The call ran from 4:01 PM to 4:43 PM IST (42 min).
Key takeaways
Q2 FY27 revenue up 7.5%, fourth straight positive quarter, but growth is price-led with marginal volume. Management withheld SSSG and margin figures, leaning on adjusted profit metrics.
| Management target | Revenue 100.0% 2030 |
|---|
| Revenue growth | 7.5% YoY, fourth consecutive positive quarter; ASP-led, not volume-led. |
|---|---|
| Margins | Reported GM up ~8-10 bps; underlying 70-80 bps, diluted by channel mix. |
| Demand visibility | Positive footfalls; early Diwali trends reported, figures withheld. |
| Management confidence | Optimistic, but avoids SSSG and margin specifics. |
Growth
7.5% revenue growth, ASP-led (5-6% pricing), volume only marginal. Adjusted PBT +31%, adjusted operating cash profit +9%.
Outlook
Doubling turnover by 2030 with no annual plan. Margins to stay 'range bound'. Double-digit new store openings next year.
Risks
Reported gross margin up only 8-10 bps versus 70-80 bps underlying. Price-hike impact deferred to next quarter; festive shift to Q3.
Last quarter's promises, checked
Delivered
- Guided Q1 deferred sales to recover Jul–Aug → Q2 rev +7.5% vs Q1 ~+4% (= BEAT, directional)
Partly delivered
- Guided no cost-push margin dilution → reported GM +8–10 bps vs Q1 +130 bps (= PARTIAL)
Missed
- Guided Sept price hike to flow in next qtr → impact deferred to Q3 (= MISS)
- Guided elevated ad spend (Q1 +25%) → H1 +4%; A&P % undisclosed (= MISS)
- Guided ZBM 2.0 results next qtr → none reported (= MISS)
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Bata India Q2 FY27 Results: Net Profit ₹18.1 Cr, Up 30.2% YoY
Bata India Ltd reported revenue from operations of ₹861.8 Cr (+7.6% YoY) and net profit of ₹18.1 Cr (+30.2% YoY) for Q2 FY27.
- Key figure
- Net profit ₹18.1 Cr · +30.2% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Targeting 3,000 EBO stores. Expected gross margin expansion of ~200 bps from supply chain efficiencies.
Growth they described
Revenue grew 4% driven by equal volume and price growth; underlying PBT up 22%.
Call details
| Company | Bata India Ltd |
|---|---|
| NSE symbol | BATAINDIA |
| ISIN | INE176A01028 |
| Call | Q2 FY27 earnings call |
| Date | Wednesday, 4 November 2026 |
| Time | 4:00 PM IST |
| Length | 42 min |
| Audio | Our stream on YouTube ↗ |
Bata India Ltd: key numbers
- Share price
- ₹636.00
- Market cap
- ₹8,174 Cr
- Revenue (annual)
- ₹3,516 Cr
- Net profit (annual)
- ₹134.2 Cr
- P/E (TTM)
- 54.4×Sector 63.3×
- Promoter holding
- 50.16%+0.00% QoQ
- FII holding
- 5.75%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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