Moneycontrol Bureau
Footware maker Bata India said profit in July-September quarter declined 36.4 percent year-on-year to Rs 34.6 crore. Income in Q2FY16 had an exceptional gain of Rs 31.8 crore.
Revenue during the quarter increased 1.6 percent to Rs 583.7 crore compared with Rs 574.7 crore in same quarter last year.
Operational performance was strong as EBITDA (earnings before interest, tax, depreciation and amortisation) grew by 11.5 percent year-on-year to Rs 53.5 crore and margin expanded by 80 basis points to 9.2 percent in Q2 due to lower other expenses (down 5 percent), depreciation cost (down 16.8 percent) and raw material cost (down 20.4 percent).
Other income increased to Rs 14.06 crore during the quarter from Rs 9.72 crore in same quarter last year.
"We started delivering a richer international experience with the launch of destination stores across multiple cities. To further augment the consumer experience, we continue to scale up the omni-channel presence," Rajeev Gopalakrishnan, President-South Asia, Bata Emerging Markets said.
The stock gained strength after improvement in operational performance. At 15:18 hours IST, it was quoting at Rs 413, up Rs 9.20, or 2.28 percent on the BSE.
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