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A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
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Revenue
₹944.63 Cr
verified against source
Revenue YoY
-1.4%
reported change
EBITDA
Pending
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Bata India reported a muted Q1 FY25 with revenue declining -1.4% YoY, impacted by heatwaves, elections, and a sluggish wedding season. Gross margins remained flat, while EBITDA was pressured by ~300 bps of one-time costs from ERP implementation and higher marketing spend. Premium brands like Float (now ~4.5% of retail) and Power (double-digit growth) continued to outperform, but the value segment and mass distribution remained weak. Management guided for 120-150 new stores annually (80% franchise), expansion of Power EBOs to 100+ stores by year-end, and Float kiosks doubling to ~30. BIS compliance is largely in place from August 1. Risk: sustained weakness in same-store sales and value segment could delay margin recovery.
Colored figures show movement against the previous available record.
Guidance to track
- Management targets 120-150 new EVO stores per year, with ~80% being franchise and ~20% company-owned.
- Power exclusive brand outlets to expand from 70 to over 100 by December 2024.
- Float kiosks to increase from 16 to about 30 by December 2024.
- Marketing investments will continue at 250-300 basis points of sales, supporting brand launches.
Risks flagged
- Same-store sales were negative low single digits; if this persists, margin recovery will be delayed.
- Mass distribution and value segment (sub-₹300) remain sluggish, with no clear turnaround timeline.
- A small, non-material part of the portfolio is still stabilizing domestic sourcing for BIS compliance.
- ERP and IT-related one-time costs (~300 bps) impacted EBITDA; while largely behind, similar charges could recur.
Key quotes
- It's been overall a relatively tough quarter, reflecting in our sales for a long time having dipped actually negative to -1%.
- Float continues significant momentum now on reasonably sizable base, contributions which are upwards of almost 4.5% in retail business.
- We have successfully transitioned, I think actually about a month or so prior to even the 1st of August from our sourcing as well as manufacturing days.
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