Bata India (500043) Q4 25/26 earnings summary

Executive summary

• Revenue grew 5.1% year-over-year to INR 8,276 million in Q4 FY26, with volume up 2.8%.

• Audited standalone and consolidated financial results for the year ended March 31, 2026, were approved with unmodified opinions from auditors.

• The Board recommended a final dividend of Rs. 9 per share (180% of face value), subject to AGM approval.

• Retail growth was volume-led, with franchise and SIS channels delivering high double-digit growth.

• Digital and eCommerce sales surged, with Bata.com up 81% and eCommerce overall up 26% year-over-year.

Financial highlights

• Revenue from operations reached INR 8,276 million in Q4 FY26, up 5.1% year-over-year.

• Standalone revenue for FY26 was Rs. 35,154.84 million, with consolidated revenue at Rs. 35,154.95 million.

• Gross margin declined by 242 bps year-over-year in Q4 FY26; standalone gross margin remained stable for FY26.

• Profit before tax (before exceptional and forex loss) was INR 1,322 million, down 103 bps in margin.

• Cash from operations increased 18.3% year-over-year in Q4 FY26.

Outlook and guidance

• Strategic focus on customer-driven, profitable growth through retail expansion, digital scale-up, and inventory agility.

• Continued investment in brand and marketing to drive consideration and sales.

• The Board recommended a final dividend of Rs. 9 per share for FY26, subject to shareholder approval at the AGM scheduled for August 12, 2026.

• The company continues to monitor the impact of new labour codes and geopolitical developments on its operations.