Bata India Share Price

Bata India Ltd is a leading footwear manufacturer and retailer in India. Established in 1931, Bata has become one of the dominating players in the footwear industry with its wide range of products. The company offers a diversified product portfolio for men, women and children across all age groups.

Bata India was founded in 1931 in Calcutta (now Kolkata), West Bengal, by the Bata Corporation, the then largest shoemaker in Europe. The Bata Corporation was founded in the Czech Republic in 1894 by Thomas Bat’a.

The company was initially named as Bata Shoe Co Pvt Ltd in India. It was engaged in the manufacturing of all types of footwear, footwear components, and leather products allied to the footwear trade. Bata pioneered footwear manufacturing with the establishment of its new production unit.

Within two years, Bata witnessed a massive demand for its products. The company had to make a two-fold increase in its capacity. Eventually, the company established its first manufacturing unit near Kolkata in January 1934. With the expansion in operations the company eventually established a township named Batanagar in the suburb of Kolkata.

In 1937, Bata introduced tanning at the Batanagar factory. Later on, more leather products were introduced during the same year. In 1942, a machinery department and a footwear manufacturing plant were set up. Another leather factory known as Batagunj was set up in Patna, Bihar, in the same year. It was the first company to manufacture rubber and canvas shoes in India.

The footwear manufacturer became a Public Limited company in 1973 and it was renamed as Bata India Ltd.

The market capitalisation of Bata India Ltd stood at over ₹20,000 crore as of January 10, 2024. Bata India share price has dropped 5.16% in the last three years.

Business Operations

Bata India Ltd is the largest footwear retailer, with a strong countrywide presence via 2,000 retail outlets and franchise stores.
It has 4 manufacturing units. The company produces over 21 million units of footwear every year. Bata India employs 9,413 workers across the functions and locations. The company’s products include leather footwear, plastic footwear, canvas shoes, bags and accessories.

The company caters to all regions across India through over 30,000 dealerships.

Bata owns brands like Hush Puppies, Dr. Scholls, North Star, Power, Marie Claire, Bubblegummers, Ambassador, Comfit, Sparx and Wind. In FY23, the brand launched its first store on the ‘Red Label by Bata’, a concept to present exclusive products for high-end fashion consumers. To diversify its operations, 25 all-women stores were also opened across India.

Financial highlights

The company’s consolidated revenue in FY23 stood at ₹3,451.56 crore, up 30.82% year-on-year compared to ₹2,387.71 crore in FY22. Profit after tax (PAT) surged 68.38% year-on-year to ₹319.11 crore in FY23, as against ₹100.88 crore in FY22. The company’s EBITDA margin improved to 22.91% in FY23 compared to 17.41% in FY22. The company made a capital expenditure of ₹95.78 crore in FY23 compared to ₹49.17 crore in FY22. Its earnings per share stood at ₹25.13 in FY23 as against ₹8.01 in FY22.