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