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Kolkata, March 29

Bata India Ltd, for the year ended December 31, 2007, has recorded a profit after tax of Rs 47.4 crore, up from the Rs 40.1-crore for year ended 2006, on a turnover of Rs 890.8 crore (Rs 794.8 crore). The Bata board has recommended a dividend of Rs 2 per share (20 per cent), inclusive of the 5 per cent additional dividend to celebrate 75 years of Bata in India. According to an official statement by the company here today, the increase in PAT was on account of improved prod uct mix, stricter cost control, new shoe designs, renovation of stores and continued transformation of the wholesale business of the company. Announcing the results, Mr Marcello Villagran, Managing Director of the company, said the company has now become profitable on a sustained basis. “We continue growing our sales, improving our margins and monitoring our expenses.”

— Our Bureau

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Bata India net up at Rs 47 cr

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