Bata net down 5.85% in Dec 07 qtr on higher operating cost
[2008-4-1]
Net sales for the quarter rose 11.29% to Rs 2,339.70 million, while total income for the quarter climbed marginally 4.62% to Rs 2,421.70 million, when compared with corresponding quarter last year.
Earnings per share (EPS) for the quarter dropped 6.02 % to Rs 3.28 compared with the corresponding quarter previous year.
During the quarter the company announced a fall in operating margin by 2.74% to 9.69% on higher operating cost. However, the company announced decrease of 11.76% to Rs 15.20 million and 1.64% to Rs 43.40 million in interest and depreciation charge respectively, over previous year period.
Business Profile
Bata India is primarily engaged in the manufacturing and sales of footwear. The company operates in two segments viz. manufacturing and sale of footwear. The company manufactures leather, rubber, canvas, and PVC shoes. It offers a selection of men, ladies, children, schools, sports, canvas, and Hawaii footwear. It offers accessories like socks, polishes, belts, brushes, and school bags. Brand portfolio comprises Hush Puppies, Dr Scholls, North Star, Power, Marie Claire, and Bubblegummers.
Earnings per share (EPS) for the quarter dropped 6.02 % to Rs 3.28 compared with the corresponding quarter previous year.
During the quarter the company announced a fall in operating margin by 2.74% to 9.69% on higher operating cost. However, the company announced decrease of 11.76% to Rs 15.20 million and 1.64% to Rs 43.40 million in interest and depreciation charge respectively, over previous year period.
Business Profile
Bata India is primarily engaged in the manufacturing and sales of footwear. The company operates in two segments viz. manufacturing and sale of footwear. The company manufactures leather, rubber, canvas, and PVC shoes. It offers a selection of men, ladies, children, schools, sports, canvas, and Hawaii footwear. It offers accessories like socks, polishes, belts, brushes, and school bags. Brand portfolio comprises Hush Puppies, Dr Scholls, North Star, Power, Marie Claire, and Bubblegummers.
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