External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

<p>Bata India witnessed a revenue recovery rate (adjusted) reaching 80% in Q4FY21 vs. 74% in Q3FY21. Lower revenues from formal &amp; fashion footwear continued to impact gross margin YoY though QoQ gross margins witnessed an improvement. Revenue fell 5% YoY to Rs 589.9 crore in Q4FY21. Aligning with the current demand scenario, Bata tweaked its product portfolio from formals &amp; fashion categories to casuals, fitness &amp; essential categories. Gross margins contracted ~570 bps YoY to 53.1% mainly owing to unfavourable product mix.</p>
<div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Bata India witnessed a revenue recovery rate (adjusted) reaching 80% in Q4FY21 vs. 74% in Q3FY21. Lower revenues from formal &amp; fashion footwear continued to impact gross margin YoY though QoQ gross margins witnessed an improvement. Revenue fell 5% YoY to Rs 589.9 crore in Q4FY21. Aligning with the current demand scenario, Bata tweaked its product portfolio from formals &amp; fashion categories to casuals, fitness &amp; essential categories. Gross margins contracted ~570 bps YoY to 53.1% mainly owing to unfavourable product mix.
Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bata India: Well Placed to Benefit from Demand Normalisation

Bata India Ltd

Bata India: Well Placed to Benefit from Demand Normalisation