Latest news with #GunjanShah
The Hindu
6 days ago
- Business
- The Hindu
Bata India pushes ahead affordability initiatives to drive volume-based growth
In an adverse business climate, footwear major Bata India Ltd. focused on providing affordable products across categories to drive growth, it's MD & CEO said. 'Amidst headwinds accentuated by fluctuating weather patterns and geopolitical uncertainties, we pushed ahead our affordability initiatives across categories to drive volume-based growth,' said Gunjan Shah, MD & CEO, Bata India Ltd. 'We are encouraged by strong resilience in our premium brands like Hush Puppies Comfit and Floatz,' he said. The company's Zero Base Merchandising Project—aimed at optimising assortments and enhancing in-store experience—was scaled up to 194 stores during the first quarter. It also launched several new collections, including the Tropical Breeze range, Power Easy Slide and Power Move+, alongside the 'Ease, Please' campaign with brand ambassador Vir Das introducing the new Office Sneakers line. The company expanded its footprint with 20 new franchise stores, focusing on semi-urban markets and town expansion. 'We continue to maintain a balanced approach between managing near-term challenges and investing in long-term growth drivers,' Mr. Shah said. '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,' he added. In Q1 FY26 the company's revenue from operations stood at ₹942 crore for the quarter ended June 30, 2025, broadly stable compared to the same period last year. Net profit was down 70% YoY to ₹52 crore from ₹174 crore a year ago. However, it reported a steady operational performance in the first quarter of FY26, with Earning Before Interest and Taxes (EBIT) rising 7% year-on-year, driven by disciplined cost control and sharper inventory management. The company attributed its operational gains to ongoing initiatives that improve stock turns, forecast accuracy, and merchandising agility. The quarter also included an exceptional cost of ₹4.3 crore linked to strategic initiatives aimed at making the business more asset-light and agile. Adjusted for last year's one-time gain from a land sale, the company delivered EBIT growth YoY, it said. With over 1,950 stores, a franchise network, and omni-channel presence, Bata India said it continues to position itself as a market leader in 'blending fashion and comfort', catering to over 260,000 customers daily.
News18
6 days ago
- Business
- News18
Bata Q1 Results: Net Profit Declines, Adjusted EBIT Rises 7% QoQ; Company To Eye Smaller Markets
Last Updated: Bata India's revenue from operations stands at 941.85 crore for the quarter ended June 30, 2025, almost similar as the Rs 944.63 crore reported a year ago. Shares of leading shoemaker Bata India Ltd on Thursday declined 6.5% after the company's weak Q1 FY26 numbers, with the company reporting a 70% YoY decline in its consolidated net profit to Rs 52 crore. However, the stock recovered in the last leg of the session and was trading at Rs 1,052.9 apiece on the NSE, which is nearly 4% down over the previous close of Rs 1,025.1. The company had posted a consolidated net profit of Rs 174 crore in the corresponding quarter last fiscal. However, Bata India has reported a 7% year-on-year rise in EBIT. Its revenue from operations stood at 941.85 crore for the quarter ended June 30, 2025, almost similar as the Rs 944.63 crore reported a year ago. 'Encouraged by Strong Resilience In Premium Brands' 'Amidst headwinds accentuated by fluctuating weather patterns and geopolitical uncertainties, we pushed ahead our affordability initiatives across categories to drive volume-based growth. We reported revenue of Rs 941.9 crore, broadly stable on a YoY basis. However, we are encouraged by strong resilience in our premium brands like Hush Puppies Comfit and Floatz," said Gunjan Shah, MD & CEO, Bata India Limited. Bata expanded its footprint with 20 new franchise stores, focusing on semi-urban markets and town expansion. '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," Shah added. Bata India, which has reported a better performance in tier III to tier V markets, expects about 30 per cent of its revenue from these areas in the next couple of years, the company's MD & CEO Gunjan Shah said. 'A lot of expansion" of Bata India's franchise stores is happening in these smaller towns as the company 'senses very clearly" their growth potential, Shah told PTI in a virtual interaction after the company's AGM. Value-for-money products by the leading shoemaker, providing value to consumers, he said. The quarter also included an exceptional cost of Rs 4.3 crore linked to strategic initiatives aimed at making the business more asset-light and agile. Adjusted for last year's one-time gain from a land sale, the company delivered EBIT growth year-on-year. With over 1,950 stores, a strong franchise network, and omni-channel presence, Bata India continues to position itself as a market leader in blending fashion and comfort, catering to over 260,000 customers daily. view comments Location : New Delhi, India, India First Published: August 14, 2025, 15:26 IST News business Bata Q1 Results: Net Profit Declines, Adjusted EBIT Rises 7% QoQ; Company To Eye Smaller Markets Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
13-08-2025
- Business
- Time of India
Bata hopes to make Floatz Rs 800cr brand in 5 years
Footwear major Bata hopes to make Floatz a Rs 800-crore brand in the next five years. Conceived in India, Floatz has been the fastest to touch the Rs 100-crore mark among Bata's brands, disclosed MD Gunjan Shah during an interaction after the company's AGM on Tuesday. Pointing out that Floatz had crossed Rs 100-crore business mark in less than 4 years, Shah said the company was bullish about the brand and had invested over Rs 20 crore for the product. "I do not see any reason why this brand would not touch Rs 800 crore in the next 4-5 years. We shall bring in more innovations," he said. Speaking of other brands, Shah said Power is now a Rs 500-crore brand and constitutes 15% of Bata India 's turnover. The flagship brand — Bata — constitutes 70% of the revenue of the company. While admitting that the demand this fiscal was soft, the MD said that the company was betting big on the festive season. Commenting on retail expansion, Shah said that in the next few years, it would happen primarily through franchisee model. Of Bata's 2,000 stores in the country, 628 are franchisee stores. "In less than four years, franchisee stores have gone up to 600 from only 100. We shall enter 500 new towns through these stores," he said and added that in years to come, 80% of new stores would be franchisee-owned. Earlier, Bata India chairman Ashwani Windlass pointed out that the MNC was going through major restructuring globally and in India. "Our primary focus would be product development. There would be a focus on efficiency. E-commerce would be a significant part of the portfolio," he had said.
Time of India
12-08-2025
- Business
- Time of India
Bata hopes to make Floatz Rs 800cr brand in 5 years
1 2 Kolkata: Footwear major Bata hopes to make Floatz a Rs 800-crore brand in the next five years. Conceived in India, Floatz has been the fastest to touch the Rs 100-crore mark among Bata's brands, disclosed MD Gunjan Shah during an interaction after the company's AGM on Tuesday. Pointing out that Floatz had crossed Rs 100-crore business mark in less than 4 years, Shah said the company was bullish about the brand and had invested over Rs 20 crore for the product. "I do not see any reason why this brand would not touch Rs 800 crore in the next 4-5 years. We shall bring in more innovations," he said. Speaking of other brands, Shah said Power is now a Rs 500-crore brand and constitutes 15% of Bata India's turnover. The flagship brand — Bata — constitutes 70% of the revenue of the company. While admitting that the demand this fiscal was soft, the MD said that the company was betting big on the festive season. You Can Also Check: Kolkata AQI | Weather in Kolkata | Bank Holidays in Kolkata | Public Holidays in Kolkata | Gold Rates Today in Kolkata | Silver Rates Today in Kolkata Commenting on retail expansion, Shah said that in the next few years, it would happen primarily through franchisee model. Of Bata's 2,000 stores in the country, 628 are franchisee stores. "In less than four years, franchisee stores have gone up to 600 from only 100. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like This is What Your Fingers Say About Your Personality Tips and Tricks Undo We shall enter 500 new towns through these stores," he said and added that in years to come, 80% of new stores would be franchisee-owned. Earlier, Bata India chairman Ashwani Windlass pointed out that the MNC was going through major restructuring globally and in India. "Our primary focus would be product development. There would be a focus on efficiency. E-commerce would be a significant part of the portfolio," he had said. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
News18
12-08-2025
- Business
- News18
Bata expects 1/3rd revenue to come from smaller markets in couple of years
Agency: PTI New Delhi, Aug 12 (PTI) Leading shoemaker Bata India, which has reported a better performance in tier III to tier V markets, expects about 30 per cent of its revenue from these areas in the next couple of years, the company's MD & CEO Gunjan Shah said. 'A lot of expansion" of Bata India's franchise stores is happening in these smaller towns as the company 'senses very clearly" their growth potential, Shah told PTI in a virtual interaction after the company's AGM. Value-for-money products by the leading shoemaker, providing value to consumers, he said. 'Tier III to Tier V right now would be contributing to less than 20 per cent of our store's business, and our expectation is that it should cross about 30 per cent in the next couple of years," said Shah adding, 'So we expect them to grow much faster." The company is 'very optimistic" about the growth performance of its smaller towns, Shah added. Bata Chairman Ashwani Windlass said in smaller 'tier II, III, IV & V cities, the focus is solidly on value proposition, more than the bigger cities". Bata India's revenue from operations was Rs 3,488 crore for the financial year ended on March 31, 2025. Companies operating on the consumer side are having higher rural growth, with a steady demand in the last 5-6 quarters. This is led by a combination of increased MSP (Minimum Support Price), better monsoon, and overall government initiatives. However, urban demand is also improving gradually, helped by factors such as softening of inflation, especially food inflation. In the urban market, companies facing sluggish demand are trying to invest in growth by promoting attractive price points and discounts. 'So now this is obviously a calibrated stance that demand will come back and but I think the better proposition is to stay with the value proposition and that's what our focus is on," he said. About the performance of smaller markets, Shah said, 'Yeah! No doubt, rural is definitely doing better, and that's showing up in our tier-III to tier III towns' performance. Stores are doing better there." However, in general, the lower end of the market is still facing pressure, he added. The company is tackling the situation 'by basically making sure that we are providing a much enhanced range, even at times repricing our products, but providing great value to consumers". Bata India has received 'great response" from consumers wherever it has gone. 'We want to do more of it across all our categories," he said, adding that Bata has 'just launched a pretty large classical campaign, Victoria Ballerina. It's our most curated collection of ballerinas, but all of them are priced below Rs 1,000 and that is to attract these consumers who are feeling the pinch of inflation." On the premium side, Shah said its brands HushPuppies, Bata Comfit Floatz, and Power Floats, which cater to the higher end of the consumer spectrum, continue to do well. 'We want to invest in those floats… HushPuppies is a flagship premium brand; it has already crossed about 150 stores, we want to cross about 200 stores in the near term, so it will itself become a pretty large brand by itself," he added. Bata India has an expansive retail network consisting of over 1,950 stores, including those owned by the company and franchises. PTI KRH TRB view comments First Published: August 12, 2025, 17:00 IST News agency-feeds Bata expects 1/3rd revenue to come from smaller markets in couple of years Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
