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Bata Q4 Result: "The results for the quarter are a factor of resilience despite sluggish demand conditions to drive growth in a sustainable manner with strong margin performance," said an earning statement from Bata India.
Get latest articles and stories on Latest News at LatestLY. Leading shoemaker Bata India Ltd on Wednesday reported a 3.02 per cent decline in consolidated net profit to Rs 63.64 crore for the fourth quarter ended March 2024. Latest News | Bata India Q4 Net Profit Down 3 Pc to 63.6 Cr, Revenue Up 2.5 Pc to Rs 797.8 Cr.
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Geojit is bullish on Bata India has recommended buy rating on the stock with a target price of Rs 1670 in its research report dated March 12, 2024.
Gunjan Shah, MD and CEO of Bata India Limited, said, “Despite persistent market headwinds accentuated in discretionary spending, we continued to invest in new product launches, enhancing customer experience and expanding our reach across channels & markets.”