Bata India September profit rises 31% but drops 72% QoQ

Bata India Limited reported standalone profit of Rs 17.994 crore for the quarter ended September 30, 2026, up 31% from a year earlier but down 72% from the June 2026 quarter. Revenue from operations rose 8% year on year to Rs 861.782 crore, while falling from Rs 978.947 crore in June.

What were Bata India’s September-quarter earnings?

Bata India reported standalone profit after tax of Rs 17.994 crore in the September 2026 quarter, compared with Rs 13.759 crore in the September 2025 quarter and Rs 63.793 crore in the June 2026 quarter. Profit before tax was Rs 24.517 crore, versus Rs 19.103 crore a year earlier and Rs 85.634 crore in the immediately preceding quarter.

Revenue from operations reached Rs 861.782 crore, increasing from Rs 801.334 crore in the year-earlier quarter but declining from Rs 978.947 crore in June 2026. Other income was Rs 17.928 crore, taking total income to Rs 879.710 crore, compared with Rs 822.583 crore in September 2025 and Rs 996.772 crore in June 2026.

Basic and diluted earnings per share were Rs 1.40 for the September quarter, against Rs 4.96 in June and Rs 1.07 a year earlier. Total comprehensive income was Rs 16.899 crore, below Rs 65.217 crore in the June quarter but above Rs 12.655 crore in September 2025. The results are standalone and unaudited.

Why did Bata India’s profit decline from the June quarter?

Bata India’s September-quarter profit declined sequentially because revenue from operations fell by Rs 117.165 crore from June, while total expenses declined by Rs 55.945 crore. The difference reduced profit before tax to Rs 24.517 crore from Rs 85.634 crore, despite the lower expense base in the September quarter.

The tax charge declined to Rs 6.523 crore from Rs 21.841 crore in June 2026, including a deferred-tax credit of Rs 1.288 crore in September and Rs 2.913 crore in June. The lower tax expense did not offset the Rs 61.117 crore sequential reduction in profit before tax, resulting in a Rs 45.799 crore fall in profit after tax.

Inventory movement was materially different across the two quarters. The September quarter recorded a Rs 65.032 crore reduction in inventories, presented as a negative expense, whereas the June quarter recorded a Rs 51.929 crore expense for inventory changes. This Rs 116.961 crore shift reduced reported costs in September, but total income declined by Rs 117.062 crore over the same comparison.

How did Bata India’s costs change year on year?

Bata India’s total expenses were Rs 855.193 crore in the September 2026 quarter, up from Rs 795.211 crore a year earlier, while revenue from operations increased by Rs 60.448 crore. Purchases of stock-in-trade rose to Rs 388.182 crore from Rs 343.601 crore, and employee-benefit expense increased to Rs 121.658 crore from Rs 111.368 crore.

Other expenses rose to Rs 212.591 crore from Rs 187.597 crore, while raw-material and component consumption fell to Rs 60.588 crore from Rs 65.374 crore. Finance costs declined to Rs 32.404 crore from Rs 33.828 crore, and depreciation and amortisation were broadly unchanged at Rs 104.782 crore, compared with Rs 104.973 crore.

Other expenses included a Rs 2.998 crore foreign-exchange loss for the September 2026 quarter on translating a liability related to licence rights. Bata India said the loss was accounted for under Indian Accounting Standard 21, which covers foreign-exchange effects, and was primarily attributable to US dollar-to-rupee volatility amid geopolitical developments. The corresponding foreign-exchange loss for the half year was Rs 5.771 crore.

What do Bata India’s half-year cash flow and financial position show?

Bata India’s standalone profit for the half year ended September 30, 2026 was Rs 81.787 crore, compared with Rs 65.459 crore in the corresponding prior-year period. Revenue from operations increased to Rs 1,840.729 crore from Rs 1,743.177 crore, while profit before tax rose to Rs 110.151 crore from Rs 88.820 crore.

The prior-year half-year result included Rs 13.047 crore of voluntary retirement scheme, or VRS, expenditure as an exceptional item. The September 2025 quarter alone included Rs 8.269 crore of VRS expense, compared with no exceptional item reported in the September 2026 quarter. Half-year earnings per share were Rs 6.36, compared with Rs 5.09 a year earlier.

Net cash inflow from operating activities was Rs 268.217 crore in the latest half year, compared with Rs 265.801 crore in the prior-year period. Investing activities produced a cash inflow of Rs 405.731 crore, against an outflow of Rs 129.605 crore a year earlier, while financing activities used Rs 679.144 crore, including Rs 435.907 crore of dividends paid.

At September 30, 2026, total assets were Rs 3,369.767 crore, down from Rs 3,768.604 crore at March 31, 2026. Total equity declined to Rs 1,230.972 crore from Rs 1,585.850 crore, while total liabilities fell to Rs 2,138.795 crore from Rs 2,182.754 crore. Cash and cash equivalents were Rs 3.786 crore, compared with Rs 8.982 crore at the March 2026 year-end.

What shareholder payment did Bata India disclose?

Bata India’s board declared an interim dividend of Rs 25 per share on August 11, 2026. The dividend was stated as 500% on equity shares with a face value of Rs 5 each, and the half-year cash-flow statement recorded Rs 435.907 crore of dividends paid, including transfers to the Investor Education and Protection Fund.

The company operates in one business segment, Footwear and Accessories. Its September 2026 standalone financial results, balance sheet and cash-flow statement were reviewed by the audit committee and approved by the board on November 3, 2026. The statutory auditor’s limited review reported no matter causing it to believe the statements were materially misstated.

Conclusion

Bata India’s September-quarter result showed higher revenue and profit than a year earlier, while also showing a substantial decline from the June quarter. Revenue increased by Rs 60.448 crore year on year and profit rose by Rs 4.235 crore, but sequential revenue declined by Rs 117.165 crore and profit fell by Rs 45.799 crore.

The next reported results will indicate whether revenue recovers from Rs 861.782 crore and whether quarterly costs move with sales. Investors can also watch the disclosed exchange-rate exposure on the licence-rights liability after the September-quarter foreign-exchange loss of Rs 2.998 crore, as well as the cash effect of the Rs 25-per-share interim dividend.