Bata’s Q1 net profit declines 67%
Kolkata - Arabstoday
Bata India, the country’s leading footwear manufacturer, reported a 67 per cent slide in its net profit to Rs.36 crore for the quarter ending March 31, 2012, from Rs109 crore in the same period last year. The company’s total income has also decreased from Rs426 crore for the quarter ended March 31, 2011 to Rs412 crore during the same period this year. Bata follows the calendar year. According to a release here, the company opened 61 new Bata stores during the period. Hush Puppies brand also saw expansion with the opening of four new stores.
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