Bata India shares rally 18% as firm announces leadership reshuffle; appoints Sanjay Rao as MD & CEO

Bata India shares rallied 18% to touch an intraday high of ₹803.3 apiece on Thursday, June 18, after the company shared leadership reshuffle plans.

The firm appointed Sanjay Rao as Managing Director and Chief Executive Officer of Bata India, with effect from August 24, 2026. He succeeds Gunjan Shah, who will conclude his tenure upon completion of his five-year mandate leading the business.

Rao has more than two decades of retail and consumer leadership experience across India, South Asia, China, and Europe. He joins Bata India from Nike, where he most recently served as Senior Director, Nike Retail, overseeing the France and Benelux markets.

Prior to Nike, Rao spent several years with Inditex, where he played a pivotal role in establishing Zara’s business in India through its joint venture with the Tata Group. He subsequently held senior leadership positions across India, South Asia, and China and has also served as Country Director for Guess in France.

Gunjan Shah, Managing Director and CEO (KMP), will complete his full term of five years, ending on September 30, 2026. The company and the Board of Directors expressed their appreciation to Shah for his leadership and contribution since joining Bata India.

Commenting on the appointment, Panos Mytaros, Chief Executive Officer of Bata Group, said, “Sanjay brings deep retail and consumer experience, international perspective and a strong understanding of the Indian market. He knows how to build businesses, develop teams and create momentum. I am excited to welcome him to Bata and confident he is the right leader to take Bata India forward into its next phase of accelerated growth.”

Bata India Q4 FY26 earnings

The footwear player had posted a 95.2% year-on-year (YoY) decline in its consolidated net profit to ₹2.2 crore for the fourth quarter of the 2025-26 financial year (Q4 FY26). In the corresponding period of the preceding fiscal year, it had logged a profit of ₹45.9 crore.

During the quarter, the firm recorded certain one-time items, including VSR costs of ₹28.1 crore, in line with its long-term strategy to build “greater capability, agility and efficiency” across the supply chain.

its revenue from operations declined 5% YoY to ₹828 crore during the quarter under review, from ₹788 crore in the January-March quarter of the 2024-25 fiscal year (Q4 FY25).

The quarter marked the company’s second consecutive period of accelerating topline growth, supported by sequential improvement in momentum, with March performance stronger than January.

Bata India’s cash generation from operations advanced 18.2% YoY to ₹132.2 crore in the March quarter of FY26.

Bata India share price trends

At 2:57 PM, Bata India shares were trading at ₹788.75 apiece on the National Stock Exchange, soaring 16.25%.

Over the past five trading sessions, shares of the company have gained 9%, while they have rallied 7% in a month. From the beginning of the year, Bata India shares have tanked 23%.

According to NSE data, as of June 18, 2026, Bata India has a total market capitalisation of ₹9,317.60 crore.

Shares of the firm had hit a 52-week high of ₹1,284.90 on July 10, 2025, and a 52-week low of ₹605 on March 30, 2026.