BATA India Ltd reports consolidated Q4 FY20 PAT slumps to Rs. 38.40 crore

BATA INDIA LTD. has reported financial results for the period ended March 31, 2020.

Financial Results (Q4 FY19-20) - QoQ Comparison

The company has reported total income of Rs.637.65 crores during the period ended March 31, 2020 as compared to Rs.847.84 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.38.40 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.118.26 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.2.99 for the period ended March 31, 2020 as compared to Rs.9.20 for the period ended December 31, 2019.

Financials	Q4 FY19-20	Q3 FY19-20	% Change
Total Income	₹ 637.65 crs	₹ 847.84 crs	-24.79%
Net Profit	₹ 38.40 crs	₹ 118.26 crs	-67.53%
EPS	₹ 2.99	₹ 9.20	-67.5%

Financial Results (Q4 FY19-20) - YoY Comparison

The company has reported total income of Rs.637.65 crores during the period ended March 31, 2020 as compared to Rs.708.10 crores during the period ended March 31, 2019.

The company has posted net profit / (loss) of Rs.38.40 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.88.66 crores for the period ended March 31, 2019.

The company has reported EPS of Rs.2.99 for the period ended March 31, 2020 as compared to Rs.6.90 for the period ended March 31, 2019.

Financials	Q4 FY19-20	Q4 FY18-19	% Change
Total Income	₹ 637.65 crs	₹ 708.10 crs	-9.95%
Net Profit	₹ 38.40 crs	₹ 88.66 crs	-56.69%
EPS	₹ 2.99	₹ 6.90	-56.67%

Financial Results (12 months ended FY 19-20) - YoY Comparison

The company has reported total income of Rs.3124.79 crores during the 12 months period ended March 31, 2020 as compared to Rs.2999.32 crores during the 12 months period ended March 31, 2019.

The company has posted net profit / (loss) of Rs.328.95 crores for the 12 months period ended March 31, 2020 as against net profit / (loss) of Rs.328.99 crores for the 12 months period ended March 31, 2019.

The company has reported EPS of Rs.25.59 for the 12 months period ended March 31, 2020 as compared to Rs.25.60 for the 12 months period ended March 31, 2019.

Financials	Year Ended FY19-20	Year Ended FY18-19	% Change
Total Income	₹ 3124.79 crs	₹ 2999.32 crs	4.18%
Net Profit	₹ 328.95 crs	₹ 328.99 crs	-0.01%
EPS	₹ 25.59	₹25.60	-0.04%

Ashwani Windlass, Chairman - Bata India Limited added: "Bata results are impressive given the context we are in today. The management has taken a series of steps to safeguard and re-open the business, as lockdown continues. These include safety norms for customers & employees, remaining agile in areas of supply chain & manufacturing partners and evolving to a portfolio that is relevant in todays' times.

As India's most loved footwear brand, we at Bata also feel responsible towards all our stakeholders including the communities in which we operate. This is why the Bata India has committed to donate 2 lakh pairs of shoes to health care workers, volunteers and their families, the front-liners fighting the Covid-19 with admirable courage and dedication every day. Globally, Bata will donate 1 Mn pairs of shoes. Bata India employees through its 'Bata Heroes' initiative, have been working with its government officials and other organizations to respond to the COVID-I9 pandemic with donations in areas of PPE equipment like masks, face shields & food packets."

Sandeep Kataria, CEO - Bata India Limited, stated: "It is gratifying that despite of closure of our retail outlets due to the lockdown, we were able to close the year with turnover & profit growth. This was possible on account of focus on diversification of product portfolio, consumer-centric campaigns, new & franchise store openings, non-retail and digital businesses. Given the ongoing crisis, we are expanding our e-commerce footprint via ramping our presence in online marketplaces allowing delivery in over 1300 cities, rolling out home delivery across 900+ stores and giving customers the option to shop from homes via WhatsApp chat with our neighborhood stores. While re-opening our stores, customer safety comes first and we are ensuring adherence to a safety checklist with over 20+ points in all our stores on a daily basis. We have already supplied sanitizers, gloves, masks, dispensers and quarantine boxes for shoes to all our stores. The long-term sustainability of an organization like Bata starts with its employees. We are not only ensuring their well-being but also continuing to retain all our employees and ensuring timely payments of salaries. While the pandemic will have an impact on consumer behavior and demand, we believe brands such as Bata are strong trust marks and with the investment in our quality over the years and safety in stores to build confidence, we will gain share as consumers tend to avoid risk post the crisis."

Shares of BATA INDIA LTD. was last trading in BSE at Rs.1275.95 as compared to the previous close of Rs. 1300.45. The total number of shares traded during the day was 55702 in over 3486 trades.

The stock hit an intraday high of Rs. 1320.85 and intraday low of 1267.8. The net turnover during the day was Rs. 71675709.

Source : Equity Bulls

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