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Bata India Ltd Q4 & FY21 Results Analysis | Yadnya Investment Academy

Bata India Ltd Q4 & FY21 Results Analysis | Yadnya Investment Academy

Published on 11 June 2021|
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Q4 financial results:

Standalone

  • 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.

Consolidated

  • 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

Standalone

  • 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.

 

Consolidated

  • 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.

Dividend

  • The Board of Directors recommended a final dividend of Rs. 4 per share for FY21.

 

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