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Earnings Call Transcript

Bata India Earnings Call Transcript: 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.

Bata India Q2 FY27 concall: date, live audio and summaryConcall page →
Guidance and delivery
Management target Revenue 100.0% 2030
Highlights
Revenue growth7.5% YoY, fourth consecutive positive quarter; ASP-led, not volume-led.
MarginsReported GM up ~8-10 bps; underlying 70-80 bps, diluted by channel mix.
Demand visibilityPositive footfalls; early Diwali trends reported, figures withheld.
Management confidenceOptimistic, 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)
Source

Earnings Call Transcript filed with NSE, NSE: BATAINDIA. Summary written with AI assistance from the document.

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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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