Bata India's Consolidated Profit Declines in Fiscal Q4

MT Newswires Live

05/29

Bata India (NSE:BATAINDIA, BOM:500043) witnessed a decline in its consolidated profit to 459.2 million Indian rupees in the fiscal fourth quarter ended March 31, against 636.5 million rupees a year ago.

Earnings per share contracted to 3.57 rupees compared with the year-ago figure of 4.95 rupees, according to a Wednesday filing to the shoes and accessories manufacturer.

Revenue from operations in fiscal Q4 also declined to 7.88 billion rupees from 7.98 billion rupees a year earlier.

The company's board recommended a final dividend of 9 rupees per equity share of 5 rupees each for the financial year ended March 31.

Bata's shares were down over 1% in recent trade.

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