BATAINDIA / Q3-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.

Research layer active

ConCallIQ research layer

Signal, with the source still visible.

Use the controls below to narrow the view, then follow the evidence into the next layer of context.

WatchQ3-FY26 · 2026-02-10Back to quarter ↗

Questions audited

Answered directly

58%

Numeric claims

Consistency

contradicted

Question ledger

What was answered, and how?

Samir Gupta · Capital

partial

How do simplification initiatives drive double-digit growth aspiration?

the biggest one is elevating marketing investments... second is zerobased merchandising giving incremental benefit... third is product rationalization to get authority on product... expansion across channels.

Samir Gupta · Capital

direct

Reason for sharp jump in key retail outlets this quarter?

this is cumulative of effort over last four quarters... we reach about 20,000 outlets in MBOs... key retail outlets contribute 25-30% of turnover.

Samir Gupta · Capital

declined

Can you share 9-month growth numbers for brands like Bata, Hush Puppies, Power?

I will need to come back to you on this in the interest of time.

Korov Joani · JM Financial

evasive

Has GST impact from Q2 been recovered? Will future benefit?

difficult to do complete arithmetic... some impact was channel, some consumer hesitancy... we do see momentum continuing.

Korov Joani · JM Financial

partial

Has GST rate reduction improved mass-end portfolio recovery?

Not as much as I would have liked but yes better than what we have seen over the last seven eight quarters.

Korov Joani · JM Financial

evasive

Will ZBM delta of 5% grow over time?

delta is not the only relevant metric... product piece will add on... marketing investments will add on.

Korov Joani · JM Financial

direct

E-commerce contribution and margin profile?

mid double digits in terms of contribution... broadly at par, might be slightly lower than overall profitability.

Dwan Shuans · MK Global

direct

What is the size of Hush Puppies business?

overall it's in the range of about 700 crores I would say and in retail stores it contributes to anywhere between 15 to 20%.

Dwan Shuans · MK Global

direct

Steps to protect business from increased competition?

on lower end: value proposition and franchise expansion... on premium: expansion of Hush Puppies EBOs to 200+ and product authority.

Dwan Shuans · MK Global

evasive

What export scale are you targeting over 2-3 years?

I will not be able to give you numbers but ambitions are pretty large... historically 700k to 1 million pairs, you will see a significant jump.

Musana · Swan Investment

direct

How many Hush Puppies stores currently and target?

total of 160 EOS, about 125-135 COCO and 25 franchise... aiming for about 200+ in next 12 months.

Chetan Takar · M3 Investment Private Limited

direct

How to address low brand recall among younger consumers?

average age is early 30s... awareness is not a problem but relevance needs work on sneakers and digital presence... marketing spend moved digital.