Bata Posts 3.77 Per Cent Increase in Q3 Profit

New Delhi: Footwear retailer Bata India on Wednesday reported a 3.77 per cent increase in standalone net profit at Rs 39 crore for the third quarter.

The company, which follows January-December cycle as financial year, had reported a net profit of Rs 37.58 crore for the corresponding period a year ago, Bata India said in a filing to the BSE.

Bata India's Q3 net sales stood at Rs 547.64 crore, up 13.11 per cent as compared to Rs 484.15 crore in the same quarter a year ago.

"The quarterly performance reflects our focus on maintaining quality sales and growth. With an aggressive plan on opening of new format stores, offering aspirational designs and addition of a wider range of products, the expectation is to amplify the growth momentum," Bata India Group managing director Rajeev Gopalakrishnan said.

Overall expenses were at Rs 499.85 crore in the quarter under review, up 14.43 per cent from Rs 436.79 crore a year ago.

Shares in Bata India, on Wednesday, ended at Rs 1,273.60 apiece on the BSE, down 0.59 per cent from the previous close.