Bata India shares turn flat post-Q4 results, announces 240% dividend

Bata India share price today BSE, Bata India shares, Bata India Q4 results: Bata India shares turned flat on Thursday, May 30, a day after the firm reported good numbers in the March quarter results. The shoemaker stock fell over two per cent to the day's low of Rs 1,345.2 on BSE in early morning deals, halting the three-day positive trend. The counter closed flat at Rs 1,372.35, down 0.08 per cent on BSE.

Bata India Q4 results

On Wednesday, post-market hours, Bata India reported a 3.02 per cent decline in consolidated net profit to Rs 63.64 crore for the fourth quarter ended March 2024.

Revenue from operations was up 2.47 per cent to Rs 797.87 crore during the quarter under review. It was at Rs 778.58 crore in the corresponding period a year ago.

Total expenses of Bata India in the March quarter were at Rs 736.83 crore, up 5.22 per cent. Read more Bata India Q4 results

Management Commentary 

Commenting on performance, MD and CEO Gunjan Shah said: "Bata India navigated well through the unforeseen sluggishness in the market driving towards sustainable growth led by brands backed by significant investments in marketing and technology. 

Our strategies helped us defending margins.” For the financial year ended on March 31, 2024, Bata India's consolidated net profit was down 18.7 per cent to Rs 262.51 crore against Rs 323 crore a year ago. Its revenue from operation in FY24 was up marginally at Rs 3,478.61 crore as against Rs 3,451.56 crore a year ago.

According to Bata, with a “positive outlook and to accelerate growth”, significant investments in the brand and technology are continued.

Bata India dividend: 240% payout

Bata India has recommended a 240 per cent dividend, which is Rs 12/- per equity share of Rs. 5/- each, for the financial year ended March 31, 2024.

(With PTI inputs)

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