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Informist, Monday, Aug. 10, 2026

 

By Utthara E. S.

 

MUMBAI – Bata India Ltd. is expected to report only a slight rise in its net profit for the June quarter, supported by a modest rise in its revenue, according to brokerages tracking the company. The rise in the company's revenue for the quarter will be driven by the sales of premium products, the brokerages added.

 

The company is expected to report a net profit of INR 572 million for the June quarter, up 1.3% from INR 564 million in the year-ago quarter, according to the average of estimates from 10 brokerages. Of the 10, seven brokerages expect the net profit to rise on year while three expect it to fall. The highest estimate for net profit is INR 700 million from HDFC Securities Ltd. and the lowest is INR 366 million from Motilal Oswal Financial Services Ltd.

 

The company's net sales are expected to rise 4.6% on year to INR 9.85 billion for the June quarter from INR 9.42 billion in the year-ago quarter, according to the average of estimates. The highest estimate for net sales is INR 10.20 billion from HDFC Securities and the lowest is INR 9.65 billion from Nirmal Bang Equities Pvt. Ltd.

 

Bata India's sales are expected to rise in the June quarter due to strong sales in premium brands such as North Star, Hush Puppies and Floatz, Nirmal Bang said. The company's volumes are expected to rise 2.5% on year, Elara Securities (India) Pvt. Ltd. said.

 

IDBI Capital Market Services Ltd. expects the net profit of the company to decline on year because of higher depreciation of the rupee and higher interest costs. The footwear company is expected to report another quarter of sluggish sales growth impacted by low consumer demand in the low-price footwear segment, Nuvama Wealth Management Ltd. said.

 

The company is expected to report earnings before interest, tax, depreciation, and amortisation of INR 1.97 billion in the June quarter, according to the average of estimates from nine brokerages. The highest estimate for the company's EBITDA is INR 2.13 billion from Axis Securities Ltd. and the lowest is INR 1.6 billion from Motilal Oswal.

 

The company's EBITDA margin is expected to be between 19.5% and 21.9% for the June quarter, down from 21.1% in the year-ago quarter, according to the estimates of five brokerages. Three brokerages expect the EBITDA margin to expand on year while the other two expect it to contract. The highest estimate for the EBITDA margin is from Axis Securities and the lowest is from Motilal Oswal. The company's EBITDA margin is expected to improve on year led by cost control initiatives and an increase in operating leverage, brokerages said.

 

Investors will track the company's demand and business growth outlook, product launches, and store opening and expansion. They will also keep an eye on steps taken by the company to become the sourcing hub for Bata global and whether its volume will cross the pre-pandemic levels. Bata India will announce its June quarter earnings Tuesday.

 

The footwear sector is expected to sustain revenue growth as the continued premiumisation and expansion across retails and digital channels have kept the demand healthy, brokerages said. The sector's revenue growth for the June quarter is expected to be impacted by lower footfalls because of ‘Adhik Maas', the additional, 13th month in the Hindu calendar, PhillipCapital (India) Pvt. Ltd. said. The month, which occurs once in three years, is considered inauspicious and leads to fewer wedding dates during the wedding season, which affects retail and jewellery sales.

 

Bata India is a retailer and manufacturer of footwear. It operates as a part of the multinational brand Bata Organisation, catering to Indian customers through over 30,000 dealers. Monday, shares of Bata India closed at INR 712.85 apiece on the National Stock Exchange, down 1%. The shares are up nearly 7% since the company announced its March quarter earnings on May 27.

 

Of the 11 research reports on the company available with Informist, four have a "hold" recommendation on the stock with an average target price of INR 800, which is 12% higher than the closing price Monday. Four brokerages have a "sell" recommendation on the stock with an average target price of INR 772, which is 8% higher than the closing price Monday and three brokerages have a "buy" recommendation on the stock with an average target price of INR 902.

 

The following are the Apr-Jun earnings estimates for Bata India Ltd. from 10 brokerages in descending order of the estimates of net profit, in INR million:

 

Brokerage Names	Net Sales	Net Profit	EBITDA
HDFC Securities Ltd.	10,200	700	2,100
JM Financial Institutional Securities Pvt. Ltd.	9,795	658	2,095
Axis Securities Ltd.	9,750	632	2,130
PhillipCapital (India) Pvt. Ltd.	9,701	626	2,090
360 ONE Capital Market Pvt. Ltd.	9,984	617	--
Elara Securities (India) Pvt. Ltd.	9,937	581	1,987
Nirmal Bang Equities Pvt. Ltd.	9,654	574	1,930
IDBI Capital Market Services Ltd.	9,937	563	1,938
Nuvama Wealth Management Ltd.	9,701	406	1,767
Motilal Oswal Financial Services Ltd.	9,846	366	1,698
Average	9,850	572	1,970

 

End

 

Edited by Pankaj Aher

 

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