Bata share price: Here is what stock market investors need to know
Bata is focusing on expanding its presence through e-commerce/omni-channel and innovating its product portfolio with new relevant variants to drive growth in the medium to long term. Further, the company will benefit from the shift from non-branded to branded products. Bata is a debt-free company with a strong cash balance of close to Rs 800 cr, which along with negative working capital and improving store fundamentals will help the company take care of its near-term expansion plans without any disruptions.
Newly launched channels such as Bata ChatShop, Bata Home Delivery and Bata Store on Wheels contribute over 10% to store revenue: Reuters