Bata India profits down 78 percent in third quarter

New Delhi. Bata India, the leading footwear brand, said on Thursday that its consolidated net profit fell 77.66 percent to Rs 26.41 crore during the third quarter of the current fiscal year ended December 2020.

The company reported that it had reported a net profit of Rs 118.26 crore in the same period a year earlier. The company told the stock market that its operating income declined 25.90 per cent to Rs 615.62 crore in the reporting period, from Rs 830.82 crore in the year-ago period.