Bata India Limited reported excellent financial results for the second quarter of 2011, with profit before tax growing 55.5% over the same period last year. Net sales increased 22.7% over the previous year. For the first half of 2011, profit before tax was boosted by a one-time gain from a property project, and net sales grew 21.5% year-over-year. The managing director attributed the increased profitability to improved sales and margins across retail and non-retail businesses through expansion, product innovation, cost controls, and better customer service. Bata continued expanding its retail footprint with 68 new stores in the period and plans to open over 70 new stores annually.