New Delhi: Footwear maker Bata India on Thursday posted a 13.25% rise in its net profit at Rs18.35 crore in the second quarter of this year as against Rs16.20 crore during the same period a year ago.
The company also reported 7.99% growth in its net income for the quarter ended 30 June at Rs308.63 crore, up from Rs285.28 crore during the same period of last year, Bata India Ltd said in a statement.
“Even during the tough economic times, our business has performed remarkably. Our strategy of opening large format stores continues to give us success and we continue to invest in expanding our retail business,” Bata India managing director Marcelo Villagran said.
The company has currently around 1,200 exclusive outlets across the country. Earlier this year, Bata India had announced plans to set up 180 additional stores by end of 2011 for an undisclosed investment.