Ever since Sandeep Kataria took over as CEO of Bata India in August 2017, one of his favourite jobs involves driving into a small town and asking for directions to the Bata store there. “And very often there is a Bata chowk in the town, where the Bata store is,” he says with a laugh. “So that itself is a nice, solid kick in the morning.”
It is the middle of the countrywide lockdown and like probably every other CEO in the country, Kataria has been planning scenarios and strategies for the omnipresent brand post-lockdown. But he is also glad to be doing something normal, like discussing normal times. Which at Bata India have been good—not just over the past few years, but also through the economic stasis last year.
Bata India clocked revenues of ₹2,636.32 crore in FY18 and ₹2,928.44 crore in FY19, registering an 11 percent growth. In the same period, its net profits grew 47 percent from ₹223.58 crore to ₹329.66 crore. In Q3 of the current financial year, it reported revenues of ₹829.6 crore and a net profit of ₹117.2 crore. This took the total profit for the fiscal up to December to ₹289.3 crore, a 20 percent increase over the ₹241.3 crore profit for the same period last year.
During the financial year ended March 31, 2019, Bata India opened over 130 own and franchise stores, strengthening its already strong distribution network to over 1,500 exclusive stores in 600 towns and cities. It has also launched a store refurbishment drive across 500 selected stores.
هذه القصة مأخوذة من طبعة May 22, 2020 من Forbes India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة May 22, 2020 من Forbes India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Home-Cooked Meal Is Now Greatly Valued
The pandemic has also brought with it an improved focus on hygiene, use of technology in dining, rise of cloud kitchens and resurgence in popularity of Indian ingredients
Paytm 3.0 - Reaching Near Breakeven In Two Years
As of 2020, Vijay Shekhar Sharma’s super app for financial services had run up losses in thousands of crores. Now, as digital payments gets yet another boost courtesy Covid-19, he’s hopeful of reaching near breakeven in two years
THE PANDEMIC HAS CAUSED WOMEN GREATER LABOUR PAIN
Covid-19 has shown that women are more likely to face the brunt of job losses than men, and find fewer opportunities when they want to resume. That apart, several have to deal with increased hours of unpaid work at home and even domestic abuse
LEADERSHIP WILL BE ABOUT SEEING THE BIGGER PICTURE
Leaders must not only guard their teams first during a crisis, but also deal with stakeholders with respect and dignity. And apart from pursuing business goals, they should remain committed to our planet and the environment
PHILANTHROPY SHOULD BE HUMBLE, BUT NOT MODEST
Apart from building a flexible and resilient framework for the future, philanthropists, civil society and the government must work in tandem so that every rupee is absorbed on the ground
INTEGRATED HEALTH CARE, TECH WILL DISRUPT SECTOR
While clinical research will get a boost, having a skilled workforce and public spending on health care will be challenges in the near term
DIGITALISATION WILL HELP IN VALUE CREATION
As the pandemic brings technology and innovation to the core of business and daily life, the next decade will see about 150 million digital-first families in India
Industry 4.0: Climate Revolution?
Augmenting sustainability alongside digital capabilities is an economic, competitive and global opportunity for India’s businesses, but regulations need to reflect intent
EV Dream Still Miles Away
Electric vehicles have remained a buzzword in India for years. But not much has moved on ground due to high upfront costs, range anxiety and charging infrastructure
Living Waters
A virus has caused us to scramble for oxygen but our chokehold on the environment is slowly strangling the very waters that breathe life into us. The virus is a timely reminder: We are merely consumers, not producers of life’s breath on this planet
