One of the top gainers on the Nifty Midcap 50 Index on August 17 was Bata India, which concluded Thursday’s trading up 6% at Rs 1,739. The company’s probable cooperation talks with Adidas, a different industry powerhouse, to strengthen its position in the Indian market, are the source of the market rumor. The formal confirmation is still pending, despite the fact that the collaboration is the subject of market rumors.
Bata and Adidas are reportedly in talks to collaborate on products for the Indian market, according to a recent news story. The Exchange has contacted Bata India to get more information. As per information found on the NSE, the company’s answer is pending.
Bata India released its Q1 numbers last week, and they revealed a significant fall in profits. A 10.5% decline from Q1 2017 earnings of Rs 119.37 crore, the company posted a net profit of Rs 106.89 crore. The industry’s early start of the End of Season Sales is mostly to blame for this decline.
In comparison to the same quarter last year, when Bata India’s revenue from operations was Rs 943.02 crore, it increased by 1.6% to Rs 958.15 crore. EBITDA for the business was Rs 239.3 crore, a 2.2% year-over-year decrease. In contrast to the total expenses of Rs 827.86 crore, the total income for the quarter was Rs 971.42 crore.
The market value of Bata India is Rs 22.27k crore. The dividend yield is 0.78%, and the P/E ratio is 75.08. The shares have increased consistently year over year. The stock price increased 4.85% over the previous five days, 2.75 over the previous month, 21.26% over the previous six months, and 5.17% over the past full year.
