New Delhi : Footwear major Bata India posted a 55.2 per cent rise in net profit at Rs 92.2 crore for the first quarter ended June. The company had posted a net profit of Rs 59.4 crore during the same period last fiscal. Net sales rose to Rs 680.4 crore.
“The supply chain issues have now been resolved and we are on the growth trajectory with many new initiatives planned for the coming year,” Bata India, Group Managing Director, South Asia, Rajeev Gopalakrishnan said. The company will be expanding product offering, focussing on the same store growth and develop e-commerce business to reach out to consumers even in the remote markets, he added. Bata India is the largest footwear retailer in India.
