Bata India's fourth quarter profit after tax is seen rising 24.8 percent year-on-year to Rs 65.8 crore, according to the average of estimates of analysts polled by CNBC-TV18. Adjusted profit may increase 10.7 percent on yearly basis.
Total income of the footwear maker is expected to increase 12.3 percent year-on-year to Rs 622 crore during the quarter led by price hikes and improving realizations.
Analysts feel December quarter is likely to reflect continued moderation in retail footfalls. The company follows January-December as its financial year.
Operating profit may rise 7.4 percent Y-o-Y to Rs 107 crore but margin may fall 80 basis points to 17.2 percent in the quarter gone by.
Operating expenses could go up almost 300 basis points in December quarter due to higher promotional expenses. Higher tax burden could pull down profit growth, although marginally. Key factors to watch out for in Q4 results:-Same-store-sales (SSS) growth-New store additions
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
