Notwithstanding lower growth rates recorded in the first quarter (Q1) of 2023-24 (FY24), which spanned from April to June, footwear stocks have seen some gains in the past two trading sessions. Bata India saw an increase of approximately 5 per cent, driven by positive expectations surrounding a potential tie-up in the sports/athleisure segment. This development is viewed favourably due to the segment s higher growth rates.
JK Paper has exhibited a compelling breakout above the notable 'falling channel' pattern at the Rs 358 level on the weekly chart, confirming a positive bias.
Footwear maker Bata India reported its first drop in profit in eight quarters on Wednesday, as soft demand dragged its revenue growth to a nine-quarter low..
The company s consolidated profit fell 10.5 per cent to Rs 107 crore in the April-June quarter, while revenue from operations increased just 1.6 per cent to Rs 958 crore, , bata
The company in the statement further added that its Specialty Compounds and Chemicals business has been grown at a 30+% on a year-on-year basis for last 3 years post the Covid-19 crisis., Companies News, Times Now