Bata shares decline over 3% after 10% drop in June quarter PAT
Profit after tax declined by 10 per cent to Rs 107 crore as against Rs 119 crore reported in the corresponding quarter of the previous financial year. The company attributed lower profits to the early start of End of Season Sale in the footwear industry and the subdued demand in the footwear market.
Company reported its total consolidated revenue for the quarter ending June at Rs 958 crore.