For fiscal year 2019 20,Bata India’s net profit was almost flat at Rs 328.95 crore. It stood at Rs328.99 crore in the previous year.Revenue from operation rose 4.26 percent to Rs 3,056.11 crore in 2019 20 as against Rs 2,931.10 crore in 2018 19.”It is gratifying that despite closure of our retail outlets due to the lockdown, we were able to close the year with turnover and profit growth. This was possible on account of focus on diversification of product portfolio, consumer centric campaigns, new and franchise store openings, non retail and digital businesses,” Bata India CEO Sandeep Kataria said.The company is expanding its e commerce footprint and ramping its presence in online marketplaces, allowing delivery in over 1,300 cities, rolling out home delivery across over 900 stores, he added.Bata India is also giving its customers an option to shop from homes via WhatsApp chat with neighbourhood stores of the company, Kataria said.On future outlook, Bata India said it is closely working with the Council for Footwear, Leather and Accessories (CFLA) and Retailers Association of India (RAI) to take up industry relevant issues like rentals, safety of customers and retailers’ needs.”In parallel, it is working on various cost optimisation measures including rentals renegotiation, closure of unviable stores and digitalisation drive across the organisation etc to eliminate redundancies and bring efficiency in value chain,” the company said.In a separate filing, Bata India said its board has recommended a dividend of Rs 4 per equity share for the financial year ended March 31, 2020.The board also approved re appointment of Ram Kumar Gupta as Director Finance (Chief Financial Officer and Key Managerial Person) of the company for a period of three years from August 19, 2020, it said..
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