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Bata India shares jump over 4.5% on Friday's trade 

Bata India reported a 4.22% rise in its consolidated net profit to 65.62 crore in the March quarter.

Its gross margin improved 80 basis points (bps) YoY to 58.4%.

The company reported a 17% surge in revenues to 778.58 crore in Q4 from 665.24 crore in the previous fiscal.

Bata India's net profit increased 213% to 323 crore in FY23.

Its consolidated revenue from operations was 3,452 crore, 44.5% higher than FY22 revenue of 2,388 crore.

Bata India's stock opened 1.80% higher at rupees 1,553 apiece and surged further during the early trade to rupees 1,596.40, up by 4.64%.

The stock has gained 8.68% in a month and is 23% lower than its 52-week high of rupees 2,004.

Brokerage firm Sharekhan reaffirmed its 'buy' rating on the stock with a target price of rupees 1,775 apiece.

Bata India will step up its marketing investments in the coming year to fuel accelerate growth momentum.

Click here to know more about Bata India. 

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Bata India shares jump over 4.5% on Friday's trade; Here's why!

During the last few quarters, the company has witnessed consistent demand for casual and comfortable footwear. This is due to the increasing trend for the purchase of non-occasion wear and the demand for comfort and style.

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Bata India shares jump over 4.5% on Friday's trade; Here's why!

During the last few quarters, the company has witnessed consistent demand for casual and comfortable footwear. This is due to the increasing trend for the purchase of non-occasion wear and the demand for comfort and style.

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