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Bata India Ltd.

BATAINDIAConsumer Discretionary filings

We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.

Earnings calls

18 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 18 documents here); elsewhere sentences render unattributed.

KindDatePeriodServedAttribution rate
TRANSCRIPT202205312022-03-31yes
TRANSCRIPT202208222022-06-30yes
TRANSCRIPT202211162022-09-30yes
TRANSCRIPT202302202022-12-31yes
TRANSCRIPT202305222023-03-31yes
TRANSCRIPT202308172023-06-30yes
TRANSCRIPT202311142023-09-30yes
TRANSCRIPT202402092023-12-31yes
TRANSCRIPT202406032024-03-31yes
TRANSCRIPT202408132024-06-30yes
TRANSCRIPT202411112024-09-30yes
TRANSCRIPT202502142024-12-31yes
TRANSCRIPT202506042025-03-31yes
TRANSCRIPT202508182025-06-30yes
TRANSCRIPT202511062025-09-30yes
TRANSCRIPT202602182025-12-31yes
TRANSCRIPT202606082026-03-31yes
TRANSCRIPT202608172026-06-30yes

BATAINDIA

files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.

Identity

Statement divisiongeneral
Scope servedconsolidated
Panels on this page4

Market

No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.

Last close627.00
52-week range607.5 – 1220.3
Return 1M-8.43%
Return 3M-12.32%
Return 1Y-48.34%
Return 3Y-61.66%
Return 5Y-64.54%
Market capitalisationnot shown — we could not confirm it
Shares outstandingnot shown — we could not confirm it
P/Enot shown — we could not confirm it
P/Bnot shown — we could not confirm it
EV/EBITDAnot shown — we could not confirm it

Latest quarter filed — period ending 2026-06-30

In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.

Revenue from operations979.00
Other income18.00
Total income997.00
Cost of materials consumed61.00
Purchases of stock-in-trade330.00
Changes in inventories52.00
Employee benefit expense114.00
Finance costs33.00

Ownership — 2026-06-30, and the change from 2026-03-31

HolderPer centChange
promoter and promoter group0.500.00
institutions foreign0.06-0.00
institutions domestic0.27-0.01
mutual funds0.16-0.01
public0.500.00

Documents on file

ClassMost recentOn file
TRANSCRIPT2026-06-3018

Financial statements

Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.

Quarterly results, as filed

Line2022-09-302022-12-312023-03-312023-06-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Revenue from operations830.00900.00779.00958.00819.00903.00798.00945.00837.00919.00788.00942.00801.00945.00828.00979.00
Other income12.008.0010.0013.0015.0011.0022.0016.0017.0010.0022.0017.0021.0021.0020.0018.00
Total income842.00908.00789.00971.00835.00915.00820.00961.00854.00929.00811.00959.00823.00966.00847.00997.00
Cost of materials consumed75.0040.0065.0066.0056.0060.0062.0057.0072.0073.0058.0063.0065.0049.0056.0061.00
Purchases of stock-in-trade405.00202.00321.00329.00343.00297.00311.00294.00289.00243.00322.00294.00344.00272.00329.00330.00
Changes in inventories-106.00165.00-61.0038.00-55.0040.00-55.0076.002.0086.00-48.0081.00-52.0095.00-25.0052.00
Employee benefit expense107.00103.00104.00105.00106.00103.00107.00121.00114.00103.00124.00116.00111.00111.00113.00114.00
Finance costs27.0029.0027.0028.0028.0029.0031.0031.0032.0031.0035.0035.0034.0032.0034.0033.00
Depreciation and amortisation74.0075.0076.0081.0082.0086.0090.0087.0090.0090.00104.00106.00105.00104.00105.00103.00
Other expenses188.00184.00169.00180.00188.00221.00191.00212.00186.00213.00153.00189.00188.00206.00203.00218.00
Total expenses770.00798.00700.00828.00748.00836.00737.00878.00785.00841.00748.00884.00795.00869.00816.00911.00
Profit before exceptional items and tax72.00110.0088.00144.0087.0078.0083.0083.0070.0088.0062.0075.0028.0097.0032.0086.00
Exceptional items0.000.000.000.00-41.000.000.00134.000.00-11.000.00-5.00-8.00-8.00-28.000.00
Profit before tax72.00110.0088.00144.0046.0078.0083.00217.0070.0077.0062.0070.0019.0089.004.0086.00
Current tax20.0030.0025.0039.0018.0027.0018.0047.0019.0025.0021.0023.008.0023.0011.0025.00
Deferred tax-2.00-4.00-2.00-2.00-6.00-6.001.00-4.00-1.00-6.00-5.00-5.00-2.00-0.00-10.00-3.00
Tax expense17.0027.0023.0037.0012.0020.0019.0043.0018.0019.0016.0018.005.0023.002.0022.00
Profit for the period55.0083.0066.00107.0034.0058.0064.00174.0052.0059.0046.0052.0014.0066.002.0064.00
Profit attributable to owners———————0.00———0.000.00——0.00
Profit attributable to non-controlling interests———————0.00———0.000.00——0.00
Other comprehensive income-1.00-0.002.000.00-3.00-0.003.00-0.00-1.00-0.001.001.00-1.001.001.001.00
Total comprehensive income54.0083.0067.00107.0031.0058.0067.00174.0051.0058.0047.0053.0013.0068.003.0065.00
Earnings per share, basic4.276.475.118.322.644.514.9513.544.044.573.574.051.085.140.174.98
Earnings per share, diluted4.276.475.118.322.644.514.9513.544.044.573.574.051.085.140.174.98

Annual results, as filed

Line2020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Revenue from operations3,056.001,708.002,388.003,452.003,479.003,489.003,515.00
Other income69.0094.0056.0039.0062.0066.0079.00
Total income3,125.001,803.002,444.003,490.003,540.003,554.003,595.00
Cost of materials consumed257.00110.00248.00262.00244.00260.00233.00
Purchases of stock-in-trade1,074.00466.001,094.001,288.001,281.001,148.001,239.00
Changes in inventories-34.00262.00-255.00-36.00-33.00117.00100.00
Employee benefit expense376.00340.00379.00419.00420.00462.00452.00
Finance costs118.00104.0093.00108.00117.00128.00135.00
Depreciation and amortisation296.00265.00242.00295.00339.00371.00420.00
Other expenses551.00369.00504.00725.00781.00765.00785.00
Total expenses2,638.001,915.002,304.003,060.003,149.003,251.003,364.00
Profit before exceptional items and tax487.00-112.00140.00430.00392.00303.00231.00
Exceptional items0.00-5.000.000.00-41.00123.00-49.00
Profit before tax487.00-117.00140.00430.00351.00426.00182.00
Current tax117.000.004.00116.00101.00111.0065.00
Deferred tax41.00-27.0032.00-9.00-13.00-16.00-17.00
Tax expense158.00-27.0037.00107.0088.0096.0048.00
Profit for the period329.00-89.00103.00323.00263.00331.00134.00
Profit attributable to owners——0.00————
Profit attributable to non-controlling interests——0.00————
Other comprehensive income-2.005.00-0.001.00-0.000.002.00
Total comprehensive income327.00-84.00103.00324.00262.00331.00136.00
Earnings per share, basic25.59-6.958.0125.1320.4225.7310.44
Earnings per share, diluted25.59-6.958.0125.1320.4225.7310.44

Balance sheet, as filed

Line2022-09-302023-03-312023-09-302024-03-312024-09-302025-03-312025-09-302026-03-31
Total assets3,151.003,272.003,236.003,350.003,487.003,823.003,691.003,778.00
Non-current assets1,596.001,658.001,687.001,799.001,877.002,101.002,007.002,127.00
Current assets1,555.001,614.001,550.001,531.001,611.001,722.001,684.001,652.00
Property, plant and equipment300.00322.00328.00328.00326.00321.00320.00307.00
Capital work-in-progress14.002.001.002.006.0014.001.004.00
Goodwill0.000.000.000.000.000.000.000.00
Other intangible assets1,042.001,070.001,086.001,181.001,243.001,478.001,368.001,344.00
Inventories1,004.00905.00923.00930.00854.00815.00781.00708.00
Trade receivables94.0083.00100.0080.00152.00112.00163.00184.00
Cash and cash equivalents53.0075.0090.0050.0079.00203.008.009.00
Total equity and liabilities3,151.003,272.003,236.003,350.003,487.003,823.003,691.003,778.00
Equity1,288.001,438.001,403.001,527.001,469.001,575.001,525.001,596.00
Equity share capital64.0064.0064.0064.0064.0064.0064.0064.00
Other equity1,223.001,374.001,339.001,463.001,405.001,511.001,460.001,531.00
Total liabilities1,864.001,833.001,833.001,823.002,018.002,248.002,167.002,183.00
Non-current liabilities997.001,011.00964.001,088.001,128.001,310.001,225.001,223.00
Current liabilities867.00822.00869.00735.00890.00938.00942.00960.00
Borrowings, non-current0.000.000.000.000.000.000.000.00
Borrowings, current0.000.000.000.000.000.000.000.00
Trade payables481.00409.00386.00300.00418.00349.00380.00331.00

Cash flow, as filed

Line2022-09-302023-03-312023-09-302024-03-312024-09-302025-03-312025-09-302026-03-31
Net cash from operating activities232.00629.00286.00453.00387.00738.00265.00595.00
Net cash from investing activities650.00439.0087.0040.00102.0053.00-132.00-257.00
Net cash from financing activities-846.00-1,011.00-357.00-518.00-460.00-638.00-329.00-531.00
Purchase of property, plant and equipment47.0095.0046.00101.0032.0073.0025.0066.00
Net increase in cash36.0057.0016.00-24.0029.00153.00-195.00-194.00
con:CFO.BEFORE_TAX272.00726.00325.00548.00457.00857.00304.00676.00
con:INTEREST_RECEIVED.OPERATING0.000.000.000.000.000.000.000.00
con:INTEREST_PAID.OPERATING0.000.000.000.000.000.000.000.00
con:DIVIDENDS_RECEIVED.OPERATING0.000.000.000.000.000.000.000.00
con:TAX_PAID.OPERATING41.0097.0039.0095.0070.00120.0038.0081.00
con:CF_OTHER.OPERATING0.000.000.000.000.000.000.000.00
con:INVESTMENTS_PURCHASED0.000.000.000.000.000.000.000.00
con:INVESTMENTS_SOLD0.000.000.000.000.000.000.000.00
con:PPE_DISPOSALS1.006.002.003.00154.00158.001.001.00
con:CF_INVESTING.SUBSIDIARIES_SOLD0.000.000.000.000.000.000.000.00
con:CF_INVESTING.SUBSIDIARIES_ACQUIRED0.000.000.000.000.000.000.000.00
con:CF_INVESTING.JV_SOLD0.000.000.000.000.000.000.000.00
con:CF_INVESTING.JV_ACQUIRED0.000.000.000.000.000.000.000.00

Who owns it

The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.

Holder2023-03-312023-06-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Promoter and promoter group50.1650.1650.1650.1650.1650.1650.1650.1650.1650.160.500.500.500.50
Domestic institutions30.6430.3229.9729.6928.3227.5227.1229.1529.4629.340.290.290.280.27
Mutual funds—————————16.880.170.170.170.16
Insurance companies9.4210.6910.0410.6112.9313.3812.8413.1112.9512.350.120.120.120.12
Foreign institutions5.866.637.517.888.247.638.817.486.936.890.070.060.060.06
Government—————————0.000.000.000.000.00
Public49.8449.8449.8449.8449.8449.8449.8449.8449.8449.840.500.500.500.50
Non-institutional13.3512.8912.3612.2713.2814.7013.9013.2113.4513.610.140.140.150.16
Shares outstanding128527540128527540128527540128527540128527540128527540128527540128527540128527540128527540128527540128527540128527540128527540

Related parties

Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.

CounterpartyRelationshipTypeAmount in the periodTransactions
BATA (BN) B VPromoterDividend paid1,418,240,000.001
Bata Brands S.A.Fellow SubsidiariesAny other transaction380,090,000.003
Global Footwear Services Pte LtdFellow SubsidiariesAny other transaction273,550,000.002
Gunjan Dineshkumar ShahMD & CEORemuneration43,120,000.001
Power AthleticsFellow SubsidiariesAny other transaction26,200,000.001
Anil Ramesh SomaniDirector Finance & CFORemuneration15,250,000.001
Bata Shoe Kenya PLCFellow SubsidiariesAny other transaction, Sale of goods or services15,130,000.002
Bata Nederland BVFellow SubsidiariesAny other transaction8,710,000.001
Ashwani WindlassChairman & Independent DirectoRemuneration7,600,000.001
Nitin BagariaCompany Secretary in Bata India LiRemuneration7,500,000.001
Vivek MohanDirector in Wholly owned SubsidiarRemuneration6,210,000.001
Bata Shoe Co. UgandaFellow SubsidiariesAny other transaction, Sale of goods or services6,080,000.002
Zambia Bata Shoe CompanyFellow SubsidiariesAny other transaction, Sale of goods or services4,730,000.002
Nilesh Kumar ChoudharyDirector in Wholly owned SubsidiarRemuneration4,070,000.001
Gaurav PuriDirector in Wholly owned SubsidiarRemuneration3,740,000.001

What management said

Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.

DateQuarterWho spoke
2026-08-17Q1FY27BATA INDIA LIMITEDRead the call
2026-06-08Q4FY26BATA INDIA LIMITEDRead the call
2026-02-18Q3FY26BATA INDIA LIMITEDRead the call
2025-11-06Q2FY26SECURITIES INDIA LIMITEDRead the call
2025-08-18Q1FY26Read the call
2025-06-04Q4FY25Read the call
2025-02-14Q3FY25LIMITEDRead the call
2024-11-11Q2FY25BATA INDIA LIMITEDRead the call
2024-08-13Q1FY25BATA INDIA LIMITEDRead the call
2024-06-03Q4FY24Read the call
2024-02-09Q3FY24Read the call
2023-11-14Q2FY24Read the call
2023-08-17Q1FY24Read the call
2023-05-22Q4FY23Read the call
2023-02-20Q3FY23LIMITEDRead the call
2022-11-16Q2FY23INDIA LIMITED, LIMITEDRead the call
2022-08-22Q1FY23BATA INDIA LIMITED, – BATA INDIA LIMITEDRead the call
2022-05-31Q4FY22BATA INDIA LIMITED, – BATA INDIA LIMITEDRead the call

What they said about it, quarter by quarter

TopicQ3FY24Q3FY25Q3FY26Q4FY22Q4FY23Q4FY24Q4FY25Q4FY26
Capex—So, firstly, I just wanted to get some sense that am I correct in my understanding that whatever incremental CapEx, which we have done during this per…So we have invested in capex as well as technology on certain key lines, but the large principle that I mentioned even earlier and the VRS and the act…The norms can span across one is the software that operates in the stores, the kind of merchandise the store keeps and lastly, the way the store is, h…So, the IT technology-based capex that we will have outlay for this year will be in the range of about INR30 crores.———
Capital allocation———————And what metrics would indicate that these efforts are translating into improved customer acquisition and market share?
Costs———So yes, we have seen raw material inflation that is the reality that we see all across and we have not been immune to it.So, do you think it is because of these investments that your cost savings initiatives as well as the incremental margins from franchises are getting …——Second question is on the current situation, sir, on the raw material basket.
Debt and cash——And my last question is like on inventory and working capital.———The relative question also was on inventory and working capital.So, if I were to account for these 4 exceptional items, which I just mentioned, the like-to-like PBT growth stands at about 11%, which is also reflect…
DemandWe are hoping that that's where we will get this entire thing repo back so while we want to focus on premiumization with the right brands as well as t…Backed by, as I said, better demand planning, supply chain and logistics, forecast accuracy is one of them, which is leveraging the technology tool th…And like what are the risk of future inventory buildups if demand softens?The other piece is obviously we also made our first initiative by opening up a sourcing center in the West for a product category called Sandek that s…More importantly, I think plastic as well as volume category, which is facing some amount of demand pressure are the ones which have been relatively a…As I had mentioned last time, considering the kind of demand scenario on the mass segment, our focus has been towards extraction from the current set …And sir, my next question is with regards to the overall demand conditions.And it's not just the store revamp, Malishka, but also the inventory pipeline decluttering and a combination of these initiatives.
GuidanceAnd if you look at medium term, I'm not saying guidance, but what aspiration sees that whether we go back to 58-59 or we will still remain in the simi…—So any guidance on revenue growth, margin trajectory for the next 2 quarters?I had talked about two large levers where we will see a significant outside expansion that we will push, so we have seen almost about last two quarter…Can you give some guidance of how that number is going to look like?On retail expansion, we added almost 24 new doors, slightly lower than what we expected.Should we expect more rationalization on inventory, which you alluded that we'll continue to work on that?Now how much growth can we expect in this financial year from the D2C business?
MarginThe third piece is in terms of better financial planning and better control from a merchandiser's perspective in terms of the right mix of articles an…The other key marker that we have kept it, does it help us in an absolute gross margin?It has been under work for almost a year, but the corner stores channel, which was, in a way, rationalized and put on pause is now showing both growth…On the inorganic front last year, which is the fiscal year of FY2022 I think we saw a fair margin I think the largest addition of stores that is 75 st…Is it possible to highlight what could be the revenue contribution from this segment, and what would be the EBITDA margin in this category?The last chart on margins, gross margin was protected reasonably well, I would say during this quarter, despite the tough trading conditions and that …Sir, firstly, on the gross margin contraction this quarter, now I understand that increased franchising operations will also lead to some gross margin…But somehow this is not reflecting in our gross margin.
People—So, the factory that we took closure about a year, year and a half back that I mentioned in my opening call in Bangalore, etc. So, finally, all of tha…——————
PricingBut yes, mid-single digit on the pricing and therefore mid-single digit on volume de-growth.——May 27, 2022 price hike, are you worried that we might be out pricing in terms of price hike in terms of our competitor and might lose out market shar…So, when I see your store addition over the pre-COVID numbers around 20%, and you would have taken some price increase plus premiumization combined wo…We have refrained from price increases now for the almost five quarters or a little more, maybe six quarters now.But obviously, pricing is paying its own part.Sir, what is the price hike you've taken, if you could share that number till date?
Revenue growthGunjan, in the flat revenue growth picture that we have for the quarter what is the volume and ASP expansion that you see?Secondly, sir, the top-line growth of 1.7%, and what I have noticed is that you typically have a COCO and then a franchisee NBO, where you typically s…While overall growth was seen reasonably democratic across price points, so good to see even the lower price points doing better.So as far as quarter ended March FY2022 we registered a revenue 665 Crores which is a growth versus the 590 Crore that we registered in the March FY20…Now, when I see distribution expansion, CAGR, which is 7% of last four years versus our revenue growth of 4%, the output actually looks a bit underwhe…However, overall leverage we still would have desired more from a fixed cost perspective, etcetera, and we will look forward to top line driving us an…There might be some quarters up and down, but we want to make sure it's a volume-driven revenue growth trajectory.While on the PBT, as I explained, if I exclude the 4 exceptional items, which is VRS FX impact on lease liability, lower gains on lease closure, all 3…