The net profit of Bata India Ltd rose by a modest 3.8 per cent during the second quarter of the current fiscal rising to RS 39.01 crores from Rs 37.59 crores a year ago. This came on the back of a 13.1 per cent increase in net income which stood at Rs 547.65 crores.
Group Managing Director Bata Emerging Markets, Bata India Ltd., Rajeev Gopalakrishnan said, "The quarterly performamce reflected the company’s focus on quality sales and growth.” He said that the company had aggressive growth plans on new format stores.
He said that Bata India will be opening over 100 new stores this year and stocking them with new and contemporary designs for men, women and children. With over 1400 Bata Shoe stores, BIL is India’s largest footwear retailer with a presence in over 500 cities.
The company also said that its Board has decided to extend the financial year by three months upto March 2015.
