Business Insights:

Bata through its long-standing brand equity and strong management standing has sailed through multiple cycles, reviving itself numerous times from 'trough phases' over the last many decades.

With growth being elusive over the last few years, management’s revamped strategy has started delivering results over the last few quarters

Sustained product innovation, heightened branding marked by the three brand ambassadors, revamped store experience, superfluous growth in the e-commerce channel and deeper penetration in newer town/cities are expected to aid BATA sustain its low teens growth momentum.

Huge operating leverage to play out from rental expenses with increasing scale of operations to enhance returns.

BATA can still deliver a revenue and PAT CAGR of ~12% and ~21% over the FY19 to FY21E period.

Disclaimer: The above report is compiled from information available on public platforms. inChat team advises users to check with certified experts before taking any investment decisions.

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