Bata India Q4 profit jumps 69.47% to ?88.26 crore

NEW DELHI: Footwear major Bata India on Friday reported a 69.47% jump in standalone profit to ?88.26 crore for the fourth quarter ended March 31, 2019.

It had posted a profit of ?52.08 crore in the January-March quarter of the preceding fiscal.

The company’s revenue from operations during the quarter under review stood at ?679.39 crore, up 7.44 % from ?632.31 crore in the year-ago period, it said in a BSE filing.

Bata said revenue from operations “was tempered down by a below expectations performance by the e-commerce channel due to changed legislation for the industry and a one-off institutional order in the same quarter previous year”.

“The company has delivered a good profit performance on the back of conscious efforts taken towards cost and expense control that contributed extensively in increasing the profit margin,” Bata said in a statement.

The company’s board has recommended a dividend of ?6.25 per equity share for the year ended March 31, 2019.

Shares of Bata India Friday settled 1.49% lower at ?1,346.50 apiece on the BSE.

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