BENGALURU, Aug 6 (Reuters): Footwear maker Bata India reported a nearly 63 per cent rise in first-quarter profit on Tuesday, after four quarters of profit slump, aided by a one-time gain from sale of property.
The company, which sells brands such as Hush Puppies and North Star in India, said its consolidated profit rose to 1.74 billion rupees ($20.7 million) in the three months ended June 30 from 1.07 billion rupees a year ago.
Revenue from operations fell marginally to 9.45 billion rupees, while total expenses rose about 6 per cent to 8.78 billion rupees.
Bata India had a one-time gain of 1.34 billion rupees from sale of property in the June quarter.
The company declared an interim dividend of 10 rupees per share.
Bata India's Q1 profit rises on one-time gain
FE Team | Published: August 07, 2024 00:56:51
Bata India's Q1 profit rises on one-time gain
Share if you like