Bata India · Analyst questions, management answers, and the quality of the response where the ledger is available.
ConCallIQ research layer
Use the controls below to narrow the view, then follow the evidence into the next layer of context.
Questions audited
12
Answered directly
54%
Numeric claims
1
Consistency
contradicted
Question ledger
Sameer Gupta · India Infoline
evasiveA couple of factors contributed to it. One is obviously the mix with obviously franchise and e-commerce does, as I mentioned in the past, have a different implication on the way it flows through from a gross margin to EBIT level. Also, the fact that we have been consciously providing value proposition...
Sameer Gupta · India Infoline
directRetail would be about 70% COCO. You will have franchise at about 7.5%, e-commerce at about 10%, and you will have IND at about 12%-13%.
Videesha Sheth · Ambit Capital
partialYeah, it should be a little higher going forward, Videesha. Right now, as we look at it, right, obviously, as I mentioned, we would want to continue, and we've largely retained, which is about an 80-20 ratio between franchise and COCO. It should be a little higher next year compared to the previous year that we've seen.
Videesha Sheth · Ambit Capital
partialWe don't share that, but basically, I would say that the second and the third largest brands after Bata, which is the largest by far, right, is Hush Puppies and Power. They would be in the strong double digits in the range of about 20%.
Gaurav Jogani · JM Financial Institutional Securities Limited
directIn terms of, see, there is a change in the construct of one of our license brands, and in line with the earlier, the royalty what we were paying towards the usage of the brand was being charged as other expenses. However, in line with the index requirement due to change in the structuring of the agreement, the same has been led to creation of an intangible asset...
Gaurav Jogani · JM Financial Institutional Securities Limited
evasiveYeah. No, so obviously, we know that the demand conditions have been tight, Gaurav. However, within that, what we see is that our ability to do two, three things, right? One is provide the right kind of portfolio to consumers...
Gaurav Jogani · JM Financial Institutional Securities Limited
directAt the run rate, in fact, it crossed out by a handsome margin. I'm assuming INR 1 billion is INR 100 crores, right? So it crossed it by a handsome margin last year. And this year, my sense is if this continues momentum, we should be in the range of about INR 200 crores.
Ankit Kedia · Phillip Capital
directThere are two, three pivots that are there on this, Ankit. I mean, obviously, we can speak a long time because there's a lot of effort that's gone in. The results are now being seen, but it's been in the works for almost about a year, right? The first thing that's there is the one that I'm sure you can tangibly see is reducing the aged inventory...
Ankit Kedia · Phillip Capital
partialYeah. It does result in that. It comes with a lag, and which is what I answered to someone else who was talking about it, that we are now also making sure that the products that we are looking for value proposition, we want to reset the cost price...
Rahul Agarwal · Ikigai Asset
evasiveWe don't normally give forward-looking commentary, but however, at least from a trust area and an impetus perspective, I will try and give you a few markers... One is that we want to make sure Bata is, how do you say, the heart of our consumer base... The second piece that's there is that we want over the next not only two years, but also five years to make sure that it's a volume-driven growth trajectory overall...
Rajiv Bharati · Nuvama
partialI cannot mathematically do it, but the large part would be, which is what I mentioned to another gentleman on this call sometime back, which is that there are multiple levers towards this inventory. I think the one that is the fastest and the most profitable is reduction of aged inventory...
Rajiv Bharati · Nuvama
partialWe do not share that, but as I have mentioned in my press release also, as well as my commentary at the start, the second quarter that we have seen reasonably broad-based volume growth in the mid-single digits would be the best.
