Bata shares fall 3% after weak net profit numbers
Shares of Bata fell 2.78% to Rs 1,653 crore as of 9:37 a.m. after the carrier’s net profit fell 9.6% year-on-year (YoY) to Rs 107 crore in the quarter from May. 4 to June. Bata’s revenue increased 2% year-on-year to Rs 971 crore year-on-year. However, revenue fell short of estimates by nearly 9%, Motilal Oswal …
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