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...
416 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...
503 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.
147 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...
187 Views
Festive temperature check: Festive mood sombre
We recently interacted with numerous store managers and companies to assess the festive performance and demand in discretionary categories
444 Views