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Bata India Results: Latest Quarterly Results & Analysis

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Bata India Ltd. 29 May 2026 15:46 PM
Result PDF

Q4FY26 & FY26 Result Announced for Bata India Ltd.

Footwear company Bata India announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

  • The Revenue from Operations for Q4FY26 stood at Rs 8,276.26 million, representing a decline of 12.39% QoQ from Rs 9,446.81 million in Q3FY26 and a growth of 5.00% YoY compared to Rs 7,882.14 million in Q4FY25.
  • Total Income for the quarter was Rs 8,473.80 million, down 12.25% QoQ from Rs 9,657.23 million and up 4.48% YoY from Rs 8,110.13 million.
  • The Net Profit for Q4FY26 was Rs 22.08 million, showing a significant decrease of 96.66% QoQ from Rs 661.02 million and a decline of 95.19% YoY compared to Rs 459.15 million in Q4FY25.
  • For the full year ended March 31, 2026 (FY26), Revenue from Operations reached Rs 35,154.95 million, a slight increase of 0.77% compared to Rs 34,887.86 million in FY25.
  • Total Income for FY26 was Rs 35,947.02 million, recording a growth of 1.08% YoY from Rs 35,562.73 million in FY25.
  • The Consolidated Net Profit for the full year FY26 stood at Rs 1,342.04 million, marking a decline of 59.41% compared to Rs 3,306.56 million in FY25.

Standalone Financial Highlights:

  • Revenue from Operations for Q4FY26 was Rs 8,276.26 million, a decline of 12.39% QoQ from Rs 9,446.81 million and an increase of 5.06% YoY from Rs 7,877.70 million in Q4FY25.
  • Total Income for the quarter stood at Rs 8,471.41 million, down 12.27% QoQ compared to Rs 9,656.10 million in Q3FY26, and up 4.54% YoY compared to Rs 8,103.88 million.
  • The Standalone Net Profit for Q4FY26 was Rs 20.69 million, representing a decrease of 96.87% QoQ from Rs 660.31 million and a decline of 95.25% YoY from Rs 435.51 million in Q4FY25.
  • For FY26, standalone Revenue from Operations was Rs 35,154.84 million, up by 0.79% compared to Rs 34,880.26 million in FY25.
  • The Standalone Net Profit for FY26 was Rs 1,335.59 million, reflecting a decline of 59.34% compared to Rs 3,284.49 million in FY25.

Business Highlights:

  • Segment Performance: The Company operates in a single business segment, i.e., Footwear and Accessories.
  • Dividend: The Board of Directors has recommended a final dividend of Rs 9.00 per share (180%) on an equity share of par value of Rs 5/- each for the financial year ended March 31, 2026.
  • Exceptional Items:
    • The company implemented a voluntary retirement scheme ("VRS") resulting in an expenditure of Rs 423.66 million for the year ended March 31, 2026, of which Rs 280.60 million was incurred during Q4FY26.
    • The company assessed financial implications of new Labour Codes, resulting in an increase in gratuity and leave liability arising out of past service cost by Rs 66.66 million, disclosed as an exceptional item.
  • Foreign Exchange Impact: Other expenses include a foreign exchange loss of Rs 223.74 million arising from the translation of a liability related to license rights as at March 31, 2026. This loss is primarily attributable to significant volatility in the exchange rates of USD to INR as an effect of the ongoing geopolitical developments in the Middle East.
  • Asset Sale (FY25): The results for the previous year (FY25) included a gain on the sale of freehold industrial land amounting to Rs 1,339.52 million (net of related expenses), which was disclosed as an exceptional item.

Gunjan Shah, Managing Director, CEO, Bata India, said: “As India’s most trusted shoes brand, we are pleased to report volume-led growth of 5% over Q4FY25, supported by broad-based performance across channels. This is the second consecutive quarter of accelerating topline growth, further strengthened by sequential improvement during the quarter. Our continued focus on operational efficiency and disciplined cost management helped us generate strong operating cash flows. We also continued to invest in demand generation, consumer engagement and brand relevance, with advertising spends increasing by 1.5 times.

Our focus on network penetration, premiumisation, disciplined resource allocation and strong execution remained central to driving performance. During the quarter, we continued to scale key strategic initiatives.”

Result PDF

Result PDF

Footwear company Bata India announced Q3FY26 results

  • Revenue from operations for the quarter grew by 3% to Rs 9,446.81 million vs Rs 9,187.94 million in Q3FY25.
  • Profit before exceptional item and tax for the quarter grew by 10% to Rs 967.97 million vs Rs 880.89 million for Q3FY25.
  • Profit before Tax grew by 15% to Rs 888.72 million vs Rs 773.05 million for Q3FY25.

Gunjan Shah, MD & CEO. Bata India, said: “The improvement in demand, post roll out of GST 2.0, continued during the quarter along with few green shoots, leading to strong EBIDTA performance backed by sales and margin growth. All channels delivered growth during the quarter with solid gross margin management. Overall, our results this quarter demonstrates disciplined execution of the key strategic levers across channels.

Below are the key highlights:

  • Premium products showing robust growth in brands like Hush Puppies and Power.
  • Fresh sales contribution continues to grow on QoQ basis.
  • Added 27 Franchise Stores in the quarter.
  • Zero Base Merchandising (ZBM) Project was scaled to 400 stores bringing sustained results in Consumer experience and revenue per sqft.
  • Inventory efficiencies both in terms of quantity and quality continued to show strong progress.
  • Gross inventory reduction was @11%.

Our initiatives in decluttering, inventory freshness & cost efficiencies helped us in driving operating margins leverage.

Continued marketing investments and thrust on strategic levers - product, channels and inventory, keeps us enthusiastic for the future, against the backdrop of GST 2.0.”

Result PDF

Footwear company Bata India announced Q2FY26 results

  • Revenue from operations for the quarter stood at Rs 8,013 million, vs Rs 8,371 million in Q2FY25,
  • EBIDTA for the quarter stood at Rs 1,664 million vs Rs 1,918 million for Q2FY25.

Gunjan Shah, MD & CEO, Bata India, said: “With the roll out of GST 2.0 and pre-festive buying enthusiasm, the demand has started to revive. While overall Quarter 2 did have muted demand adversely impacted by the GST 2.0 transition, we are seeing positive signs of recovery this festive season post 22nd Sept. We reported revenue of Rs 8,013 Million with key highlights:

  • Premium products showing robust growth in brands like Hush Puppies and Power.
  • Our Victoria Ballerina campaign touched the right chords and attracted female customers, helping us gain additional 1% in the Sales mix.
  • We also achieved highest weekly pairage contribution from our Power Easy Slide collection.
  • We passed on the GST benefits to our customers much prior to the official announcements, to unclog the demand pipeline.
  • We added 30 Franchise Stores in the quarter as we continue to expand in smaller towns /semiurban markets.

We continue to accelerate on managing inventory, merchandising and decluttering initiatives. In line with our long-term strategy towards bringing best-in-class efficiency standards, we have undertaken another VRS in one of our manufacturing units.

We remain cautiously optimistic about recovery towards balance of this year, backed by our strong market positioning and wide network while maintaining strong focus on cost efficiencies.”

Result PDF

Footwear company Bata India announced Q1FY26 results

  • Revenue from operations for Q1FY26 stood at Rs 9,419 million vs Rs 9,446 million for Q1FY25 on consolidated basis.
  • Consolidated Net Profit stood at Rs 520 million.

Gunjan Shah, MD & CEO, Bata India, said: “The quarter witnessed headwinds accentuated by fluctuating weather patterns and geopolitical uncertainties. Amidst these and considering the demand trends, we pushed ahead with our affordability initiatives across categories to drive volume-based growth. We reported revenue of Rs 9,419 million, broadly stable on a YoY basis. However, we are encouraged by the strong resilience in our premium brands like Hush Puppies, Comfit and Floatz.

Our initiatives on inventory, merchandising and decluttering continue to work well. We added 20 Franchise Stores in the quarter, driven by the franchise model focused on town expansion/semi-urban markets.

We continue to maintain a balanced approach between managing near-term challenges and investing in long-term growth drivers. We are optimistic about consumption recovery towards balance of this year, backed by our strong market positioning and wide network while maintaining strong focus on cost efficiencies.”

Result PDF

Footwear company Bata India announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Revenue from operations for the quarter stood at Rs 7,877.70 million vs. Rs 7,976.74 million for Q4FY24.
  • The Operating Profit for the quarter stood at Rs 374.09 million vs. Rs 582.65 million for Q4FY24.

FY25 Financial Highlights:

  • Revenue from operations for the year stood at Rs 34,880.26 million vs. Rs 34,784.13 million for FY24.
  • PAT stood at Rs 3,284.49 million for FY25 compared to Rs 2,599.25 million for FY24

Speaking on the Q4FY25 performance, Gunjan Shah, MD and CEO - Bata India, stated: “Despite navigating through the demand headwinds persisting during the quarter, we managed to gain volumes and in line with our strategy of driving volume led growth. We continue to drive affordability and reducing complexity across categories. Our initiatives on inventory, merchandising and decluttering worked well and all key inventory metrices improved. We added 19 Franchise Stores in the quarter driven by franchise model focused on town expansion/semi-urban markets

Along with cautious control on costs and focus on efficiency and productivity, we continued to manage our inventory while having strong in deployment of fresh merchandise in anticipation of demand revival and consumption uptick.”

Result PDF

Footwear company Bata India announced Q3FY25 results

  • Revenue from operations for Q3FY25 at Rs 9,185 million, a volume led revenue growth, an increase of 1.7% over Rs 9,035 million for Q3FY24.
  • EBIDTA stood at Rs 2,087 million, showcasing consistent efficiency improvements through strategic initiatives.
  • The EBIDTA margin expanded by 141 bps, resulting in a PAT of Rs 582 million.

Gunjan Shah, MD and CEO, Bata India, said: “We continue to focus on our portfolio to attract new customers. To foster ease of choices for customers, we are driving affordability and reducing complexity across categories. On account of these initiatives, we are seeing significant volume growth after a long time. We also took benefit of the prolonged End of Season Sales to reduce ageing. Despite the muted demand, we managed to gain volumes. We saw double digit growth in Hush Puppies, through our premium offerings. These strategies helped us sustaining margins.

We saw robust growth in our e-commerce channel with new and revamped website. Our omni-channel initiatives like entry into quick-commerce, coupled with continuous expansion in newer towns, have significantly enhanced our market reach.

Our strategic brand collaborations with new-age icons like Kartik Aaryan, Jim Sarbh and Vir Das connected well with customers during the festive season. We unveiled Hush Puppies ‘The Party Ready’ collection featuring Jim Sarbh and welcomed Vir Das as India ambassador for Hush Puppies.

We remain optimistic about demand recovery basis concerted efforts on driving volume-based revenue growth, by offering affordability and freshness. We will continue to move ahead with cautious control on costs and focus on efficiency and productivity.”

Result PDF

Footwear company Bata India announced Q2FY25 results

Financial Highlights:

  • Revenue from operations for the Q2FY25 stood at Rs 8,371 million, compared to Rs 8,191 million in Q2FY24.
  • Operating Profit was reported at Rs 524 million.

Other Highlights:

  • Continued expansion with a network of 1955 (COCO and Franchise) stores.
  • 48 stores renovated in this year, elevating customer experience with style and technology propositions.
  • Successful execution of portfolio casualization strategy – Sneaker Studio implemented in 756 stores.
  • Net Promoter Score (NPS) improved to 80.
  • 4 Exclusive Brand Outlets (EBOs) for Power, 136 EBOs for Hush Puppies, 14 Kiosk for Floatz.
  • Launched limited-edition collections through strategic collaborations, including Bata Red Label x Emily in Paris and Hush Puppies x Peanuts.
  • Ahead of the festive season, launched Pujo Glam Collection.
  • Unveiled global campaign ‘Stronger Inside’ for Power and launched Energy Collection, democratising fitness at accessible prices.

Gunjan Shah, MD and CEO, Bata India, said: “Despite continuing market headwinds and subdued consumption, we saw some recovery in our growth trajectory through the quarter backed by focused execution of strategic initiatives. We are seeing strong validation of our premiumisation strategy across channels, with premium products showing robust growth and increased contribution to our revenue mix. Our Brand stories connected well with the targeted audience.

Our expansion through franchise stores in Tier 3-5 markets, combined with our robust digital presence, is helping us tap into new growth opportunities with a strengthened omnichannel approach. Our conscious efforts on Franchise model expansion are showing good results. Cost efficiency remains a cornerstone across all operations including manufacturing facilities.

We continue to maintain a balanced approach between managing near-term challenges and investing in long-term growth drivers. We are optimistic about consumption recovery in the coming quarters, backed by festive season momentum and our strong market positioning.”

Result PDF

Footwear company Bata India announced Q1FY25 results:

Financial Highlights: 

  • Revenue from operations for the quarter stood at Rs 9,446 million vs. Rs 9,581 million for Q1FY24.
  • The Net Profit stood at Rs 1,744 million. The results for the quarter demonstrate disciplined execution of our strategies on premiumisation, investment in marketing and technology, elevating customer experience, by maintaining Gross Margins in the face of sluggish consumption momentum during the quarter.
  • Bata also had a one-time gain on sale of property of Rs 1,340 million. The results for the quarter also incorporate a one-time expenditure of Rs 147 million in aggregate towards investments in technology.
  • Bata has also announced an interim dividend of Rs 10 per share, amounting to Rs 1,285.28 million.

Business Highlights:

  • Continued expansion with a network of 1,916 (COCO and Franchise) stores.
  • E-commerce performance was encouraging. Bata achieved significant growth in digital sales over the previous quarter.
  • Portfolio casualisation strategy continues to work well, with Sneaker category led by Power. Sneaker Studios and Floatz Kiosk expanded.
  • 37 stores were renovated during the quarter with significant thrust towards portfolio newness with style & technology propositions.
  • Launched an industry first promo for trying on shoes - “Try and Fly” campaign to draw footfalls

Speaking on the Q1FY25 performance, Gunjan Shah, MD and CEO - Bata India, stated: “Bata India navigated well through the slugging consumption environment further accentuated due to the elections and extreme heat wave in the last quarter. We sustained our gross margin with our premiumisation strategy while continuing investments in marketing and technology platforms.

We added 33 Franchise Stores in the quarter, primarily in Tier 3 – 5 towns to cater the demand for branded products and achieve better returns on capital. Bata also launched its 2nd Power EBO in Delhi.

Along with cautious control on costs and focus on efficiency and productivity, we continued to manage our inventory while having strong instore availability of fresh merchandise in anticipation of festive season driven consumption uptick.

Result PDF

Footwear company Bata India announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Revenue from operations for the quarter stood at Rs 7,976.74 million vs. Rs 7,785.85 million for Q4FY23.
  • The Operating Profit stood at Rs 582.65 million. The results for the quarter are a factor of resilience despite sluggish demand conditions to drive growth in a sustainable manner with strong margin performance.

FY24 Financial Highlights:

  • Revenue from operations for the year stood at Rs 34,784.13 million vs. Rs 34,515.68 million for FY23.
  • The Operating Profit stood at Rs 3,280.59 million for the year vs. Rs 3,882.79 million for FY23. With a positive outlook and to accelerate growth, significant investments behind brand and technology are continued.

Other Highlights:

  • Continued expansion with a network of 1,329 COCO and Franchise stores. On digital sales front, e-commerce performance was encouraging. Bata achieved significant growth in e-commerce sales for previous year.
  • The portfolio casualisation strategy continued to work well, with Sneaker category led by Power. Sneaker Studios expanded to 698 Stores. Floatz achieved highest ever quarterly turnover, enhanced by 11 Floatz Kiosk.
  • Bata also launched its 1st Power EBO launched in Noida. Another 5 to be opened shortly. To enhance customer experience, Bata continued to renovate stores. 67 stores were renovated during the quarter with significant thrust towards portfolio newness with style & technology propositions.
  • Major campaigns were launched building style & fashion forward Imagery through Marketing Campaigns - 10/10 Campaign and Engaging Youth with Always-On Influencers.
  • Bata continued to leverage its fixed cost across the value chain. ERP has gone live as per plan.

Speaking on the Q4FY24 performance, Gunjan Shah, MD and CEO - Bata India Limited, stated: “Bata India navigated well through the unforeseen sluggishness in the market driving towards sustainable growth led by brands backed by significant investments in marketing and technology. Our strategies helped us defending margins.

With cautious control on costs and focus on efficiency and productivity, we were able to defend our margin growth across channels and maintain our standing in premium segments across brands like Red Label, Comfit, Power. We added 24 Franchise Stores in the quarter, primarily in Tier 3 – 5 towns to cater the demand for branded products and achieve better returns on capital.

We are further bolstering our offering with international tie-ups, such as Hush Puppies and Nine West which saw a significant higher ASP driving premiumization. We are optimistic of demand revival going forward.”

Result PDF

Footwear company Bata India announced Q3FY24 results:

  • Revenue from operations for the quarter stood at Rs 9,035 million vs. Rs 9,002 million (Q3FY23), growth driven by premium categories, despite muted demand.
  • Gross Profit expanded by 119 bps for the quarter ended December 31, 2023
  • Network expansion – 54 net new stores, Franchise & COCO expansion.
  • 36 stores were renovated during the quarter to provide an elevated brand experience.
  • Successful execution of portfolio casualization strategy – Sneaker Studio implemented in 655 Stores.
  • Floatz business continues to do exceptionally well with growth of 65%, enhanced by the Floatz banner in 7 new stores.
  • Robust Ecom performance driving the growth.
  • Launched “Every Walk is a Ramp Walk” campaign enhancing Brand metrics significantly.
  • HPM - Merchandising project and ERP continue to progress.
  • 3PL implemented in Hosur.
  • Nine West is on track for launch in stores Q4FY24 onwards.

Speaking on the Q3FY24 performance, Gunjan Shah, MD and CEO - Bata India stated: “Despite persistent market headwinds accentuated in discretionary spending, we continued to invest in new product launches, enhancing customer experience and expanding our reach across channels & markets.

We saw handsome growth in Red Label, Floatz, Comfit, and Hush Puppies. Our strategy for premiumization continues progressively.

Prudent expansion of our Retail Network and marketing investments continue to be our key strategy. We launched our latest campaign “Every Walk is a Ramp Walk” which has met encouraging response and impact on the Brand.

We would continue to focus on efficiency and productivity backed by digital transformation for future readiness with cautious optimism.”

 

Result PDF

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