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Earnings Call

Bata India Earnings Call: Key Takeaways

Bata India reported Q4 FY26 value growth of 5%+. Management highlighted volume-led growth, inventory reduction by 28% over two years, and expansion of the EBO network to over 2,000 stores.

Highlights
Revenue growth5% value growth in Q4 FY26.
MarginsGross margin dilution from franchise mix; underlying full-price sales accretive.
Demand visibilityRevival signs in value segment (<₹1,000); sneakers show strong momentum.
Management confidenceHigh; citing inventory simplification and premiumization as growth levers.

Growth

Achieved 5%+ value growth; like-to-like PBT grew 11% excluding exceptional items. E-commerce grew 81% YoY.

Outlook

Targeting 1,000 franchise stores (from 700+) and 80% ZBM store coverage by next quarter.

Risks

Raw material inflation (5-6%) and structural minimum wage hikes in several states pose margin headwinds.

Last quarter's promises, checked

Delivered

  • Targeted 2,000 franchise stores → achieved 2,000+ (= BEAT)
  • Guided for inventory reduction trend → delivered 25-28% reduction over 2 years (= BEAT)
  • Targeted 200 Hush Puppies EBO exit → achieved 200+ (= BEAT)

Partly delivered

  • Targeted 1,000 franchise stores → achieved 700+ (= PARTIAL)
  • Targeted full network ZBM coverage → achieved 80% coverage (= PARTIAL)

Missed

  • Aspiration for double-digit growth → delivered 5% value growth (= MISS)
Source

Earnings Call filed with BSE, NSE: BATAINDIA. Summary written with AI assistance from the document.

Read the document ↗

Bata India Ltd: key numbers

Share price
₹629.80
Market cap
₹8,095 Cr
Revenue (annual)
₹3,516 Cr
Net profit (annual)
₹134.2 Cr
P/E (TTM)
55.4×Sector 67.6×
Promoter holding
50.16%+0.00% QoQ
FII holding
6.38%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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