India’s largest retailer and manufacturer of footwear Bata India Limited recently held its 79th Annual General Meeting (AGM) in Kolkata. This was a special occasion for the company as it was the first time that Uday Khanna, the present chairman of the company, headed the meeting. He thanked the shareholders for the trust they have shown in the company and applauded the untiring effort of the employees who have helped in taking the company to new heights.
The strategic positioning of the company has improved continuously, which has helped the brand expand its retail presence across Tier II and Tier III cities across India. The company has opened 146 new stores during the year 2011 and also renewed 30 of its existing stores.
Speaking during the event, Mr Khanna said, “The company has continued to achieve exceptional performances during the past few years and the year 2011 had been the best in the history of Bata India Limited. The company has achieved Rs 1,542 crore turnover during the year and a net profit of over Rs 226 crore (including net gains from surplus property). The company declared final dividend of Rs 6 per share, which is again the best ever dividend declared till date. We have continued our strategy to be strong on the extensive expansion plan with 146 new stores opened in 2011, which has resulted in excellent results of the company.”
The customer perspective
Bata’s shoes are widely popular across different states and cities in India. Jaydip Ghosh, a regular customer of Bata’s shoes, says, “The wide range of designs is really unique. Once you start wearing Bata and start getting a feel of the style and comfort it becomes difficult to try something different.”
Bata’s wide range of designs includes models like Hush Puppies, Marie Claire, Comfit, Ambassador and Mocassino.