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  • 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%   -  

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