Bata India Ltd Q4 & FY21 Results Analysis | Yadnya Investment Academy
Published on 11 June 2021|
Q4 financial results:
Revenue from operations for Q4FY20 was Rs. 619.7 crores and in Q4FY21 Rs. 589.907 crores, a fall of (5%).
EBITDA fell from Rs. 155.93 crores in Q$FY20 to Rs. 126.45 crores in Q4FY21 by (18.9%).
PBT fell by (29.71%) from Rs. 57.37 crores in Q4FY20 to Rs. 40.33 in Q4FY21.
PAT also decreased from Rs. 37.61 crores in Q4FY20 to Rs. 29.44 crores in Q4FY21 by (21.72%).
Bata improved its online and retail consumers' experiences by investing in new technologies in areas such as ticketing, online reputation management, a new contact center partner, and automating eCommerce procedures.
In the fourth quarter, Bata strengthened its e-commerce and omnichannel capabilities by expanding its range across all platforms.
Bata continued to cut costs by working with landlords on shop rentals, limiting discretionary spending, and finding new ways to save money.
Revenue from operations for Q4FY21 was Rs. 589.91 crores as against Rs. 620.57 crores in Q4FY20, down by (5%).
EBITDA saw a decline of (19.3%) from Rs. 156.76 crores in Q4FY20 to Rs. 126.51 crores in Q4FY21.
PBT declined by (30.61%) from Rs. 58.19 crores in Q4FY20 to Rs. 40.38 crores in Q4FY21.
PAT has fallen from Rs. 38.41 crores in Q4FY20 to Rs. 29.47 crores in Q4FY21 by (23.28%).
Because the third quarter finished on a higher note due to holiday sales, the Q4 statistics showed a steady and consistent increase in line with the quarter's seasonality.
Financial results for FY21
Revenue from operations for full FY fell drastically from Rs. 3053.45 crores in FY20 to Rs. 1707.3 cores in FY21 by (44%).
EBITDA went down by (72%) from Rs. 898.59 Crores in FY20 to Rs. 250.58 Crores in FY21.
PBT for FY21 was a loss of Rs. (117.69) crores from profits of Rs. 485.08 crores in FY20, hence, a fall of (124%).
PAT from a profit of Rs. 326.92 crores in FY20 declined by (127.62%) to stand at a loss of Rs. (90.28) crores in FY21.
The company has sufficient financial reserves and is reducing discretionary spending in order to eliminate redundancies and improve efficiencies throughout its value chain. With the roll-out of vaccines for everyone over the age of 18, Bata India remains optimistic that sales will pick up again.
Revenue from operations reduced by (44.1%) from Rs. 3056.11 crores in FY20 to Rs. 1708.48 crores in FY21.
EBITDA slumped by (72%) from Rs. 900.77 Crores in FY20 to Rs. 251.66 Crores in FY21.
PBT from Rs. 487.24 crores in FY20 went on to decline by (123.94%) to stand at a loss of Rs. (116.64) crores in FY21.
PAT also reduced by (127%) to stand at a loss of Rs. (89.31) Crores in FY21 as compared to Rs. 328.95 Crores in FY20.
Bata India's eCommerce and omnichannel capabilities have been enhanced to encompass more pin codes across India. Bata also continued to grow its retail network in tier 3-5 towns through franchisees, opening 10 new franchise locations and employing new multi-brand distributors.
Kartik Aaryan, a prominent Bollywood actor, has joined Bata India as a brand ambassador.
The Board of Directors recommended a final dividend of Rs. 4 per share for FY21.
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