Kolkata, May 27 (IANS) Shoemaker Bata India Ltd on Wednesday said its net profit during January-March 2015 increased by a whopping 48.3 percent at Rs.58.43 crore even as its net earnings in the same time period declined marginally by about a percent compared to the corresponding period in 2014.
The company’s net profits during January-March 2014 stood at Rs.39.40 crore.
The total net income in the period under review declined by less than one percent at Rs.491.31 crore against Rs.495.43 crore in the corresponding period in 2014.
In a statement, the company said its sales during January-March 2015 continued to be impacted by supply-chain issues.
“However, we are on a recovery path with gradual improvement in supply chain, new store openings and emphasis on customer service,” the company’s group managing director Rajeev Gopalakrishnan said.
The company, in a regulatory filing with the BSE, said it has moved from the January-December fiscal cycle to April-March fiscal cycle this year onwards.