The second half of this fiscal year remains crucial as demand recovery is expected to show a decent improvement
Footwear company Bata India Ltd was having a reasonable run in January and February, posting about 8% growth. However, sales plunged in March, as covid-19 forced stores to close. This led to about 9% decline in the overall March quarter revenue to ₹620 crore. Bata’s revenues had increased by 8% year-on-year for the nine months ended December.