Bata India in the first quarter of FY22 reported growth of 97.7% YoY in its revenue to Rs. 267 Cr. against Rs. 135 Cr. in the same quarter of the previous year. Sequentially, the revenue of the company has gone down by 54.7% from Rs. 590 Cr. in Q4FY21.
The Earnings before Interest, Tax, Depreciation, and Amortisation (EBITDA) of the company has gone negative to Rs. -31.5 Cr. in Q1FY22 from Rs. 112 Cr. in Q4FY21.
The EBITDA Margin is again in negative territory at -11.8% in Q1FY22, the same was 19% in the previous quarter.
The company reported a loss before tax of Rs. 92.4 Cr. in Q1FY22 against Rs. -134.7 Cr. in Q1FY21 and Rs. 40.4 Cr. in Q4FY21.
Bata India reported the loss of Rs. 69.5 Cr. in Q1FY22, the same was Rs. -100.9 Cr. in Q1FY21.
Bata India- Q1FY22 Result
Q1FY22 Highlights:
Sales across retail outlets remained largely subdued, owing to the second wave of Covid-19 infections and ensuing lockdowns.
Sales through digitally-enabled services continued to witness an uptick and now contribute to 15% of total sales in the current quarter.
Sales through e-commerce platforms continued to remain robust and witnessed an uptick despite the restrictions.
Bata India continued to strengthen its retail presence in tier 3-5 cities by opening 7 new franchise stores during the first quarter despite the lockdown, taking the overall tally to 234 franchise stores.
The brand also scaled up its website and continued to reach out to its customers through hyperlocal channels - Bata Chatshop and Bata Store on Wheels, thereby making the remote shopping experience more convenient.
The Company continued to expand l&D Business across new towns and enterprises reaching 900+ towns.
Change in Management:
Appointment of Mr. Gunjan Shah, Whole-time Director, and CEO as the Managing Director and CEO (KMP) of the Company, for a term of 5 (five) consecutive years w.e.f. October 1, 2021.
Ms. Kanchan Chehal is appointed as a Whole-time Director (Designation: Director HR and CHRO) of the Company, for 5 (five) consecutive years w.e.f. August 16, 2021.
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