Thu, Feb 11, 2021
Bata Share price today: Bata India Q3 FY21 revenues recovered to 74% of pre-COVID levels at Rs 614.7 cr. It grew by 67% qoq mainly on account of higher festive sales and target customer outreach. Sales through digitally enabled platforms like the Bata website, online marketplaces, Bata ChatShop, Bata Home Delivery and Bata Store on Wheels contributed over 15% of total revenues.
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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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