Footwear: No bargains here!
Footwear, like most F&L categories, is fragmenting, with top businesses within the ecosystem losing revenue/EBITDA share.
455 Views
Bata Ind - Festive Shift Impacted Growth; Maintain HOLD
The premium portfolio continues to remain strong, which was mainly led by Floatz, followed by Sneakers and Comfit. Hush Puppies’ performance...
542 Views
Bata India - Can Bata Fix Its Volume Problem? Maintain REDUCE
Bata’s premiumisation-volume trade-off strategy proved suboptimal vis-a-vis peers over FY15-23 (lost 10pp+ market share over FY15-23, ~13/16% FY23...
670 Views
Bata India - Subdued Performance; Downgrade to HOLD
Revenue grew by 2% YoY (2% on a 4-Year CAGR) and volume growth of 1-2% impacted owing to weak demand environment and lesser wedding occasions.
271 Views
Bata India - Premiumisation Driving Growth; Maintain BUY
Revenue grew by 10% YoY (8% on a 3-Year CAGR), largely led by store expansion and casual footwear but the mass portfolio (~22% of sales) continued...
325 Views