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Bata India share price drops by 3% !

Bata India's poor operating performance during the September quarter of the fiscal year 2025 (Q2FY25) was the primary cause of the share price decline.

Bata India share price drops by 3% !

Bata India share price drops by 3% !

On Tuesday, November 5, 2024, shares of Bata India, a footwear maker, fell as much as 3.04 percent to an intraday low of Rs 1,296.15 per share. Bata India’s poor operating performance during the September quarter of the fiscal year 2025 (Q2FY25) was the primary cause of the share price decline.

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The company’s operational profit, or earnings before interest, taxes, depreciation, and amortization (Ebitda), decreased 4% year over year (Y-o-Y) from Rs 181.6 crore in Q2FY24 to Rs 174.5 crore in Q2FY25. Consequently, the EBITDA margin decreased by 140 basis points (bps) to 20.8% in the September quarter of FY25 from 22.2% in the same period the previous year.

Bata India share price drops by 3% !

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Overall, the company’s earnings, or bottom line, increased by 53% yearly to Rs 52 crore from Rs 34 crore in the same quarter the previous year. Additionally, the company’s operating revenue increased by 2.2% yearly from Rs 819.1 crore in Q2FY24 to Rs 837.1 crore in Q2FY25.

With a wide selection of footwear for men, women, and kids, Bata India is the biggest shoe maker and retailer in the nation. In addition to clothing like joggers, shorts, t-shirts, polos, and tights, the company’s wide range of shoes includes running, training, walking, formal, and casual styles. Well-known brands like Bata, Hush Puppies, NINE WEST, North Star, Power, Bata Red Label, BATA COMFIT, Bubblegummers, Disney, Naturalizer, Marie Claire, Scholl, Floatz By Bata, and Weinbrenner are all part of Bata India’s portfolio.

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