Kolkata: Footwear maker Bata India Ltd on Tuesday said its net profit in the March quarter had jumped 44.8% to Rs52 crore from Rs35.9 crore in the same period a year ago, thanks to higher sales and improved margins.

Revenue for the March quarter at Rs632.3 crore was 5.73% higher than last year. Continued focus on value added products and efficiencies in cost structure resulted in higher net profit, the company said in a statement.

For the full fiscal year 2018, Bata registered a net profit of Rs223.5 crore, an increase of 40.8%, against Rs158.7 crore a year ago. Its revenue in the fiscal 2018 at Rs2,636.31 crore was up 5.5% over the previous year. With earnings per share of Rs17.40 for the full year, Bata will be paying a dividend of Rs4 per share.

On Tuesday, Bata India shares rose 1% to Rs753 apiece on BSE in a flat market.

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