BATAINDIA / Q2-FY26 / claim-ledger

Audit the questions that mattered.

Bata India · Analyst questions, management answers, and the quality of the response where the ledger is available.

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NegativeQ2-FY26 · 2025-10-30Back to quarter ↗

Questions audited

Answered directly

59%

Numeric claims

Consistency

consistent

Question ledger

What was answered, and how?

Sameer Gupta · India Infoline

direct

Quantify GST disruption impact on revenue growth.

we assume if the transitions would not have been there, we would have at least reported a flat revenue versus a 4% decline what we're seeing right now from a top-line perspective.

Sameer Gupta · India Infoline

direct

What is pulling down EBITDA margin besides weak same-store sales?

there are two large impacts, one being the gross margin erosion... The second, the drive to continuously improve the freshness...

Sameer Gupta · India Infoline

evasive

Is there an EBITDA margin range target and path to it?

So while we don't give you a forecast, Sameer, right, but some of these were typical... incidences/actions for the quarter gone by, so we should not see them repeating.

Saurabh Kundan · Goldman Sachs

declined

Same-store sales growth for COCO stores during Navratri vs last year.

We don't reveal and share that, but what I can tell you is... there was obviously a disproportionate impact...

Saurabh Kundan · Goldman Sachs

direct

How long before channel hygiene normalizes after GST disruption?

the moment 22 September happened, the buying resumed, and everything is live now. It's just that the backlog we could not service in just seven to nine days...

Tejas Shah · Avendus Spark

partial

Why didn't Bata capture festive demand like other retailers?

East is about 20% of our business... there was a disruption-related impact on the 22nd that was obviously not recovered as fast.

Tejas Shah · Avendus Spark

evasive

What is the core problem still not responding despite interventions?

I think our hypothesis is exactly on the lever that we are working on... investments into now expansion in the right channels... product funnel getting reimagined.

Prerna Jhunjhunwala · Elara Capital

direct

Strategy for value vs premium and impact on volume and ASP.

Bata will continue to drive volumes. We will want within that the full-price sales to go up significantly... Premiumization will be driven by certain categories...

Prerna Jhunjhunwala · Elara Capital

partial

Volume growth and ASP decline this quarter due to inventory declutter.

Overall, flat on ASP.

Prerna Jhunjhunwala · Elara Capital

partial

Will margins recover to previous levels in two years?

next quarter, which is a big EOSS period, we should see significantly lower markdown impact on gross margin... overall margin should come out to be better compared to the previous year.

Sameer Gupta · IIFL Securities

direct

What percentage of portfolio is below INR 1,000, 1,000-2,500, above 2,500?

So about 40% below 1,000, 40% between 1,000 and 2,500, and 20% above 2,500. 40, 40, 20.