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Bata India Limited (BATAINDIA)

📊 NSE: BATAINDIA 🏢 Leather / Leather Products 📅 Last Updated: 12/13/2025 19:11

📢 Recent Corporate Announcements

Bata India Chief Strategy & Business Development Officer Badri Beriwal Resigns

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 09 Sep 2026, 03:41 PM

Bata India Limited has announced the resignation of its Chief Strategy & Business Development Officer, Mr. Badri Beriwal, effective at the close of working hours on September 14, 2026. Mr. Beriwal cited pursuing opportunities outside the company as the reason for his departure. The resignation comes as Bata India continues strategic initiatives to expand its retail presence and improve ASPs amid sluggish market conditions. The company has not yet named an immediate successor for the role.

Mr. Badri Beriwal resigned from the role of Chief Strategy & Business Development Officer on September 9, 2026 at 8:15 AM (IST)
The effective date of cessation is September 14, 2026 (end of working hours)
Resignation tendered to pursue professional opportunities outside Bata India Limited
Bata India operates with a TTM revenue base of ₹3,553 Cr and market cap of ₹8,528 Cr

💡 Track announcements regarding the appointment of a new strategy head to assess leadership continuity across digital and retail expansion initiatives.

Bata India Chief Strategy & Business Development Officer Badri Beriwal Resigns Effective Sep 14, 2026

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 09 Sep 2026, 03:08 PM

Bata India Limited has announced the resignation of its Chief Strategy & Business Development Officer, Mr. Badri Beriwal, who is stepping down to pursue opportunities outside the company. The cessation is scheduled to take effect at the close of working hours on September 14, 2026. This senior management transition comes at a time when Bata is focusing on premiumization and retail network optimization amid sluggish bottom-of-the-pyramid footwear demand. The company has not yet announced a successor for the role.

Badri Beriwal resigns as Chief Strategy & Business Development Officer
Resignation effective from the end of working hours on September 14, 2026
Event occurred and was reported on September 9, 2026 at 8:15 AM (IST)
Resignation cited as being to pursue opportunities outside Bata India Limited

💡 Track announcements regarding the appointment of a new strategy head and monitor any strategic shifts in retail expansion or marketing during upcoming quarterly operational updates.

Bata India Reports Status of Physical Share Transfer and Demat Requests for June-July 2026

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 02 Sep 2026, 07:03 PM

Bata India Limited submitted its periodic report pursuant to the SEBI Circular dated January 30, 2026, regarding physical share transfer and dematerialisation requests under the special window. For the reporting period from June 1, 2026, to July 31, 2026, the company received 2 requests. Both 2 requests were rejected, with 0 approved, and the average processing time was reported as 29 days. This is a standard administrative compliance filing with no impact on business operations or financials.

Received 2 requests for transfer/dematerialisation during June 1, 2026 to July 31, 2026
Processed and rejected 2 requests (0 approved)
Average processing turnaround time was 29 days

💡 No action required. Investors should focus on upcoming quarterly operating performance, revenue growth trends, and margin recovery.

Bata India Updates KMP Contact Details Under Regulation 30(5)

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 24 Aug 2026, 11:14 AM

Bata India Limited has submitted updated contact details for its Key Managerial Personnel (KMPs) authorized to determine event materiality and handle stock exchange disclosures under Regulation 30(5) of SEBI LODR Regulations. The listed personnel include Managing Director & CEO Gunjan Shah, Whole-time Director Sanjay S. Rao, CFO Amit Aggarwal, and Company Secretary Nitin Bagaria. This is a standard statutory compliance filing with no operational or financial impact on the company.

Disclosed updated contact details for 4 Key Managerial Personnel under Regulation 30(5) of SEBI LODR
Authorized KMPs include MD & CEO Gunjan Shah, Whole-time Director Sanjay S. Rao, and CFO Amit Aggarwal
Central telephone contact provided is +91 9266686547 across all key managerial personnel
Company Secretary & Compliance Officer Nitin Bagaria is also authorized for regulatory disclosures

💡 No action required; this is a routine administrative compliance update. Investors should track upcoming quarterly revenue and margin performance amid premiumization efforts.

Bata India Q1 FY27 Call: Revenue At ₹979 Cr (+4% YoY), EBO Count Crosses 2,000 Stores

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 17 Aug 2026, 06:55 PM

Bata India released the transcript of its Q1 FY27 earnings call, reporting ₹979 crore in revenue with 4% YoY growth split equally between volume and value. Underlying PBT grew 22% YoY, supported by a 130 bps gross margin expansion and full-price sales reaching nearly 90%. The company crossed the 2,000 EBO store milestone (targeting 3,000 long term) while franchise outlets grew to 750. Management noted raw material cost inflation of 5-6%, which was countered by commensurate price hikes, while A&P spends increased by 25% (reaching 3.0-3.5% of sales).

Q1 FY27 turnover stood at ₹979 crore, up 4% YoY, with underlying PBT up approximately 22% YoY
Crossed landmark of 2,000 EBO stores (franchise count at 750) with an aspirational roadmap toward 3,000 stores
Gross margin expanded by 130 bps YoY, driven by premiumization and ~90% full-price sales contribution
Vendor rationalization reduced supplier count from ~120 to ~60-70, targeting ~30 core/satellite partners to yield ~200 bps savings over 3-5 years
Faced 5% to 6% raw material cost push in synthetic crude derivatives, countered via price increases

💡 Track whether recent 5-6% price hikes protect gross margins in Q2 FY27 without dampening entry-level consumer volume demand.

Bata India releases audio recording of August 13 post-earnings conference call

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 13 Aug 2026, 07:11 PM

Bata India Limited has uploaded the audio recording of its post-earnings conference call held on August 13, 2026. This is a standard regulatory requirement following the announcement of quarterly results. The company confirmed that no Unpublished Price Sensitive Information (UPSI) was shared during the session. Investors can access the recording via the company's official website to understand management's commentary on the TTM revenue of ₹3,515 cr and recent margin trends.

Audio recording of the post-earnings call held on August 13, 2026, is now publicly available.
The filing follows previous intimations sent to exchanges on August 4 and August 12, 2026.
Management confirmed that 0 (zero) Unpublished Price Sensitive Information (UPSI) was disclosed during the call.
The company continues to operate a massive network of 2,053+ stores and 14,800 MBOs as per recent context.

💡 Investors should listen to the recording for management's outlook on premiumization strategies (Hush Puppies) and the impact of the 14% increase in Average Selling Price (ASP) on volume growth.

₹9 Dividend Approved and Sanjay S. Rao Appointed as Managing Director at Bata India AGM

🟡 NEUTRAL ⭐ 7/10

MANAGEMENT 📅 12 Aug 2026, 10:44 PM

Bata India shareholders have approved all resolutions at the 93rd Annual General Meeting, including the formal appointment of Sanjay S. Rao as Managing Director. A dividend of ₹9 per share (180% of face value) was confirmed, involving a total payout of approximately ₹115.7 Cr. This represents a high payout ratio of ~86% of FY26 PAT (₹134.2 Cr). While all resolutions passed, institutional investors showed notable dissent (15.7% against) regarding the re-appointment of Director Gerd Graehsler.

Dividend of ₹9 per equity share approved for the financial year ended March 31, 2026.
Sanjay S. Rao officially appointed as Managing Director with 97.95% of votes in favour.
Total dividend payout of ~₹115.7 Cr against FY26 PAT of ₹134.2 Cr, a payout ratio of ~86%.
Institutional dissent of 15.7% recorded against the re-appointment of Director Gerd Graehsler.
Overall voting turnout stood at 81.4% of the total 12.85 Cr outstanding shares.

💡 Investors should monitor the strategic execution under the new Managing Director, specifically the progress of the 'premiumization' strategy and expansion into Quick Commerce channels to revive growth.

Bata India Appoints Sanjay S. Rao as Managing Director for 5-Year Term Starting Oct 2026

🟡 NEUTRAL ⭐ 7/10

MANAGEMENT 📅 12 Aug 2026, 10:31 PM

Bata India shareholders have approved the appointment of Mr. Sanjay S. Rao as the Managing Director for a five-year term effective October 1, 2026. Prior to this, he will serve as a Whole-time Director from August 24, 2026, to September 30, 2026. This leadership transition occurs as the company navigates a challenging period, with FY26 PAT dropping to Rs 134 Cr from Rs 330 Cr in FY25. The new MD will be responsible for executing the company's premiumization strategy and managing its network of 2,053+ stores.

Appointment as Managing Director for a 5-year term from October 1, 2026, to August 23, 2031
Interim appointment as Whole-time Director from August 24, 2026, to September 30, 2026
Shareholder approval obtained at the 93rd Annual General Meeting held on August 12, 2026
The appointee is not debarred from holding office by any SEBI order
Transition occurs following a 37% decline in share price over the last 12 months

💡 Investors should monitor the new MD's commentary in upcoming earnings calls for updates on margin recovery strategies and the expansion of premium brands like Hush Puppies.

Bata India Approves ₹9 Dividend and Appoints Sanjay S. Rao as Managing Director

🟢 POSITIVE ⭐ 7/10

MANAGEMENT 📅 12 Aug 2026, 10:18 PM

Bata India Limited held its 93rd AGM on August 12, 2026, where shareholders approved all resolutions with a requisite majority. A key outcome is the formal appointment of Sanjay S. Rao as the Managing Director, providing leadership stability. The company also confirmed a dividend of ₹9 per share for FY26, which is significant given the FY26 EPS of ₹10.44. Despite a challenging year where PAT dropped to ₹134.2 Cr from ₹330.7 Cr in FY25, the company is maintaining its focus on premiumization and distribution expansion.

Approved a dividend of ₹9 per equity share of face value ₹5 for the financial year ended March 31, 2026
Sanjay S. Rao appointed as Managing Director with 97.95% of valid votes cast in favor
FY26 annual revenue confirmed at ₹3,515.5 Cr with an operating profit margin of 20.1%
The 93rd AGM was attended by 193 members via video conferencing
Confirmed no qualifications or adverse remarks from Statutory or Secretarial Auditors for FY26

💡 Investors should monitor the strategic execution under new MD Sanjay S. Rao, specifically the progress of the 'Hush Puppies' expansion and 'Quick Commerce' initiatives to counter sluggish volume growth.

22% Underlying PBT Growth in Q1 FY27; Revenue Reaches ₹978.9 Cr with Margin Expansion

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 12 Aug 2026, 02:53 PM

Bata India reported a steady Q1 FY27 with revenue growing 3.9% YoY to ₹978.9 Cr, supported by a 2.3% volume increase. Profitability showed significant improvement with adjusted PBT rising 22% YoY to ₹90.7 Cr, aided by a 130 bps expansion in gross margins. A key operational highlight is the 37% reduction in inventory compared to Q1 FY24, with stock turns improving to 2.54. The company continues its distribution push, expanding to 1,678 towns and increasing Key Retail Outlets (KROs) by 2.3x to 3,472.

Adjusted PBT grew 22% YoY to ₹90.7 Cr, excluding one-time ERP and VRS costs totaling ₹9.9 Cr
Inventory levels reduced by 37% compared to Q1 FY24, with stock turns increasing from 2.11 to 2.54 YoY
Distribution reach expanded to 3,472 Key Retail Outlets (KROs), representing a 2.3x increase over the previous period
Digital channels now contribute 14% of total turnover, with Bata.com specifically growing at 25% YoY
Gross margins expanded by 130 bps YoY, reaching approximately 54.7% for the quarter

💡 Investors should monitor if the 22% PBT growth can be sustained alongside the 1.25x increase in advertising spend. Key execution metrics to watch include the target to reach 4,000+ KROs by Q2 FY27 and the impact of the 'Zero Base Merchandising' rollout which now covers 80% of the business.

Rs 25 Interim Dividend Declared; Q1 FY27 Net Profit Rises 23% YoY to Rs 63.8 Cr

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 11 Aug 2026, 08:35 PM

Bata India reported a 23.4% YoY increase in standalone net profit to Rs 63.8 cr for Q1 FY27, compared to Rs 51.7 cr in Q1 FY26. Revenue from operations grew 3.9% YoY to Rs 978.9 cr. The Board declared a substantial interim dividend of Rs 25 per share (500% of face value), which represents a ~3.6% yield on the current price of Rs 699.9. The record date for the dividend is August 19, 2026, with payments starting September 2, 2026.

Interim dividend of Rs 25 per equity share declared for the financial year ending March 31, 2027
Standalone Revenue from operations increased to Rs 978.9 cr in Q1 FY27 from Rs 941.8 cr in Q1 FY26
Standalone Net Profit grew 23.4% YoY to Rs 63.8 cr, with EPS rising to Rs 4.96 from Rs 4.02
Foreign exchange loss of Rs 7.77 cr recorded in Q1 FY27 due to license rights liability translation
Record date for the interim dividend is set for Wednesday, August 19, 2026

💡 Monitor the sustainability of margin improvements and the impact of premiumization (Hush Puppies) on volume growth. Watch for the record date of August 19, 2026, to be eligible for the Rs 25 dividend.

Bata India Q1 PAT Grows 23% to ₹63.7 Cr; Announces ₹25 Interim Dividend

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 11 Aug 2026, 08:17 PM

Bata India reported a strong start to FY27 with a 23% YoY increase in PAT to ₹63.7 cr, marking its third consecutive quarter of accelerating growth. Revenue grew 4% YoY to ₹978.9 cr, supported by a 130 bps expansion in gross margins and a 10% reduction in gross inventory. A significant interim dividend of ₹25 per share was declared, totaling ₹321.3 cr, which represents over 20% of the company's net worth. Despite global freight challenges, the company increased advertising spend by 25% to drive premiumization.

PAT increased by 23% YoY to ₹63.7 cr for the quarter ended June 30, 2026.
Declared an interim dividend of ₹25 per share, involving a total payout of ₹321.3 cr.
Gross margins expanded by 130 bps, driven by higher full-price sales and lower markdowns.
Gross inventory levels reduced by over 10% compared to the previous year.
Advertising investments increased by approximately 25% to bolster consumer engagement.

💡 Investors should monitor if the premiumization strategy and 'Zero Base Merchandising' (now in 775 stores) can sustain margin expansion despite modest 4% topline growth. The high dividend payout relative to TTM profits suggests a strong cash position but warrants a watch on future capex availability.

Rs 25 Interim Dividend Declared; Q1 FY27 Net Profit Rises 23% YoY to Rs 63.8 Cr

🟢 POSITIVE ⭐ 8/10

DIVIDEND 📅 11 Aug 2026, 08:12 PM

Bata India has declared a substantial interim dividend of Rs. 25 per share (500% of face value) for FY27, with a record date of August 19, 2026. The total estimated payout of ~Rs. 321.3 cr is significantly higher than the TTM PAT of Rs. 134 cr, indicating a strong cash position or reserve utilization. For Q1 FY27, the company reported a 23.4% YoY increase in standalone net profit to Rs. 63.8 cr, despite a modest 3.9% growth in revenue to Rs. 978.9 cr. Operating margins remain a key focus as the company navigates foreign exchange volatility and competitive pressures.

Declared an interim dividend of Rs. 25 per equity share of face value Rs. 5 each.
Standalone Q1 FY27 Net Profit increased to Rs. 63.79 cr from Rs. 51.70 cr in the same quarter last year.
Revenue from operations for Q1 FY27 grew to Rs. 978.95 cr, up 3.9% YoY.
Total dividend payout estimated at ~Rs. 321.3 cr, representing ~240% of TTM Net Profit.
Record date for the dividend is set for August 19, 2026, with payment starting September 2, 2026.

💡 Investors should monitor the sustainability of high dividend payouts relative to annual earnings and track the progress of the premiumization strategy (Hush Puppies) and Quick Commerce expansion to drive volume growth.

Bata India Q1 FY27: Rs 25 Interim Dividend Declared as Net Profit Rises 22.7% YoY

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 11 Aug 2026, 07:08 PM

Bata India reported a steady Q1 FY27 with revenue from operations growing 3.9% YoY to Rs 978.95 cr. Net profit saw a significant jump of 22.7% YoY to Rs 63.79 cr, compared to Rs 51.99 cr in Q1 FY26, primarily due to the absence of exceptional VRS costs. The board has declared a substantial interim dividend of Rs 25 per share (500% of face value), with a record date of August 19, 2026. This dividend payout represents approximately 20.2% of the company's net worth, signaling strong cash distribution despite a challenging retail environment.

Revenue from operations increased to Rs 978.95 cr in Q1 FY27 from Rs 941.85 cr in Q1 FY26.
Net profit grew 22.7% YoY to Rs 63.79 cr, up from Rs 51.99 cr in the corresponding quarter last year.
Interim dividend of Rs 25 per share declared, involving a significant cash outflow relative to quarterly profits.
Foreign exchange loss of Rs 2.77 cr recorded due to translation of license rights liability amid USD-INR volatility.
Operating expenses (Other Expenses) rose to Rs 218.53 cr from Rs 188.63 cr YoY, reflecting continued investment in expansion.

💡 Investors should monitor the sustainability of the 20%+ profit growth in the absence of one-off costs and track the progress of the premiumization strategy (Hush Puppies) and sneaker category expansion.

Bata India Schedules Q1FY27 Earnings Call for August 13, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 04 Aug 2026, 02:05 PM

Bata India has announced its post-earnings conference call for Q1FY27, scheduled for August 13, 2026, at 4:30 PM IST. The call will feature top management, including MD & CEO Gunjan Shah and CFO Amit Aggarwal, to discuss the company's performance. This comes after a challenging FY26 where TTM PAT dropped to ₹134 Cr from ₹331 Cr in FY25. Investors will be looking for updates on the company's premiumization strategy and recovery in the value segment.

Earnings call scheduled for August 13, 2026, at 4:30 PM IST
Management participation includes MD & CEO Gunjan Shah and CFO Amit Aggarwal
TTM Revenue stands at ₹3,515 Cr with a current P/E of 68.6
Recent Mar 2026 quarterly PAT was ₹2.21 Cr, significantly lower than the ₹66.1 Cr reported in Dec 2025

💡 Monitor the Q1FY27 financial results release prior to the call for updates on gross margin recovery and the impact of the 14% increase in Average Selling Price (ASP).

View All BATAINDIA Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

In Q2 FY26, Bata.com grew by 25% YoY. Quick Commerce (Zepto & Swiggy Instamart) contributed 5.1% to turnover. Omni-channel (Home Delivery) accounted for 3.8% of retail turnover. FY24 standalone operating income was INR 3,478.41 Cr, a marginal growth of 0.78% from INR 3,451.57 Cr in FY23.

Geographic Revenue Split

Not disclosed in available documents, though the company operates in 1,635 towns across India.

Profitability Margins

FY24 standalone PAT margin was 7.5% (INR 259.93 Cr) compared to 9.2% (INR 319.12 Cr) in FY23. Q2 FY26 PAT margin was 2.7%, a decline of 351 bps YoY. Gross margins in Q2 FY26 were impacted by early GST benefit pass-throughs and channel partner incentives.

EBITDA Margin

FY25 EBITDA margin was 21.07% compared to 22.52% in FY24. Q2 FY26 margins were pressured by a 2X increase in marketing spend (3.5% vs 1.5% LY) and a VRS cost of INR 8.3 Cr.

Credit Rating & Borrowing

ICRA maintained ratings with an interest coverage ratio of 6.31x in FY24 (down from 6.82x in FY23). Total debt/OPBDIT was 1.7x in FY24.

⚙️ Operational Drivers

Raw Materials

Canvas, rubber, leather, and plastic are the primary raw materials used for footwear production.

Capacity Expansion

The company operates 4 manufacturing units at Batanagar (Kolkata), Bataganj (Bihar), Peenya (Bangalore), and Hosur (Tamil Nadu). Specific capacity expansion figures were not disclosed.

Raw Material Costs

Not disclosed as a specific percentage of revenue, but the company monitors raw material prices and inflation to mitigate adverse effects on results.

Logistics & Distribution

Omni-channel delivery is enabled in 40% of stores with a 4-hour turnaround time (TAT). Distribution network includes 2,053+ retail outlets and 1,635 towns.

📈 Strategic Growth

Growth Strategy

Growth is driven by premiumization through Hush Puppies (150+ EBOs), expansion into Quick Commerce (Zepto/Swiggy), and increasing town coverage to 1,635. The company is also re-indexing products at competitive price points while charging premiums for technology-driven features like Power Easy Slide and Bata Comfit.

Products & Services

Footwear (Canvas, Rubber, Leather, Plastic), Sneakers, Sports shoes, School shoes, and premium casual/formal shoes.

Brand Portfolio

Bata, Hush Puppies, Power, Bata Comfit, North Star, and Easy Slide.

New Products/Services

New product launches include Power Easy Slide and the 'float story' created over 3 years, contributing to a 14% increase in Average Selling Price (ASP).

Market Expansion

Expansion of Hush Puppies EBOs from <100 to 150+ in two years. Added 413 KROs (Key Retail Outlets) in Q2 FY26 to reach a total of 1,478.

Market Share & Ranking

The company reported gaining market share in select categories despite overall sluggish market conditions.

Strategic Alliances

Partnerships with Zepto and Swiggy Instamart for Quick Commerce in 25+ cities through 140+ superstores.

🌍 External Factors

Industry Trends

The industry is shifting toward digital channels and premiumization. Bata is positioning itself by expanding its sneaker/sports category and modernizing IT systems for better customer experience.

Competitive Landscape

Increasing competition from both domestic and international players, especially at the lower price points (bottom of the pyramid).

Competitive Moat

Bata's moat is built on its massive distribution network (2,053+ stores, 14,800 MBOs) and strong brand legacy, particularly in the school and value-added segments.

Macro Economic Sensitivity

Sensitive to inflation and raw material price volatility, which are monitored to minimize impact on sales and costs.

Consumer Behavior

Millennials and Gen Z are driving the need for continuous evolution in the product portfolio mix and digital shopping experiences.

Geopolitical Risks

Geo-political factors are monitored for their potential adverse effects on business operations and results.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to GST and customs-related regulations. The company continuously adapts to changes in government laws to minimize adverse impacts.