Bata India posts 38.74 rise in net profit for Q2

Footwear retailer and manufacturer Bata India on Wednesday posted an increase of 38.74 per cent in its net profit at Rs 54.11 crore for the second quarter ended September 30 this year.

It stood at Rs 39 crore in the corresponding quarter of the last fiscal.

The company's net sales in the July-September timeframe surged to Rs 575.15 crore as against Rs 547.64 crore during the same period of previous fiscal.

"Despite economic slowdown and a lower consumer sentiment, our second quarter performance for the period July-Sept 2015 has seen a growth of 5 per cent compared to the same period last year," Bata India's group managing director of south Asia, Rajeev Gopalakrishnan said in a statement.

He said the firm would be expanding its product offering, focusing on the same-store growth and strengthening e-commerce business to reach out to a larger consumer base.