Tue, Dec 01, 2020
Bata is focusing on expanding its presence through e-commerce/omni-channel and innovating its product portfolio with new relevant variants to drive growth in the medium to long term. Further, the company will benefit from the shift from non-branded to branded products. Bata is a debt-free company with a strong cash balance of close to Rs 800 cr, which along with negative working capital and improving store fundamentals will help the company take care of its near-term expansion plans without any disruptions.
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