Bata India's January-March Profit Down 28% On Year; 2024-25 Profit Up 26%

Bata India Ltd.'s net profit for the March quarter dropped 27.8% on year to ₹435.51 million, missing analysts' estimate of ₹549.29 million. Revenue from operations fell 1.2% to ₹7.88 billion. Sequentially, profit fell 25.1% and revenue declined 14.2%.

Total expenditure in the quarter rose to ₹7.5 billion from ₹7.39 billion a year ago. Finance cost increased to ₹347.59 million from ₹309.2 million. Other income was steady at ₹221.14 million. Tax outgo fell to ₹159.72 million from ₹199.92 million a year ago.

For 2024-2025, the company's net profit jumped 26.4% to ₹3.28 billion, while revenue inched up 0.3% to ₹34.88 billion. Bata India will pay a final dividend of ₹9 per share.