Bata India falls after quarterly profit drop
29/05/2026 06:31
BUZZ-Bata India falls after quarterly profit drop ** 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)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))