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Stock Report
Bata Marks landmark achievement with 500 Franchise Stores in India
Posted On : 2024-03-11 11:06:17( TIMEZONE : IST )
Bata India announced the launch of its 500th Franchise store in India, marking a landmark achievement in the footwear retail industry. To announce this milestone and extend gratitude to its trusted partners pan India, Bata unveiled a larger-than-life CGI OOH celebrating 'Bata 500 Franchise Store Family in India.'
With the inauguration of the 500th Franchise store in Bangalore, Bata India's retail footprint expands to 2,150+ stores nationwide, comprising a diverse mix of Company-Owned Company-Operated (COCO), Franchise stores and Shop-in-Shop (SIS) stores.
Speaking on the occasion, Mr. Abhinav Sharan, Head- Franchise Business, Bata India Limited said, "We are immensely grateful for the continued trust and unwavering support of our Franchise partners who have been instrumental in our journey to reach this milestone. The inauguration of our 500th Franchise Store reaffirms Bata's deep-rooted commitment to India and strengthens our resolve to nurture leaders of tomorrow. Together with our valued partners, we will continue this expansion journey to ensure that Bata's quality and style are accessible to customers in every corner of the country."
Bata's Franchise model has played an integral role in its expansion strategy, serving as a pivotal engine driving growth and accessibility across diverse regions of India. Its dynamic approach has enabled the brand to penetrate deeper into untapped markets while fostering entrepreneurship opportunities for local partners. The success of the program is validated by the high return rate of Franchise partners who have opened and continue to open multiple stores with Bata.
Shares of Bata India Limited was last trading in BSE at Rs. 1450.05 as compared to the previous close of Rs. 1435.05. The total number of shares traded during the day was 35361 in over 2482 trades.
The stock hit an intraday high of Rs. 1454.30 and intraday low of 1432.00. The net turnover during the day was Rs. 51201177.00.
