Bata India – 82nd Annual General Meeting

Bata India – 82^nd Annual General Meeting

Bata India, the largest retailer and manufacturer of footwear in India held its 82^nd Annual General Meeting (AGM) in Kolkata today. At the AGM, Mr. Rajeev Gopalakrishnan, Group Managing Director, South Asia, Bata India Limited thanked the shareholders for their continued support and trust on the brand. Mr. Gopalakrishnan was accompanied by the other Directors including Mr. Uday Khanna, Chairman & Independent Director; Mr. Jack Clemons and Mr. Shaibal Sinha, Non- Executive Directors; Mr. Akshay Chudasama, Mr. Ravi Dhariwal and Ms. Anjali Bansal, Independent Directors of Bata India Ltd.; Mr. Ranjit Mathur, Finance Director, Bata India and Mr. Nitesh Kumar, Managing Director Retail of Bata India.

Mr. Rajeev Gopalakrishnan, Group Managing Director, South Asia, Bata India Limited in his speech said “With the continuous effort and determination of the team, the Turnover of approx. Rs. 2,200 Crores and Net Profit of approx. Rs.190 Crores for the twelve month period ended March 31, 2015 remained almost at the same level of the Turnover and Net Profit achieved during the twelve month period ended March 31, 2014. However, for the fifteen month period ended March 31, 2015 we achieved a Net Turnover of Rs.2,694 Crores and a Net Profit of Rs.231 Crores. We registered a single digit growth during the twelve month period ended March 31, 2015 due to the unexpected challenges in implementation of the new Supply Chain IT Systems which have now been resolved and also due to sluggish demand coupled with increase in competition and unprecedented deep discount offerings by many ecommerce players in India.”

Our rate of Industrial production is hovering around 3% for the current fiscal year as compared to 4.6% in the last year. Retail inflation is presently estimated at 5.4% and the overall economic environment continues to remain challenging with sluggish demand from the customers.

We are constantly making advancements & introductions to our product ranges not only in styling of the designs but also in materials & technology. We want to become the Pioneers of Comfort footwear in the country with our extensive offerings from Hush Puppies, Naturalizer, Scholl and Comfit range. We have also launched the Loyalty Program called “The Bata club” to help us to understand our customers better in the long run. Also, a lot of focus is now put on enhancing the customer’s shopping experience within the store and the same is done through an aggressive training program for the sales staff.”      

The company has been growing remarkably in all the aspects and will continue to undertake many new projects to ensure the strong leadership position and continuous progression in the footwear industry.

 

About Bata India:

Bata has been holding a unique place in the hearts of Indians for 84 years. Probably the only footwear brand that offers footwear and accessories for the entire family, Bata has redefined the modern footwear industry in India. It has established a leadership position in the industry and is the most trusted name in the branded footwear market.

Bata has been lately recognized under the ET Best Brands and has also bagged the title of No.1 lifestyle brand in the footwear category in the Brand Equity most Trusted Brands of 2014. Bata has also achieved the Platinum Award in 2014 Reader’s Digest Most Trusted brands and D&B award for the best footwear brand in the country. Bata has also been engaging in a lot of consumer activities like launching newer stores with celebrity associations. This helps the brand to build connect with the youth of today.

Bata India is the largest footwear retailer in India, enjoying a large market share in the organized sector. The brand retails through over 1274 Shoe Stores located in over 500 cities across India with 1129 Bata, 103 Hush Puppies and 42 Footin Stores. 

For more information on Bata India, please visit www.bata.in