| Revenue growth | 5% value growth in Q4 FY26. |
|---|---|
| Margins | Gross margin dilution from franchise mix; underlying full-price sales accretive. |
| Demand visibility | Revival signs in value segment (<₹1,000); sneakers show strong momentum. |
| Management confidence | High; citing inventory simplification and premiumization as growth levers. |
Growth
Achieved 5%+ value growth; like-to-like PBT grew 11% excluding exceptional items. E-commerce grew 81% YoY.
Outlook
Targeting 1,000 franchise stores (from 700+) and 80% ZBM store coverage by next quarter.
Risks
Raw material inflation (5-6%) and structural minimum wage hikes in several states pose margin headwinds.
Last quarter's promises, checked
Delivered
- Targeted 2,000 franchise stores → achieved 2,000+ (= BEAT)
- Guided for inventory reduction trend → delivered 25-28% reduction over 2 years (= BEAT)
- Targeted 200 Hush Puppies EBO exit → achieved 200+ (= BEAT)
Partly delivered
- Targeted 1,000 franchise stores → achieved 700+ (= PARTIAL)
- Targeted full network ZBM coverage → achieved 80% coverage (= PARTIAL)
Missed
- Aspiration for double-digit growth → delivered 5% value growth (= MISS)
Earnings Call filed with BSE, NSE: BATAINDIA. Summary written with AI assistance from the document.
Bata India Ltd: key numbers
- Share price
- ₹615.45
- Market cap
- ₹7,910 Cr
- Revenue (annual)
- ₹3,516 Cr
- Net profit (annual)
- ₹134.2 Cr
- P/E (TTM)
- 54.1×Sector 66.8×
- Promoter holding
- 50.16%+0.00% QoQ
- FII holding
- 6.38%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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