Bata India Q1 net jumps 29% to Rs 53 crore

Footwear and accessories maker Bata India reported 28.45 percent increase in its standalone net profit for the quarter ended 30 June at Rs 52.65 crore.

The company had posted a net profit of Rs 40.99 crore in the corresponding period last year, Bata India said in a filing to the BSE.

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The net income during the quarter went up by 17.16 percent to Rs 506.51 crore from Rs 432.32 crore in the year-ago period, it added.

The board of directors in a meeting today appointed Gigi Abraham as the company’s Group Brands Director with immediate effect for a period of five years.

Shares of the company closed 1.28 percent down at Rs

894.30 apiece on the BSE.

PTI