rs 72.06 crore in Q2FY23, up 43.5 per cent over Rs 50.21 crore recorded in Q2FY22. Total expenses rose 34.1 per cent yearly to Rs 742.40 in the second quarter of FY23. The cost of raw materials and components consumed was Rs 74.72 crore, up 6 per cent, and employee expenses stood at Rs 107.05 crore, up 19.4 per cent.

There are 27 stores renovated and 30 new Franchise stores opened, taking the total number to 350 plus during this quarter. 

Also, the distribution channel continued with more than 1100 towns, as per the provisions of the company pending legal cases and old deposits amounting to Rs 11 crore.

Gunjan Shah, MD and CEO of Bata India, said that the festive is around the corner, and positive customer sentiments are also shown with increasing footfalls. We focus on Customer Experience improvement, and engagement has been reflected in the highest Net Promoter Score.

On the Bombay Stock Exchange (BSE), Bata India’s shares went down 1.77 per cent to Rs 1779.20.