The company, which has a retail network in 450 towns, is further expanding by adding new stores in smaller towns through franchise route.
The company has identified tier II, III and IV cities where it has plans to broaden its sales network through the franchise model, Bata India said in a statement.
A Chandigarh resident informed the consumer forum that despite levying charges on the paper bag, Bata was endorsing its brand on it, which is not fair,
What makes us bullish on Sreeleathers is its ability to outperform peers every quarter on the margin front, underscoring the management’s strong execution capabilities.
Yogesh Mehta of Motilal Oswal Securities is of the view that one can sell Bata India and Havells India and can buy ITC.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy JP Associates and Bata India and can sell Canara Bank, L&T Finance, Repco Home and Bank of India.
The company’s long-term structural growth story remains intact in India’s consumption space owing to its steady fundamentals, strong brand equity, and a diverse regional presence, among other things.
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.
Sreeleathers’ key variables were impressive with a 47 percent growth in top-line and a 65 percent increase in EBIDTA. A 238 basis points expansion in operating profit margins propelled bottom-line profitability, too.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Ceat, Central Bank of India and Motherson Sumi and can sell HPCL and SRF.
Global footwear major Bata is betting big on India. The company's global CEO Alexis Nasard, who spoke exclusively to CNBC-TV18's Shereen Bhan said that he is upbeat on achieving revenues to the tune of USD 1 billion from India in three to five years.
SP Tulsian of sptulsian.com, he explained why he felt the Nifty future will most likely touch 9,350 by the end of the March series. He also talked about key stocks like Bata, VIP and Apollo Tyres.
Kunal Saraogi of Equityrush advises buying PVR with a target of Rs 1475.
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.
In the latest edition of Wizards of Dalal Street, on CNBC-TV18, Amit Goela, Partner at Rare Enterprises, talks about his experience working at the financial companies, working with Rakesh Jhunjhunwala and working with Reliance.
Religare is bullish on Bata has recommended buy rating on the stock with a target price of Rs 630 in its research report dated February 10, 2016.
Axis Securities is bullish on Bata has recommended buy rating on the stock with a target price of Rs 550 in its research report dated February 11, 2016.
Telecom stocks and sugar stocks are likely to be in focus today
Religare Consumer Survey with inputs from 1,000 respondents across India, revealed that spending in discretionary and FMCG are weakening, gold is losing sheen, and home and car purchases are being deferred.
Leather stocks like Liberty Shoes, Bata and Relaxo Footwear will be getting astrological support, says Satish Gupta of Astrostocktips.
AK Prabhakar, Independent Advisor advises buying Bata India for a target price of Rs 1065 and Sundaram Finance for a target price of Rs 650.
Nooresh Merani of Analyse India advises buying Mcleod Russel for a target price of Rs 320 and Bata India for a target price of Rs 1,080.
Technical analyst Sudarshan Sukhani of s2analytics.com believes the market is weakening but expects some sort of a bounce back after dropping about 200 points in two days.
Varun Lohchab, Director, CIMB, says Dabur reported good September quarter numbers, both in terms of sales as well as profit growth. He is also positive on Marico, and added it is the only stock that it has upgraded in the last 12 months.