Bata net up 6.6%

Riding on improved merchandise and retail growth, footwear maker Bata India saw its profit surge 6.6% year-on-year to Rs. 32 crore for the quarter ended September 2012.

Riding on improved merchandise and retail growth, footwear maker Bata India saw its profit surge 6.6% year-on-year to Rs. 32 crore for the quarter ended September 2012.

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It posted Rs. 30 crore profit for the same period last year.

Net sales grew 15% to Rs. 423.5 crore as against Rs. 370 crore in the year-ago period.

"The consistent growth in our retail and non-retail businesses has made the quarter successful," said Rajeev Gopalakrishnan, group managing director, Bata India. "Bata will continue its focus on expanding the retail outlets."