Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Bata India Limited has informed about appointment of Secretarial Auditors
Awaiting price reaction for this filing.
Bata India reported FY25 revenue from operations of Rs. 34,880 million, broadly flat versus Rs. 34,784 million in FY24. Net profit for the year jumped to Rs. 3,284 million from Rs. 2,599 million, boosted by an exceptional gain of Rs. 1,339.5 million from the sale of a freehold industrial land parcel. Employee VRS expenses of Rs. 107.8 million were recorded as an exceptional cost in Q4. Q4 standalone revenue dipped slightly to Rs. 7,878 million and Q4 profit fell to Rs. 436 million from Rs. 603 million a year ago. The Board recommended a final dividend of Rs. 9 per share (180%) on top of the Rs. 10 interim already paid, taking total FY25 dividend to Rs. 19 per share. The 92nd AGM is set for August 12, 2025 with August 1, 2025 as the record date. M/s Chandrasekaran Associates has been appointed as Secretarial Auditor for a 5-year term from April 1, 2025.
Strong FY25 profit growth was largely driven by a one-time land sale gain, so underlying earnings are weaker than they appear. The healthy dividend payout is a positive for shareholders, while flat revenue signals continued pressure on Bata's core footwear business.