Bata India Ltd is a leading footwear manufacturer and retailer based in India. Incorporated in 1931, the company is a subsidiary of the Bata Shoes Organization and operates in the footwear, accessories, and apparel lines of business, and is one of the most popular brands in India. Bata India is the largest retailer and manufacturer of footwear in the country. The company is engaged in the business of manufacturing and trading of footwear and accessories through their retail and wholesale network.
The company has established itself as a household name in India over its nine decades of operations. As of June 2024, the Bata Corporation holds a 50% stake in the company. Founded in 1894 in the Czech Republic, Bata Corporation is the world's leading shoemaker by volume, having a retail presence of over 5,300 shops in more than 70 countries across 5 continents, and operates 21 production facilities in 18 countries. This global backing provides Bata India with significant operational expertise and international market insights.
The company sells a wide range of products, including shoes, sandals, slippers, chappals, bags, sunglasses, wallets, and other accessories. Its popular brands include Bata, Hush Puppies, Power, Marie Claire, Weinbrenner, Naturalizer, and North Star. Bata India Ltd also offers a wide range of apparel for men, women, and kids. Their products include leather footwear, rubber/canvas footwear, and plastic footwear.
The company has successfully diversified its portfolio to cater to various consumer segments and price points. It sells its products primarily under the Bata, Bata Red Label, Marie Claire, Hush Puppies, Naturalizer, Bata Comfit, North Star, Power, Floatz by Bata, Disney, Bubblegummers, Footin, Scholl, CAT, Weinbrenner, Bata 3D, and Bzees brands. This extensive brand portfolio allows the company to address different market segments from premium to mass market categories.
The company has a presence in more than 1,500 cities across India, with over 1,800 stores. It also has a strong online presence, with an e-commerce portal and an app. It retails through a presence across nation (PAN) India network of over 1860 company-owned company-operated (COCO) and franchise stores, its own Website (www.bata.in), and other marketplaces.
The company's distribution strategy combines both company-owned and franchise models, providing flexibility and cost-effectiveness in expansion. It has a strong pan-India retail presence with 1569 stores across cities including franchisee stores. This extensive network ensures that Bata products are accessible to consumers across urban and semi-urban markets throughout India.
The market capitalization of Bata India Ltd (BATAINDIA) is ₹16,434.82 Crore as of May 28, 2025. Bata India Ltd has a market capitalization of ₹15,793 Crore as on July 2, 2025. As per Value Research classification, it is a Mid Cap company. The company's substantial market capitalization reflects its strong position in the Indian footwear market.
Recent financial performance shows mixed results. For the entire year, Bata's net profit stood at ₹330.66 Crore, marking a 46% jump from ₹226.51 Crore in FY24. However, revenue from operations stood at ₹3,488.79 Crore in FY25, largely flat compared to ₹3,478.61 Crore in the previous year. This indicates that while the company has improved its profitability significantly, revenue growth remains challenging in the current market environment.
- Revenue (FY25): ₹3,488.79 Crore
- Net Profit (FY25): ₹330.66 Crore
- Market Cap (May 2025): ₹16,435 Crore
- P/E Ratio: 62.61
- P/B Ratio: 10.76
- Dividend Yield: 0.94%
Bata India on Wednesday reported a consolidated net profit of ₹45.92 Crore for Q4 FY25, down 27.8% from ₹63.65 Crore in Q4 FY24. On a sequential basis, the company's profit declined 21.8% from ₹58.70 Crore reported in Q3 FY25. Revenue from operations for the footwear major stood at ₹788.21 Crore in Q4 FY25, marginally down 1.2% from ₹797.87 Crore in the year-ago period.
The company's quarterly performance has shown some volatility. Bata India Ltd's net profit jumped 1.24% since last year same period to ₹58.70 Crore in Q3 FY2024-2025. However, the Q4 FY25 results showed a decline compared to the previous year, indicating challenges in maintaining consistent growth momentum.
The company has delivered a poor sales growth of 2.68% over the past five years. This modest growth rate reflects the challenges facing the traditional retail footwear sector, including increased competition and changing consumer preferences.
Bata India has been focusing on strategic initiatives to drive growth and improve profitability. "Despite navigating through the demand headwinds persisting during the quarter, we managed to gain volumes and in line with our strategy of driving volume led growth... Our initiatives on inventory, merchandising and decluttering worked well and all key inventory metrices improved. We added 19 Franchise Stores in the quarter driven by franchise model focused on town expansion/semi-urban markets."
The company is emphasizing its asset-light expansion model through franchising, which helps reduce capital requirements while expanding market reach. This strategy is particularly focused on Tier-2 and Tier-3 cities where there is still significant growth potential for organized footwear retail.
The board of directors of the company have recommended a final dividend of ₹9 per share, subject to the approval of shareholders. Bata India announces ₹9/share final dividend for FY25 with TDS details and shareholder tax compliance forms. This demonstrates the company's commitment to returning value to shareholders despite facing revenue growth challenges.
The 52-week high of Bata India Ltd (BATAINDIA) is ₹1633 and the 52-week low is ₹1140.30. The P/E (price-to-earnings) ratio of Bata India Ltd (BATAINDIA) is 62.61. The P/B (price-to-book) ratio is 10.76. These valuation metrics suggest the stock is trading at premium valuations, which may be justified by the company's strong brand recognition and market position.
Promoter holding in Bata India Ltd has remained stable at 50.16% as of March 2025 (unchanged from June 2024). The stable promoter holding indicates confidence from the parent company in the Indian operations.
The company operates in a competitive market environment but benefits from its strong brand equity, extensive distribution network, and diversified product portfolio. While revenue growth has been modest, the improvement in profitability margins suggests effective cost management and operational efficiency improvements. Investors should consider the company's strong market position against the backdrop of challenging growth conditions in the retail sector.
