Bata India misses Q2 profit view as inflation dampens demand
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 04 2024
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Source: Reuters
Bata India's Financial Performance: Bata India reported a 53% increase in consolidated profit to 519.79 million rupees for Q2, but this was below analysts' expectations of 587.5 million rupees, attributed to declining consumer demand amid high inflation.
Market Context: Other apparel and footwear retailers also faced lower domestic sales due to high inflation and reduced consumer spending, although some, like Metro Brands, anticipate a recovery in demand during the festive season.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
