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 India has put its best foot forward this quarter after posting a decent set of numbers. In an interview to CNBC-TV18, Rajeev Gopalakrishnan, President-Asia South, Bata India spoke about the results and his outlook for the company.
Bata India, India's largest footwear retailer is looking to get even bigger with plans to open about 110 more stores this year. Bata has just opened 65 stores in FY18 already. In an interview to CNBC-TV18, Rajeev Gopalakrishnan, MD and CEO of the company discussed that and more about the company’s plans going forward.
In an interview to CNBC-TV18, Chander Agarwal, MD & CEO, TCI Express spoke about the results and his outlook for the company.
The company‘s key focus is to grow in double-digit and scale up margins going forward, said Rajiv Gopalakrishnan, Managing Director & President-South Asia, Bata India.
Group MD of Bata India Rajeev Gopalakrishnan said that the company had shut almost 35 stores in this quarter, but it is likely to open bigger stores in same location, so its turnover is lower.
Footwear brand Bata India's net profit rose by 28.6% to Rs 52.6 crore in the quarter ended June. However, the company's sales growth was disappointing in the second quarter and Rajeev Gopalakrishnan, MD of Bata said sales were hit by a delayed monsoon.