Bata India, the leading manufacturers of footwear in India, is eyeing ambitious expansion plan for which it will focus on tier II, tier III cities and rural markets. The company’s focus will not only provide the future growth but also volume for the company. The company has set up a team for rural expansion and will use the wholesalers in those areas besides it has also designed shoes, particularly for rural areas. It is aiming the turnover to grow four times in the next five years.
Currently, the company has a total of 1,250 stores and will open 70 to 80 stores across the country with an investment of about Rs 1.5 crore per store. It will also invest Rs 100 crore in West Bengal where it plans to develop new small and medium enterprises (SMEs) near factory at Batanagar.
The company’s net profit has zoomed by 663.22% to Rs 109.37 crore for the quarter ended March 31, 2011 against Rs 14.33 crore for the quarter ended March 31, 2010. The company has reported net sales / income from operations of Rs 310.66 crore for the quarter ended March 31, 2011, up by 19.87% as against Rs 259.15 crore for the quarter ended March 31, 2010.
Bata India is the largest retailer and leading manufacturer of footwear in India and is a part of the Bata Shoe Organization. The company manufactures footwear for men, women and children. The company manufactures shoes of various quality such as leather, rubber, canvas and PVC shoes.s
| Company Name | CMP |
|---|---|
| Bata india | 1303.65 |
| Relaxo Footwears | 635.65 |
| Campus Activewear | 261.30 |
| Liberty Shoes | 460.55 |
| Khadim India | 363.75 |
| View more.. | |
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