BSECompany Update14h ago · 9 Nov 2026, 04:00 pm
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Bata India Limited has informed about transcript of Post Earnings Call
Bata India Ltd · 500043
✦ AI Summary▲ PositiveResults
Bata India Ltd has announced the transcript of its Post Earnings Call for 2QFY27, with Managing Director and CEO Sanjay Rao highlighting the company's growth potential, consumer trust, and team's enthusiasm. The company recorded a 7.5% growth in turnover, with higher price points and footfall driving growth. Franchisee and I&D channels recorded double-digit growth, while e-commerce business grew at a healthy pace despite B2B partner deferments.
Analysis Scores
Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact9/10
Market Sentiment8/10
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Bata India Ltd - 500043 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
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November 9, 2026
The Manager, CRD The Manager, Listing Department The Secretary
BSE Limited National Stock Exchange of India Limited The Calcutta Stock Exchange
P J Towers, Dalal Street, Fort, Exchange Plaza, 5th Floor, Limited
Mumbai - 400001 Plot No. C-1, Block G, BKC, Bandra (E), 7, Lyons Range,
Mumbai - 400051 Kolkata - 700001
BSE Security Code: 500043 NSE Symbol: BATAINDIA CSE Scrip Code: 10000003
Dear Sir/Madam,
Subject: Post Earnings Call
This is further to our letters dated October 21, 2026, November 3, 2026 and November 4, 2026, on the captioned
subject.
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we
are enclosing herewith the transcript of the Post Earnings Call (Group Call) held on Wednesday, November 4,
2026.
The above information shall also be made available on Company’s website viz., www.bata.in
This is for your information and records.
Thanking you,
Yours faithfully,
For BATA INDIA LIMITED
NITIN BAGARIA
AVP – Company Secretary & Compliance Officer
Encl.: As above
BATA INDIA LIMITED
CIN: L19201WB1931PLC007261
Registered Office: 27B, Camac Street, 1st Floor, Kolkata-700016, West Bengal II Tel.: (033) 22895796
E-mail: in-customer.service@bata.com II Website: www.bata.in
“Bata India Limited
2QFY27 Earnings Conference Call”
November 04, 2026
MANAGEMENT: MR. SANJAY RAO – MANAGING DIRECTOR AND CEO –
BATA INDIA LIMITED
MR. AMIT AGGARWAL – DIRECTOR, FINANCE AND
CFO – BATA INDIA LIMITED
MR. NITIN BAGARIA – COMPANY SECRETARY – BATA
INDIA LIMITED
MODERATOR: MR. ARYAN GARODIA – AMBIT CAPITAL
Page 1 of 12
Bata India Limited
November 04, 2026
Moderator: Ladies and gentlemen, good day and welcome to the Bata India 2QFY27 Earnings Conference
Call. As a reminder, all participant lines will be in the listen-only mode and there will be an
opportunity for you to ask questions after the presentation concludes. Should you need assistance
during this conference call, please signal an operator by pressing star then zero on your touchtone
phone. Please note that this conference is being recorded.
I now hand the conference over to Mr. Aryan Garodia. Thank you and over to you, sir.
Aryan Garodia: Hi, good evening everyone and on behalf of Ambit Capital, I thank the management of Bata
India for the opportunity to host their 2QFY27 earnings conference call. Joining us from the
management today, we have Mr. Sanjay Rao, MD and CEO, Mr. Amit Aggarwal, CFO and Mr.
Nitin Bagaria, Company Secretary. We now begin with opening remarks from the management,
post which the forum will be open for the question-and-answer session.
Thank you and over to you, Nitin sir.
Nitin Bagaria: Thanks Ambit team and the moderator. Welcome everyone to the earnings call for 2QFY27. We
have Sanjay Rao, Managing Director and CEO joining us for the first time. We also have Amit
Aggarwal, Director, Finance and CFO.
Without much ado, I pass it on to Sanjay. Thanks.
Sanjay Rao: Thank you, Nitin. Good evening, everyone. Warm welcome, as this is my first call as the
Managing Director and CEO for Bata India, I want to start by thanking the Board for placing
their faith in me as we take this brand to the second century in India. I would also like to thank
Gunjan Shah, our previous CEO, for his leadership over the past 5 years and for a smooth
transition. I'm privileged to build on that and to accelerate our journey on to Reignite India 2030.
In my first 72 days, I've been on a learning journey. I've visited our stores across our country in
more than 10 cities, our factories, distribution centers. I've met many of our franchisee partners
and have met industry leaders. Three things broadly stood out for me. First, we have room to
grow.
India trusts Bata, consumers who walk into our stores expect a product that comes in with
comfort, value, quality and with great service. Second, I'm thankful to the team that I have
discovered here.
We have a team that really wants to win. I want to thank our frontline colleagues who are the
face of Bata for about 45 million consumers who walk in through the door every year. Third, we
have a reach that very few brands can match in India.
I will continue to build on this as we expand in pursuit of new opportunities. If I had to put it in
one line, Bata stands for unreasonably good shoes for everyone, everywhere since 1931 in India
and since 1894 across the globe. Trust and reach are our foundation, and my job is to ensure
Bata stays relevant to every generation of Indian consumers.
Page 2 of 12
Bata India Limited
November 04, 2026
You'll see us focus on 3 things: making our stores and assortment more consumer-led to grow
like-for-like growth, bringing newer, more exciting products at better value and growing our
stores through franchisees, e-commerce and youth-relevant products. Now, coming to the
quarterly performance.
We've already uploaded our presentation. I hope you all had a chance to go through it. We've
already shared the disclaimer earlier, which is part of the presentation. We recorded a turnover
of 8.6 million for the quarter, recording a growth of 7.5% and maintaining the positive trajectory
for the fourth consecutive quarter.
While the overall growth in volume was reasonably democratic, we saw higher price points
doing better, leading to growth in ASP. We also recorded growth in footfall in our stores, while
the market in general faced headwinds on this. We continue to optimise our stores and have
gathered pace in addition to franchisee stores, both through organic and inorganic means.
As you may have read in the press release, we recorded double-digit growth in franchisee and
I&D channels. E-commerce business continues to grow at a healthy pace despite the impact of
deferment of orders from selected B2B partners. I&D grew in mid-teens with handsome growth
in secondary sales.
On a half yearly basis, our ad spends went up by over 4%. We recorded growth in overall reach
and website hits. We continue to keep working on our inventory. Our stock turn is now higher
than 2.6, and freshness in stores is over 90%. Aged inventory is close to 5%.
The operational efforts that it has taken us to do this, including ZBM and Customer First project
continue to contribute to our margins. Lastly, to top this all, the adjusted profit before tax grew
by over 31% against the same quarter last year. The adjusted operating cash profit grew by over
9% versus previous year.
With that, I'll end my comments. And before I pass it back to the moderator, I would like to wish
you all a Happy Diwali. I hope you can spend some time with your family and friends next week.
And I hand it back to the moderator. Thank you so much.
Moderator: Thank you very much. We will now begin the question-and-answer session. The first question
is from the line of Sameer Gupta from IIFL Capital.
Sameer Gupta: Just wanted to know Sanjay from you.
Nitin Bagaria: Sorry, Nitin here. Just if you could speak a little louder, we have some audio...
Sameer Gupta: Am I audible now?
Nitin Bagaria: Yes, much better.
Sameer Gupta: So first one to Sanjay, what are the immediate near-term priorities if you can list that? Is it
improving availability at stores? We've seen that as a common complaint, although in the last
store visit, I was positively surprised. Is it bringing back the margins as a company as a whole?
And in each of the priorities, what would be the roadmap?
Page 3 of 12
Bata India Limited
November 04, 2026
Sanjay Rao: Firstly, welcome to the call, and thank you for posing the question here. As I continue through
my learning phase, what I really see is that what is going to help us is to continue pressing on
the growth opportunities that are existing, which are franchising, premiumization and
casualisation, even as we expand our brand. So I'm happy as well that, as you mentioned, you
are positively surprised. Thank you for that. To see that availability is really helping us.
And this is providing us with the overall, let's say, the tailwind to s
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