Bata records 28.45% net profit increase in Q2

India's well known footwear retail chain major, Bata India Ltd declared to have recorded 28.45% fillip in net profit to Rs 526.5 million in the second quarter that ended on June 30, 2012. The net profit of the company for the corresponding quarter in previous year was Rs 409.9 million.
In the first quarter, the sales revenue of Kolkata-based firm, moved up by 18% to Rs 5.10 billion from Rs 4.34 billion in the corresponding three-month period a year ago.

Declaring quarterly result happily, Bata India Ltd Group Managing Director Rajeev Gopalakrishnan said: "Our focus to expand the retail outlets and our constant endeavour to improve the merchandise with newer and better designs will continue.”

He added that positive response from customers on the company’s constantly improving product portfolio “is very encouraging". Bata’s total income for the quarter ended March 31, 2011 was Rs 4.26 billion and this has decreased to Rs 4.12 billion during the same period this fiscal.

Bata India follows calender year as its financial year and it has rolled out 61 new outlets during the second quarter of this year.

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