Kolkata, Oct 31 (IANS) Footwear retailer Bata India Wednesday reported a marginal 5.32 percent increase in net profit to Rs.32.04 crore for the quarter ended Sep 30, from Rs 30.42 crore for the same period a year ago.
Total Income of the company increased from Rs.375.42 crore for the quarter under review to Rs.433.36 crore for the corresponding period the previous year.
During the third quarter, the company’s profit before tax (PBT) grew 6 percent at Rs.47.79 crore as against Rs.45.03 crore in the same period last year. The firm follows the January-December fiscal year.
Rajeev Gopalakrishnan, group managing director, said: “We will continue our focus to expand the retail outlets and improve the merchandise with newer and better designs to provide consumers the best in footwear.”
The company opened 33 new stores this quarter, according to a company statement here.
These new stores, based on the new large format and above 3,000 sq ft, were spread across metros, tier-I and tier-II cities.
The company launched Sundrops, a new premium range of footwear for women this quarter.
