SME Times News Bureau | 28 May, 2015
Shoemaker Bata India Ltd on Wednesday said its net profit during
January-March 2015 increased by a whopping 48.3 percent at Rs.58.43
crore even as its net earnings in the same time period declined
marginally by about a percent compared to the corresponding period in
2014.
The company's net profits during January-March 2014 stood at Rs.39.40 crore.
The
total net income in the period under review declined by less than one
percent at Rs.491.31 crore against Rs.495.43 crore in the corresponding
period in 2014.
In a statement, the company said its sales during January-March 2015 continued to be impacted by supply-chain issues.
"However,
we are on a recovery path with gradual improvement in supply chain, new
store openings and emphasis on customer service," the company's group
managing director Rajeev Gopalakrishnan said.
The company, in a
regulatory filing with the BSE, said it has moved from the
January-December fiscal cycle to April-March fiscal cycle this year
onwards.
