Arthneeti

Bata India Q1 FY27 Share Price & Earnings Call Analysis

₹649.15-1.76% today
Market cap
₹8,339 Cr
P/E
47.97
ROE
10.62%
PEG
-2.46
Price to sales
2.35
Debt to equity
0.87
52W high / low
₹1,077 / ₹603
Sales growth (5Y)
15.52%
EBITDA margin
20.03%
Net profit margin
4.79%
Promoter holding
50.16%
Sales (last year)
₹3,553 Cr

Bata India is primarily engaged in the business of manufacturing and trading of footwear and accessories through its retail and wholesale network.

Guidance scorecard · Q1 FY27 call

What Bata India Ltd's management guided
and where it ranks in Consumer Durables

#78of 87 in
Consumer Durables
Revenue0–10%MarginsUp 0–2%CapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ1 FY27 call

0–10%
  • Bata India targets sustained high single-digit like-for-like store growth, as evidenced over the past four quarters.
  • The franchise store network is expanding rapidly, with 750 stores currently, supporting growth through partner expansion.
  • The product funnel is being reimagined to offer premium, design- and technology-backed collections, expected to substantially impact sales by March 2027.
  • Marketing and advertisement spend increased by 25% recently and is expected to remain elevated over the next few years to support new premium offerings.
  • Expansion plans include growing the total store base from 2,000+ to towards 3,000 in the future, enhancing accessibility.

2 more points from Bata India Ltd's call on revenue

Create a free account to keep reading this call

Full Q1 FY27 analysis

MarginsQ1 FY27 call

Up 0–2%

See what Bata India Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Bata India is continuing its franchise expansion with potential trade areas exceeding 600.
  • The company plans to grow its core manufacturing partners to about 15, along with a satellite set of another 15, totaling roughly 30 partners within the next 3-5 years.
  • There is ongoing investment in marketing, with advertisement spends increasing by 25% in the recent quarter, expected to remain elevated in the next couple of years to support new premium product ranges.
  • The company is rationalizing kits, molds, uppers, and materials used in products for economies of scale and margin expansion.

2 more points from Bata India Ltd's call on capex

Create a free account to keep reading this call

Full Q1 FY27 analysis

FundraisingQ1 FY27 call

Ask what Bata India Ltd said on fundraising →

Full Q1 FY27 analysis

Order bookQ1 FY27 call

  • Revenue growth of about 4% with volume and price growth contributing equally.
  • Expansion to over 2,000 EBO stores, aiming towards 3,000.
  • Marketing spend increased by 25%; expected to remain elevated.
  • Rationalization of vendors and products expected to yield about 200 basis points margin improvement over several years.

2 more points from Bata India Ltd's call on the order book

Create a free account to keep reading this call

Full Q1 FY27 analysis
Full Consumer Durables ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Consumer Durables
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Bata India Ltd rank?

Portfolio builder

Build your portfolio
from the top-ranked stocks

  1. 1. Pick 3–15 stocks
  2. 2. Choose large, mid or small cap and your sectors
  3. 3. Get a portfolio built from the rankings
Build my portfolio

Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Consumer Durables companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹166 Cr20.3
240%+Up 2%+₹100 Cr12.7
340%+Up 0–2%₹3,249 Cr17.4
440%+Up 0–2%₹2,081 Cr18.8
540%+Flat₹2,429 Cr41.1
640%+Flat₹2,163 Cr25.6

Sign up free to see every company in the sector ranking and track Bata India Ltd.

Pro shows every company guiding 40%+ revenue growth →Full Consumer Durables ranking

Financials of Bata India Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Bata India Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +778.59958.15819.12903.47797.87944.63837.14918.79788.21941.85801.33944.68827.63
Expenses +596.53718.63637.47721.03615.59760.02663.08719.28610.37743.03656.39732.63676.88
Operating Profit182.06239.52181.65182.44182.28184.61174.06199.51177.84198.82144.94212.05150.75
OPM %23.38%25.00%22.18%20.19%22.85%19.54%20.79%21.71%22.56%21.11%18.09%22.45%18.21%
Other Income +9.9413.27-25.4011.0521.90150.5317.72-0.9222.8012.2113.1613.11-8.31
Interest27.2128.1428.4429.4630.9630.8131.7931.1134.7634.8733.8332.2933.63
Depreciation76.5081.0981.7185.9990.2987.2190.2190.18103.70106.09104.98104.00105.00
Profit before tax88.29143.5646.1078.0482.93217.1269.7877.3062.1870.0719.2988.873.81
Tax %25.68%25.54%26.27%25.69%23.25%19.83%25.51%24.08%26.15%25.79%27.94%25.62%41.99%
Net Profit +65.62106.8933.9957.9863.65174.0651.9858.7045.9252.0013.9066.102.21
EPS in Rs5.118.322.644.514.9513.544.044.573.574.051.085.140.17

Financials of Bata India Ltd

Profit & Loss

Annual income statement trend

Mar 2015 15mMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +2,6942,4232,4742,6342,9313,0561,7082,3883,4523,4793,4893,516
Expenses +2,3432,1292,1782,2712,4412,2101,5401,9602,6472,6822,7362,809
Operating Profit351294296364490846169427804797753707
OPM %13%12%12%14%17%28%10%18%23%23%22%20%
Other Income +7597184966668754391918630
Interest181615151412910899118126141135
Depreciation7979656064296265242295339371420
Profit before tax329297234337478487-117140430351426182
Tax %30%27%32%35%31%32%-23%26%25%25%22%26%
Net Profit +231217159221329329-89103323263331134
EPS in Rs18.0016.9112.3717.1625.6025.59-6.958.0125.1320.4225.7310.44
Dividend Payout %18%21%28%23%24%16%-58%680%54%59%74%86%

Financials of Bata India Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital646464646464646464646464
Reserves9571,1571,2601,4101,6781,8301,6941,7501,3741,4631,5111,531
Borrowings +000001,2491,0321,0941,2461,3571,4461,387
Other Liabilities +616512599667732589542616587466801796
Total Liabilities1,6371,7331,9232,1412,4743,7323,3323,5253,2723,3503,8233,778
Fixed Assets +3093042682963171,3691,1201,2261,3921,5091,8001,651
CWIP48193012172034544144
Investments0000000000136
Other Assets +1,2801,4101,6251,8332,1402,3432,1792,2941,8761,8372,0082,087
Total Assets1,6371,7331,9232,1412,4743,7323,3323,5253,2723,3503,8233,778

Financials of Bata India Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +119204257160345582461212629453738
Cash from Investing Activity +-66-114-229-112-278-189-53934394053
Cash from Financing Activity +-50-52-56-56-63-436-369-341-1,011-518-638
Net Cash Flow237-28-74-4339-3757-24153
Free Cash Flow-1516520985263496425164539355670
CFO/OP75%106%109%76%99%91%245%51%90%69%114%

Financials of Bata India Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days8111012881711981219
Inventory Days208217225232238246265292218227195164
Days Payable10510412914614614219215399738477
Cash Conversion Cycle1111241069910011290150128162123107
Working Capital Days396151564628103327431620
ROCE %34%22%22%25%31%25%-0%8%20%19%15%12%

Guidance history

How Bata India Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →0–10%Up 0–2%Planned——
Q4 FY26 call →0–10%Flat———
Q3 FY26 call →0–10%FlatPlanned——
Q2 FY26 call →0–10%FlatPlanned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

15out of 100

Momentum score · price trend

15 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−39.7%12%
Last 6 months−9.6%37%
Last 3 months−7.3%48%

The price is 69.9% below its all-time high of ₹2,156.75 (12 Nov 2021). Stocks more than 20% below their peak have their score halved, so 29 became 15.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Bata India Ltd: 0.4 × 12 + 0.4 × 37 + 0.2 × 48 = 29, halved to 15 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Bata India Ltd's management said in earlier quarters

Others in Consumer Durables this season

  • Golkunda Diamonds & Jewellery Ltd (Q1 FY27)

    Expansion includes increasing capacity by 50-60% and diversifying with lab-grown diamond jewellery, which is seen as a key growth driver in domestic and export…

  • Symphony Ltd (Q2 FY27)

    For the quarter ended 30-Sep-26, the standalone revenue from operations is ₹170 crores, up from ₹155 crores in the same quarter of the prior year, reflecting a…

  • V-Guard Industries Ltd (Q2 FY27)

    1,852.89 crore, up 38.2% YoY from Rs. Key investor presentation takeaways from V-Guard Industries Ltd's Q2 FY27 investor presentation — and how it ranks against

  • Epack Durable Ltd (Q2 FY27)

    Q2 FY27 Operating Revenue: ₹4,393 Mn, up 106.0% YoY (Page 7, 6) . Key investor presentation takeaways from Epack Durable Ltd's Q2 FY27 investor presentation — a

Compare:vs Titan Companyvs Asian Paintsvs LG Electronics