Bata India Limited announced its financial results for the quarter ended March 31, 2026 (Q4 FY26). The disclosure was submitted to BSE Limited, National Stock Exchange of India Limited, and The Calcutta Stock Exchange Limited.

Financial Performance

  • Revenue increased by 5% year-over-year to ₹8,276 million, driven by volume growth
  • This represents the company's second consecutive quarter of accelerating topline growth
  • March performance was stronger than January, indicating sequential improvement
  • Cash generated from operations surged 18.2% to ₹1,322 million compared to the previous year

One-Time Items

  • Voluntary Retirement Scheme (VRS) costs of ₹281 million recorded as part of long-term strategy to build capability, agility and efficiency across the supply chain
  • Non-cash foreign exchange loss of ₹224 million on restatement of financial liability towards royalty, due to sharp currency devaluation caused by ongoing geopolitical situation

Dividend Declaration

  • Board recommended dividend of ₹9 per share for FY 2025-26
  • Total dividend amount: ₹1,156.75 million
  • Subject to shareholder approval

Operational Highlights

  • Zero-based merchandising extended to approximately 550 stores, contributing to more than 70% of store sales
  • Gross inventory reduced by 13%, reflecting stronger inventory discipline
  • E-commerce business registered growth in the mid-twenties (percentage terms)
  • Premium portfolio (Hush Puppies and Power brands) continued to outpace overall growth
  • Advertising spends increased by 1.5 times compared to previous period

Management Commentary

Gunjan Shah, Managing Director and CEO, stated that the company achieved volume-led growth supported by broad-based performance across channels. He emphasized focus on network penetration, premiumisation, disciplined resource allocation, and strong execution as central to driving performance. The company continued to scale key strategic initiatives during the quarter.

Company Background

Bata India serves over 250,000 customers daily through nearly 2000 stores (Company Owned and Franchise), thousands of Multi Brand Outlets, and robust omni-channel presence. The company sells close to 50 million pairs annually and operates brands including Bata Red Label, Bata Comfit, Power, NorthStar, Floatz, Bubblegummers and Hush Puppies.