Bata’s profit depends on the hope of recovery and the rising premium portfolio

Shares of footwear giant Bata India have been the biggest gainers among larger listed footwear companies since the start of the month, on expectations of a recovery in the value segment, new launches and measures by the new government to boost consumption.

The third-largest footwear maker by market capitalization has lagged behind its peers in recent quarters due to the slowdown in the mass market segment, which accounts for a significant portion of sales. The stock is up eight percent this month, outperforming its peers and benchmarks.

Although the company has its quarterly result in March

First print: June 11, 2024 | 6:18 PM IST