Bata India FY25 dividend: Footwear retailer announces 200% interim dividend alongwith Q1 results; check record and payment dates
Bata India reported around 63 per cent jump in Q1FY25 profit. The comoanys consolidated profit rose to 1.74 billion rupees ($20.7 million) in the three months ended June 30 from 1.07 billion rupees a year ago.
Footwear major Bata India's board has announced an interim dividend of Rs 10 per equity share, according to a stock market disclosure.
"The Board at the Meeting declared an Interim Dividend of Rs. 10/- (200%) per equity share of Rs. 5/- each, fully paid-up of the Company, for the current financial year ending March 31, 2025," the company said in an exchange filing on Tuesday, August 6.
"As informed earlier vide our letter dated July 22, 2024, regarding the Intimation of Board Meeting and Record Date, pursuant to Regulation 42 of the SEBI Listing Regulations, the Record date shall be Friday, August 16, 2024, for the purpose of Interim Dividend," the company added.
Bata India dividend: Record date
The record date for the dividend is Friday, August 16, 2024.
Bata India dividend: Payment date
The payment date for the dividend is Monday, September 2, 2024.
The footwear retailer has also announced its financial results for the first quarter of FY25 which ended on June 30, 2024.
Bata India Q1FY25 earnings
Bata India reported around 63 per cent jump in Q1FY25 profit. The comoany's consolidated profit rose to 1.74 billion rupees ($20.7 million) in the three months ended June 30 from 1.07 billion rupees a year ago.
Commenting on the Q1FY25 performance, Gunjan Shah, MD and CEO - Bata India Limited, said, "Bata India navigated well through the slugging consumption environment further accentuated due to the elections and extreme heat wave in the last quarter. We sustained our gross margin with our premiumisation strategy while continuing investments in marketing and technology platforms. We added 33 Franchise Stores in the quarter, primarily in Tier 3 – 5 towns to cater the demand for branded products and achieve better returns on capital. Bata also launched its 2nd Power EBO in Delhi.
"Along with cautious control on costs and focus on efficiency and productivity, we continued to manage our inventory while having strong instore availability of fresh merchandise in anticipation of festive season driven consumption uptick," added Shah.
Meanwhile, shares of Bata India closed at Rs 1,515.2 each, down 2.7 per cent on BSE today, August 6.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.