• MARCH 28, 2000

Bata puts it's best foot forward.

Bata has reported impressive results for 1999. Despita the turnover growing by only 4% the operating profit has jumped by over 48%. The operating margin has improved significantly from 6% in 1998 to 9% in 1999. During the year the company settled excise claims which amounted to Rs.140 million. Despite this the net profit has improved by over 25%. Recently, the company declared a lock-out at its factory in Karnatka. This however, is unlikely to impact its numbers in the current year since the production has been shifted to it's other factory at Faridabad.

(Rs m) FY1998 FY1999 Change
Sales 7,432 7,737 4.1%
Other Income 16 10 -38.8%
Expenditure 6,977 7,061 1.2%
Operating Profit (EBDIT) 455 676 48.4%
Operating Profit Margin (%) 6% 9%   -  
Interest 78 68 -12.2%
Depreciation 124 136 9.9%
Profit before Tax 270 481 78.3%
Tax 27 176 548.2%
Profit after Tax/(Loss) 243 305 25.6%
Net profit margin (%) 3.3% 3.9%   -  

Copyright © Equitymaster Agora Research Private Limited. All rights reserved.
Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.

LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.

SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.

Equitymaster Agora Research Private Limited (Research Analyst)
103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407