BL Kolkata Bureau
Shares of Bata India fell over 5 per cent in morning trade on Tuesday, after the footwear major reported around 74 per cent year-on-year decline in its standalone net profit.
The stock opened at ₹1117.50 apiece against the previous close of ₹1170.20 on the BSE. At 9:30 a.m., the shares were trading at ₹1103.35 apiece, reflecting a fall of 5.71 per cent.
On the NSE, the stock tanked 5.46 per cent to ₹1102.50 apiece at 9:30 a.m. On the bourse, the shares opened at ₹1110.10 against the previous close of 1166.20 apiece.
The stock pared some of the losses as the day progressed. The shares were trading 4.27 per cent lower at ₹1120.20 at 11:30 a.m. on the BSE.
Bata India on Monday reported a 73.72 per cent year-on-year decline in its standalone net profit to ₹13.76 crore for the second quarter this fiscal, as its revenue fell during the period.
The company’s net profit for the second quarter last fiscal stood at ₹52.36 crore.
According to a stock exchange filing, the footwear maker’s revenue from operations in Q2FY26 declined to ₹801.33 crore from ₹837.14 crore during the corresponding period of FY25.
The company, in a statement, said revenue fell due to deferment of purchases by channel partners and customers since the announcement of GST rate rationalization. Further, disruption in one of the largest warehouses in July 2025 also had temporary business impact. However, the quarter ended on a positive note, with signs of recovery in the festive season.
Commenting on the performance, Gunjan Shah, MD & CEO, Bata India, said, “With the roll out of GST 2.0 and pre-festive buying enthusiasm, the demand has started to revive. While overall quarter two did have muted demand adversely impacted by the GST 2.0 transition, we are seeing positive signs of recovery this festive season post September 22.”
The company said it had passed on the GST benefits to its customers much prior to the official announcements to unclog the demand pipeline.
Shah said premium products were showing robust growth in brands like Hush Puppies and Power. “Our Victoria Ballerina campaign touched the right chords and attracted female customers, helping us gain an additional 1 per cent in the Sales mix,” he added.