We have opened almost 29 stores this quarter and around 67 stores in H1, Rajeev Gopalakrishnan, President of Asia South, Bata Emerging Markets told CNBC-TV18.
Bata has seen a strong operational performance in Q2FY18 though revenues have come below estimates. In an interview with CNBC-TV18, Rajeev Gopalakrishnan, President of Asia South, Bata Emerging Markets spoke about the results and his outlook for the company.
Q2 was good in terms of profitability. We are getting affected in the wholesale business. Wholesale business contributes 15 percent to company. Retail business was up by 9-10 percent and wholesale was down by 10-12 percent in H1, he said.
On same-store-sales growth, he added, “It was more or less close to 6 percent for H1FY18.”
The company posted 4-5 percent same-store-sales growth for this quarter.
We should be touching close to 12-12.5 percent margins by yearend, said Gopalakrishnan.
We have opened almost 29 stores this quarter and around 67 stores in H1, he further mentioned.For full interview, watch accompanying video...