Bata India Q3 results: Net profit grows 1.2% to Rs 58.7 cr, revenue up 1.7%

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Bata India Q3 results: Net profit grows 1.2% to Rs 58.7 cr, revenue up 1.7% - Business Standard

Quick Summary:

Leading shoemaker Bata India Ltd on Monday reported a marginal increase of 1.2 per cent in consolidated net profit at Rs 58.7 crore for the third quarter ended December 2024 on account of exceptional items.

"The results for the quarter also include a one-time exceptional expenditure of Rs 10.8 crore towards VRS in our factory - consistent with our long-term strategy towards building capability, agility and efficiency in our supply chain," it added.

The company has "a volume-led revenue growth" and "EBIDTA margin expanded by 141 basis points, resulting in a PAT of Rs 58 crore," said Bata India in its earning statement.