Bata India - Q1CY13 Result First Cut - Microsec

Bata India announced its Q1 CY13 results on 25 APRIL 2013

Q1 CY13 Result Analysis

The company's Total Income increased by 12% YOY to INR454 crore YOY and its EBITDA increased by 5% YOY to INR63 crore. EBITDA Margin of the company decreased from 14.7% to 13.9% YOY. PAT increased by 7% YOY to INR38 crore. Management expects the slow market condition to ease and expects better growth in coming quarters. We maintain our Target Price of INR966 for the stock.

Source : Equity Bulls

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