Bata India posts a 48% profit increase

Bata India reported a 48.3 percent jump in net profit at 584.3 million rupees (€8.2m-$9.2m) during the quarter ended March 31, mainly driven by exceptional items related to a property development project. Net sales declined by 0.8 percent to INR 4,910 million (€69.1m-$77.2m). The footwear retailer and manufacturer has changed ...

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