Bata india

Bata India has appointed Sanjay Rao as its new Managing Director and Chief Executive Officer, effective from August 24, 2026. He will take over from Gunjan Shah, who will step down after completing his five-year term on September 30, 2026. Rao joins from Nike, where he served as Senior Director for the France and Benelux markets. He previously held senior roles at Inditex, helping establish Zara's business in India through a joint venture with the Tata Group, and served as Country Director for Guess in France. The board expressed gratitude for Shah's leadership and contribution during his tenure.

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** Footwear maker and retailer Bata India's BATA.NS shares rise 17.1% to 794.3 rupees, hitting their highest level since Feb. 26

** Co appoints Sanjay Rao as CEO effective Aug. 24

** Also appoints Rao as Managing Director from Oct. 1, 2026 to Aug. 23, 2031

** Bata trades at forward 12-month PE of 35.26 vs industry median of 25.34

** Three brokerages rate the stock "buy" or higher, 4 "hold" and 9 "sell" or lower; median PT is 745 rupees

** YTD, Bata down 15.8% vs 4.2% fall in Nifty 200 Index .NIFTY200

(Reporting by Abhinav Parmar in Bengaluru)

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** Shares of Bata India BATA.NS fall as much as 4.45% to 661.75 rupees, set for the biggest intraday pct drop since March 30

** Stock last down 3.05% at 671.90 rupees

** Footwear retailer reported a 95.2% y/y drop in Q4 profit to 22.1 million rupees ($231,507.67), hurt by a one-time charge of about 281 million rupees

** JM Financial says weak margins weighed on profitability as gross margin contracted 240 basis points y/y, offsetting improving demand momentum

** BATA rated "Sell" on average by 16 analysts, median PT at 895 rupees- data compiled by LSEG

** YTD stock down 28.82%

($1 = 95.4612 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

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May 27 (Reuters) - Footwear chain Bata India BATA.NS, which retails international brands such as Hush Puppies and Scholl in the country, posted a 95% drop in fourth-quarter profit on Wednesday, hurt by one-time charges and higher costs.

• Consolidated profit fell to 22.1 million rupees ($230,954.12) for the March quarter, from 459.2 million rupees a year ago

• The company incurred a one-time charge of about 281 million rupees towards voluntary retirement schemes

• Total expenses rose about 9%, outpacing revenue growth, due to a roughly 12% rise in raw material costs

• Other expenses also jumped 26% in the quarter, partly due to a one-time non-cash forex loss of 224 million rupees linked to currency devaluation

• Bata's profit before exceptional items and tax stood at 318.7 million rupees during the quarter, down about 49% from a year ago

• Consolidated revenue from operations rose 5% to 8.28 billion rupees in the quarter

• Rival Campus Activewear CAMU.NS on Monday said it has hiked prices across its portfolio to offset elevated input costs, particularly in crude-linked raw materials such as EVA and polyurethane

• Bata, which has more than 1,375 stores in the country, is focusing on casual and athleisure lines to attract younger shoppers and benefit from demand revival following the consumption tax cuts

($1 = 95.6900 Indian rupees)

(Reporting by Urvi Dugar and Devika Nair in Bengaluru)

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** Shares of Bata India BATA.NS rise 2.2% to 904 rupees

** Footwear chain owner posts 13% rise in Q3 profit, helped by festive demand and consumption tax cut; rev up 3%

** Stock rated "sell" on avg by 16 analysts; median PT 985 rupees - data compiled by LSEG

** YTD, BATA down 1.6%

(Reporting by Aleef Jahan in Bengaluru)

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Feb 9 (Reuters) - Footwear chain Bata India BATA.NS posted a 13% rise in its quarterly profit on Monday, helped by festive demand and consumption tax cuts by the government.

The company, which sells Hush Puppies and North Star shoes in India, posted a consolidated quarterly profit of 661 million rupees ($7.29 million) for the third quarter ended December 31, up from 587 million rupees a year earlier.

Bata's quarterly revenue rose 3% to 9.45 billion rupees, returning to growth after declines in the first two quarters.

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KEY CONTEXT

India's government last September cut the goods and services tax on footwear priced below 2,500 rupees, supporting demand for affordable shoes.

Bata India had flagged signs of a recovery in demand during the local festive season late last year after reporting a steep profit decline in the July–September quarter, when consumers delayed purchases to wait for lower tax rates.

Peers Metro Brands METB.NS and Campus Activewear CAMU.NS also posted strong quarterly profit growth in the corresponding period.

PEER COMPARISON

* The mean of analysts' ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell

** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT

OCTOBER-DECEMBER STOCK PERFORMANCE FOR PEERS

-- All data from LSEG

-- $1 = 90.6540 Indian rupees

(Reporting by Surbhi Misra in Bengaluru and Praveen Paramasivam in Chennai; Editing by Ronojoy Mazumdar and Shreya Biswas)

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By Vibhuti Sharma and Aditya Kalra

MUMBAI, Jan 13 (Reuters) - Indian footwear firm RedTape is wooing proposals from private equity firms Blackstone and KKR as its founders look to sell a majority stake or even their entire holding worth nearly $510 million, according to sources and a document seen by Reuters.

Launched in 1996, RedTape REDT.NS competes with global giants such as Nike NKE.N, Adidas ADSGn.DE, Bata India BATA.NS, and Campus Activewear CAMU.NS in a sector set to grow 11% a year to $21 billion by 2028, market research firm 1Lattice estimates.

RedTape's founding family, the Mirzas, have appointed global consultancy Ernst & Young as the exclusive financial adviser for "divestment of their stake", according to a document dating from December detailing the planned transaction, seen by Reuters.

EY has reached out to private equity firms Blackstone and KKR & Co to explore potential offers for the family's stake, said two of the three sources.

It is currently seeking non-binding indicative offers, added one of the three sources, who all sought anonymity, as the process is confidential.

RedTape's Managing Director Shuja Mirza and his father, the company's chairman, Rashid Ahmed Mirza, did not respond to a request for comment from Reuters.

EY and KKR declined to comment, while Blackstone did not respond to Reuters queries.

POPULAR FOR LEATHER SHOES, SNEAKERS

Family-run Indian companies are luring foreign investors for their strong grip on domestic markets.

Singapore's state investor Temasek acquired a 10% stake in the snacks business of India's Haldiram's last year, valuing the company at about $10 billion.

While two of the sources said the Mirzas are eyeing the sale of at least a majority stake, they added they could consider selling the entire stake of 71.8% if they secure a good deal.

The third source said the family was keen only on the sale of the full stake.

At Monday's closing price, a stake of 50% of the company would be worth $355.58 million, while the entire 71.7% would be worth $509.42 million.

It was not immediately clear why the Mirzas were seeking to sell their stake. RedTape shares have been under pressure since early 2025 and lost 43% last year.

Popular for its leather shoes, RedTape has also diversified into sneakers, shirts, wallets and belts.

It sells items in more than 600 Indian retail stores and has a presence in 14 countries, from Australia to Britain and the United States, Australia, as well as in Europe and West Asia, the company says on its website.

RedTape earned revenue of $223.91 million in the fiscal year 2024/25, up 9.7% from a year earlier, though profit fell 3.5% to $18.84 million.

(Reporting by Vibhuti Sharma in Mumbai and Aditya Kalra in New Delhi; Editing by Clarence Fernandez)

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Jan 8 (Reuters) - Bata India Ltd BATA.NS:

• APPROVES VOLUNTARY RETIREMENT SCHEME AT HOSUR UNIT

Source text: ID:nNSEbWZlg8

Further company coverage: BATA.NS

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** Shares of Bata India BATA.NS fall 5.5% to 1,101 rupees, their lowest level since August 29

** Footwear retailer posts a 73.3% plunge in quarterly profit, marking its third straight decline

** Bottom line hit by deferred purchases ahead of expected tax cuts and a one-off voluntary retirement scheme expense at a factory

** Co posts 4.3% fall in revenue

** Seven of the 15 analysts covering BATA rate it "Sell" or "Strong Sell", five "Hold", while one rates it "Buy"; median PT is 1,085 rupees - data compiled by LSEG

** Stock down ~15%, YTD

($1 = 87.8950 Indian rupees)

(Reporting by Yagnoseni Das in Bengaluru)

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Oct 16 (Reuters) - Metro Brands METB.NS missed its second-quarter profit estimates on Thursday, as footwear demand softened in anticipation of India's consumption tax cuts.

The firm, which sells Crocs and Fila besides its own brands, posted consolidated quarterly profit of 676.9 million rupees ($7.69 million), missing analysts' expectation of 822.6 million rupees, according to data compiled by LSEG.

A consumption slowdown in India's urban centers have dragged earnings for footwear retailers including rivals Bata BATA.NS and Campus Activewear CAMU.NS, which are yet to report their results.

Metro's quarterly revenue grew about 11% to 6.51 billion rupees, helped by e-commerce sales that have grown 39% from a year ago.

But analysts expect a demand boost in the second half of the year due to festivals and tax cuts. Shares of the company have risen 7% since the consumption tax cuts were announced.

Demand remains strong for products that cater to upper middle class and richer Indians, despite the dampening effect of the high cost of living on overall urban consumption.

Metro has benefited from such premiumization as 54% of sales in the first half were from footwear retailing for more than 3,000 rupees.

($1 = 87.9930 Indian rupees)

(Reporting by Komal Salecha and Urvi Dugar; Editing by Sahal Muhammed)

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** Consumer durables NIFTY .NIFCODU rises 0.66% as India reduces GST on ACs, dishwashers, and many TVs to 18% from 28%

** Sub-index set to rise for sixth straight session

** Cut bodes well from long-term perspective for sector, especially for AC companies as it is significantly under-penetrated - ICICI Securities

** Adds, Voltas VOLT.NS, Blue Star BLUS.NS and Whirlpool WHIR.NS direct beneficiaries, as festive season looms

** VOLT down 0.7%; WHIR, BLUS rise 1.8% and 1.4%, respectively

** Footwear retailer Bata India BATA.NS gains most on index at 6.3%; Goldman Sachs says GST on 40% of Bata's sales under 1,000 rupees will drop to 5% from 12%, most of rest under 2,500 rupees will move to 5% from 18%

** Index up 8.4% since GST plans announced on Aug 15

(Reporting by Urvi Dugar)

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** Shares of Bata India Ltd BATA.NS fall as much as ~1.9 % to 1,163 rupees, their lowest level since March 2020

** Footwear retailer posts a 10% decline in Q1 consolidated profit before exceptional items and tax to 748.5 million rupees ($8.54 million)

** Co accounts for expenses of nearly 1% higher y/y amid weak consumer demand

** 8 of the 16 analysts covering BATA rate it "Sell" or "Strong Sell", seven "Hold", while one rates it as "Buy"; median PT is 1,225 rupees - data compiled by LSEG

** Stock down 16.5%, YTD

($1 = 87.6562 Indian rupees)

(Reporting by Urvi Dugar)

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Aug 11 (Reuters) - Bata India Ltd BATA.NS:

• BATA INDIA: OPTIMISTIC ABOUT CONSUMPTION RECOVERY TOWARDS BALANCE OF THIS YEAR

Source text: ID:nnAZN4CI7G3

Further company coverage: BATA.NS

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** India's Trent TREN.NS, Titan TITN.NS, Dabur DABU.NS are among companies that will benefit from reported indirect tax cut plan, says Goldman Sachs

** Broadcaster India Today reported, citing sources, that the government plans to cut 12% GST on certain items to 5% or eliminate the 12% tax slab altogether

** GST council did not immediately respond to Reuters' request for comment

** GST is the abbreviation for Goods and Services Tax, an indirect tax implemented in 2017

** 12% GST applies on apparel priced above 1,000 Indian rupees ($11.7), footwear priced below $11.7, confectionery, fruit drinks, jam, toothpowder and eyewear, among others - GS

** Brokerage also adds Bata India BATA.NS, Nestle India NEST.NS in beneficiary list

** Says reported tax cut plan could help improve consumer demand for branded products, potentially accelerating volume-led growth

** NEST up 0.5%, DABU rises 0.4%; TREN, TITN and BATA down 0.8%, 0.2% and 0.15% respectively

($1 = 85.6820 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

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By Dhwani Pandya, Arpan Chaturvedi and Elisa Anzolin

MUMBAI/MILAN, July 2 (Reuters) - Indian footwear sellers and artisans are tapping into nationalist pride stoked by the Prada 'sandal scandal' in a bid to boost sales of ethnic slippers with history dating back to the 12th century, raising hopes of reviving a struggling craft.

Sales are surging over the past week for the 'Kolhapuri' sandals that have garnered global attention after Prada sparked a controversy by showcasing similar designs in Milan, without initially crediting the footwear's origins.

After viral photos from a fashion show drew criticism from Indian artisans who make the sandals - named after a historic city in Maharashtra state - Prada was forced to acknowledge that its new open-toe footwear was inspired by ancient Indian designs.

"Prada 0: Kolhapur 1," said an Instagram post by e-commerce website Shopkop, whose founder Rahul Parasu Kamble's open letter to Prada pointing out the footwear is "soaked in tradition" was reshared 36,000 times on social media.

"I saw the controversy as a way to promote Kolhapuri," said Kamble, 33, who has seen sales of sandals he sources from local artisans touch 50,000 rupees ($584) in three days, five times the average.

Social media has been abuzz in recent days with criticism and sarcastic memes, with politicians, artisans and a trade body demanding due credit to Indian heritage.

Prada 1913.F has said it will arrange follow-up meetings with artisans. In a statement to Reuters on Tuesday, it added the Italian group intends to make the sandals in India in collaboration with local manufacturers, if it commercialises them.

BREEZY ADS, BIG DISCOUNTS

India's luxury market is small but growing, with the rich splurging on Lamborghini cars and pricey watches. Prada does not have a single retail store in India and its products are usually reserved for the super rich - its men's leather sandals start retailing at $844, while Kolhapuris can be priced as low as $12.

But linking of the Prada name to the Kolhapuri sandals, which are made by around 7,000 artisans, is providing a business opportunity for some.

Mumbai-based Ira Soles is running new Facebook and Instagram advertisements which proclaim its $32 "Tan Handcrafted Kolhapuris just walked the ramp at Prada ... Limited stock. Global spotlight. Own a piece of what the world is applauding.".

E-commerce website Niira is offering up to 50% discounts on its Kolhapuri slippers it says are "rooted in tradition". Its sales of $18 sandals, that looked like the one Prada showcased in Milan, have tripled, founder Nishant Raut said.

"Why can't an Indian Kolhapuri brand become as big as a Birkenstock," he said.

Handmade in small factories, Kolhapuri sandals, or chappals as they are called in Hindi, are often paired with Indian attire. Similar designs are sold in big outlets of Bata India BATA.NS and Metro Brands METB.NS, and also on Amazon AMZN.O and Walmart's WMT.N Flipkart.

In 2021, India's government said the sandals could achieve $1 billion a year in exports. Though latest estimates are not available, artisans say the business has struggled as consumers increasingly opt for more fashionable, upmarket footwear.

Still, the Prada controversy is breathing new life into a craft that Lalit Gandhi, president of Maharashtra's main industry lobby group, says is "a dying art". Gandhi said he is in talks with Prada to develop a co-branded, limited-edition sandal.

Kolhapur craftsmen Ashok Doiphode, 50, is pinning hopes on a Prada boost. He hand-stitches sandals for nine hours daily but can sell a pair for just 400 rupees ($5).

"If big companies like Prada come, craftsman like me can get a good price."

(Editing by Aditya Kalra and Muralikumar Anantharaman)

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** Shares of India's textile makers rise after Britain and India sign major trade agreement

** India's trade ministry said 99% of Indian exports would benefit from zero duty under the deal, including textiles

** Textile makers Gokaldas Exports GOKL.NS, Arvind Ltd ARVN.NS, K.P.R. Mill KPRM.NS, and Kitex Garments KITE.NS were up 7.2%, 3.3%, 7.9%, and 5%, respectively

** "India has advantage of cheap labour cost and high cotton supply, which benefit the domestic textile producers in long run," ICICI Securities said

** Adds, cos with integrated business model and high standards of quality production like Gokaldas Exports, KPR Mills, SP Apparels, Indo Count ICNT.NS and Welspun Living WLSP.NS will benefit from the pact in medium to long run

** ICNT jumps 6.5% and WLSP gains 7.3%

** ICICI Securities also says lower tariffs on footwear products is positive for Indian footwear companies such as Bata India BATA.NS, Metro brands METB.NS, Relaxo footwear RLXO.NS to explore opportunities in the UK market

(Reporting by Vijay Malkar)

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Feb 10 (Reuters) - Bata India Ltd BATA.NS:

• BATA INDIA Q3 CONSOL PROFIT 587 MILLION RUPEES; IBES EST. 737 MILLION RUPEES

• BATA INDIA Q3 CONSOL REVENUE FROM OPERATIONS 9.19 BILLION RUPEES; IBES EST. 9.59 BILLION RUPEES

Source text: ID:nnAPN2NA7QI

Further company coverage: BATA.NS

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** Indian footwear stocks jump as Finance Minister Nirmala Sitharaman announces new policy to support domestic leather industry, footwear sector

** Bata India BATA.NS and Metro Brands METB.NS rise 2.2% and 1.8% respectively; Liberty Shoes LIBS.NS jump 6.5%

** Relaxo Footwear RLXO.NS climbs 6%, Khadim India KHAD.NS and Campus Activewear CAMU.NS advance 2.5% and 5.2% respectively

** Sitharaman says policy measures expected to generate employment for 2.2 mln people, achieve revenue of 400 bln rupees

(Reporting by Hritam Mukherjee and Ashna Teresa Britto in Bengaluru)

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** Shares of Metro Brands METB.NS fall ~2.5% to 1,190 rupees

** Stock set for worst week since April 5, 2024, down 5.3% so far

** Footwear retailer posted 3.3% fall in Q3 net profit, while revenue rose by ~10%

** Total expenses climbed 10%

** Analysts' avg rating on METB is "Buy" while peers Bata India BATA.NS and Campus Activewear CAMU.NS are rated "Hold" - LSEG data

** Median PT on METB is 1,300 rupees - LSEG data

** Stock fell ~4% in 2024

(Reporting by Yagnoseni Das in Bengaluru)

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Dec 30 (Reuters) - Bata India Ltd BATA.NS:

• APPROVES INTRODUCTION OF VOLUNTARY RETIREMENT SCHEME FOR WORKMEN AT BATA SHATAK UNIT

Source text: ID:nBSE55hXBj

Further company coverage: BATA.NS

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Dec 23 (Reuters) - Bata India Ltd BATA.NS:

• BATA INDIA - APPOINTS AMIT AGGARWAL AS WHOLE-TIME DIRECTOR AND CFO

• BATA INDIA LTD - DURGESH SINGH CEASES TO HOLD CFO POSITION

Source text: ID:nBSE3RqJ6P

Further company coverage: BATA.NS

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Nov 22 (Reuters) - Bata India Ltd BATA.NS:

• APPOINTS DURGESH SINGH AS CFO

Source text: ID:nBSE2FYn8z

Further company coverage: BATA.NS

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** Shares of Bata India BATA.NS fall as much as 2.7% to 1,300.1 rupees, lowest since May 9

** Footwear maker posts smaller-than-expected Q2 profit, hurt by poor demand amid high inflation

** Reports 2.2% rise in rev to 8.37 bln rupees ($99.5 mln), lower than the 8.47 bln rupees expected by analysts - LSEG

** Stock rated "hold" on avg; median PT is 1,420 rupees

** BATA down 22% YTD

($1 = 84.1150 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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Nov 4 (Reuters) - Bata India Ltd BATA.NS:

• BATA INDIA - OPTIMISTIC ABOUT CONSUMPTION RECOVERY IN COMING QTRS ON FESTIVE SEASON MOMENTUM

Source text: ID:nBSE63FVql

Further company coverage: BATA.NS

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Aug 16 (Reuters) - Bata India Ltd BATA.NS:

• BATA INDIA LTD - ANIL RAMESH SOMANI RESIGNS AS CFO

Source text for Eikon: ID:nBSE7rQMr0

Further company coverage: BATA.NS

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** Shares of footwear retailer Metro Brands METB.NS down ~2% to 1,319 rupees, set to snap three consecutive sessions of gains

** Co reported Q1 revenue and profit below estimates on Friday, hurt by muted demand

** Analysts' avg rating on stock is "Hold" per LSEG data, in-line with Bata India BATA.NS, Campus Activewear CAMU.NS and Relaxo Footwears RLXO.NS

** Median PT on METB is 1,208 rupees - a 10% discount to last close

** Including session's losses, METB up ~4% YTD vs 4% gain in CAMU, 14% fall in BATA and ~10% fall in RLXO

(Reporting by Manvi Pant in Bengaluru)

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** Bata India BATA.NS down 3.2%, on a 4-session losing run

** Footwear retailer's Q1 profit before exceptional items and tax fell 42%; overall profit rose on one-time gain

** Rev fell marginally, hurt by weak demand due to elections, heat wave

** Around 1.4 mln shares traded, 2.6x 30-day avg volume

** BATA has shed 9% in 4 sessions, taking YTD losses to ~11%

** Metro Brands METB.NS, in contrast, is up 2.8% in 2024

** Still, analysts, on avg, rate both Bata and Metro the equivalent of "hold" -LSEG data

(Reporting by Nandan Mandayam in Bengaluru)

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Aug 6 (Reuters) - Bata India Ltd BATA.NS:

• BATA INDIA LTD - DIVIDEND 10 RUPEES PER SHARE

• BATA INDIA Q1 CONSOL PROFIT 1.74 BILLION RUPEES

• BATA INDIA Q1 CONSOL REVENUE FROM OPERATIONS 9.45 BILLION RUPEES

Source text for Eikon: ID:nBSEqTNcq

Further company coverage: BATA.NS

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Bata India Ltd BATA.NS:

• BATA INDIA LTD- CLOSURE OF SOUTHCAN UNIT, KARNATAKA

Source text for Eikon: ID:nBSE6xn8F

Further company coverage: BATA.NS

May 29 (Reuters) - Bata India Ltd BATA.NS:

• Q4 CONSOL PROFIT 636.5 MILLION RUPEES VERSUS 656.2 MILLION RUPEES

• Q4 CONSOL REVENUE FROM OPERATIONS 7.98 BILLION RUPEES VERSUS 7.79 BILLION RUPEES

• DIVIDEND 12 RUPEES PER SHARE

Source text for Eikon: ID:nBSEb0Q4Hj

Further company coverage: BATA.NS

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