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Footwear major Bata India today reported a 29.77 per cent increase in its standalone net profit to ₹55.66 crore for the second quarter ended September 30, 2018 against a net profit of ₹42.89 crore in the corresponding quarter in the year ago.
Its total income stood at ₹687.96 crore during the quarter as compared to ₹601.72 crore in the corresponding quarter last fiscal, Bata said in a BSE filing.
“We have built up growth momentum in the second quarter with portfolio refresh across categories, and we hope to continue it as we get into the peak festival season. Our strategy of using youth icons to push our key categories has yielded positive results,” said Sandeep Kataria, chief executive officer, Bata India.
Shares of Bata settled at ₹1,007.65 on the BSE, down 0.65 per cent, from their previous close.
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