The company had posted a consolidated net profit of RS 174 Crore in the corresponding last tax quarter, said Bata India in a regulatory application.
Consolidated income from activities in the first quarter were on RS 941.85 Crore against RS 944.63 Crore in the period of a year ago, it added.
Bata India said during the quarter ending on June 30, 2024 and the year ending on March 31, 2025, the Holding Board of Directors approved the sale of a Freehold industrial land for a non -related party for a consideration of RS 156 Crore.
The deed of sale has been carried out and the total consideration was also received on the same date. There is a profit on the sale of the aforementioned country (net of related costs) of RS 133.95 Crore, which was announced as an exceptional item for the quarter of a year ago, it added.
The total expenditure in the revision of the quarter were higher on RS 884 Crore compared to RS 878 Crore in the same period last tax tax. “The quarter was witnessed by headwind accentuated by fluctuating weather patterns and geopolitical uncertainties. In the midst of these and given the demand trends, we have implemented our affordability initiatives on categories to stimulate volume -based growth,” said Bata India Shah. The company said that the results for the quarter “demonstrate the disciplined implementation of our strategies for affordability, investment in marketing and technology, elevated the customer experience in the light of the slow consumption -momentum in the quarter”. Shah said about the prospects: “We are optimistic about the consumption recovery compared to this year, supported by our strong market positioning and a wide network while maintaining a strong focus on cost efficiency.”
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