India · Delayed Price · Currency is INR Bata India Earnings Call Transcripts
Fiscal Year 2026
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Turnover grew 3% year-over-year, with EBITDA margin up 200 bps and strong e-commerce growth. Premium brands and franchise expansion drove performance, while inventory efficiency improved and exports are set for significant growth.
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Revenue declined 4% year-over-year due to GST transition and distribution center disruption, but inventory health and premium segment growth improved. Margin recovery is expected as one-off impacts subside, with aggressive expansion and marketing investments continuing.
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Revenue and volume remained flat in Q1 FY26, with gross margin down 133 bps and EBITDA margin at 22.9%. Key initiatives in merchandising, value, and premiumization are expected to drive future growth, while inventory and cost controls continue to support profitability.
Fiscal Year 2025
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Revenue declined 1.2% YoY amid muted demand, but operational efficiency improved with inventory down 16% and strong growth in premium and value portfolios. Store expansion and zero-based merchandising are set to accelerate, supporting a volume-driven growth outlook.
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Revenue grew 1.7% YoY to ₹918.55 crore with margin expansion, driven by operational efficiency, brand momentum in Floatz and Power, and positive volume growth. ZBM rollout and store network optimization are ongoing, with a focus on top-line leverage for future margin gains.
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Q4 FY23 sales declined 1.4% year-over-year, with franchise and e-commerce channels outperforming while distribution lagged. Premium and casual categories drove growth, inventory management improved, and new store and brand expansions are expected to boost future momentum.