Bata India Limited has informed that the Board of Directors at its meeting held on May 28, 2025, recommended a Final Dividend of Rs. 9/- per equity share, for the financial year ended March ....
Awaiting price reaction for this filing.
Bata India's Board approved audited (standalone and consolidated) financial results for Q4 and FY ended March 31, 2025. Standalone revenue from operations was nearly flat at Rs. 34,880.26 million vs Rs. 34,784.13 million last year. Standalone profit after tax jumped ~26% to Rs. 3,284.49 million (from Rs. 2,599.25 million), boosted by a Rs. 1,339.52 million exceptional gain on sale of a piece of freehold industrial land, partially offset by Rs. 107.84 million in voluntary retirement scheme (VRS) costs at another manufacturing unit. Consolidated PAT was Rs. 3,306.56 million with EPS of Rs. 25.73. The Board recommended a final dividend of Rs. 9 per share (180%) alongside the Rs. 10 interim dividend already paid, taking total dividend to Rs. 19 per share for FY25, lower than last year's Rs. 22. The 92nd AGM is set for August 12, 2025, with record date of August 1, 2025. Price Waterhouse issued an unmodified auditor opinion.
The headline PAT jump is flattering because it's driven by a one-time land sale gain and the underlying core operating profit (before exceptional items) actually fell versus last year. Total dividend is also lower YoY. Short-term positive optics from the PAT growth may be tempered by weak core margins and soft Q4 revenue, which investors will likely weigh against each other.