- Bata India has higher networth, total assets, inventories, debtors, and net current assets compared to Relaxo Footwears.
- However, Relaxo Footwears has higher gross block, net block, secured loans, and total debt compared to Bata India.
- In terms of profitability, Bata India reported higher net profit but Relaxo Footwears reported higher sales turnover compared to Bata India.
Call Girls In Malviya Nagar 9654467111 Escorts Service
Bata material
1. Bata India Limited, India’s leading footwear retailer and manufacturer, today announced its financial results for the
second quarter ended June 30, 2010. The Company’s PBT grew by an impressive 46% at Rs. 3,968.7 lacs as
against Rs. 2,718.4 lacs in the same period last year. The Net Sales of the Company grew by 13.4% at Rs. 35,006.7
lacs as against Rs. 30,862.6 lacs in the same period last year.
For the half year period ending 30th June 2010, the Company’s PBT grew by an impressive 40% at Rs. 6,072.4 lacs
as against Rs. 4,341.9 lacs in the same period last year. The Net Sales of the Company grew by 12.5% at Rs.
60,922.1 lacs as against Rs.54,165.8lacs in the same period last year.
Click here for Cloud Computing
Also Read
News
Related Stories
Now
- SAIL posts Q1 profit after tax of
Rs 1,177 cr
- Huawei enters India open
market with new mobile devices
- RBI accords 'Infrastructure
Finance Companies' status to
PFC
- ICICI Lombard facilitates prompt
settlement of Aban Pearl's claim
worth $235 mn
- LITL bags order from Mahagenco
- Ashok Leyland to acquire a 26%
stake in UK's Optare
Announcing the results, Mr. Marcelo Villagran, Managing Director, Bata India Limited said, “We have delivered our
best ever results this quarter with the highest growth in our bottom line. This increased profitability is the result of
improved sales and margin from our shoe line and continued growth from both of our retail and non retail businesses
through rapid expansion, higher response to our collections, better customer service and growth in our customer
base. We will continue to grow and focus on providing the Indian consumer with the best in footwear.”
Bata India continued to expand through opening new international format shoe stores across several cities in India. It
also invested in expanding the footprint of the Hush Puppies chain of exclusive stores targeting premium customers
and is today present in all metros. The chain also reached out to newer customers through shop in shops in
partnership with major department store chains.
Bata continued to focus on continuous improvement of its shoe designs for the youth and women segments. Newer
designs introduced during this quarter under its international brands of Marie Claire, North Star &Weinbrenner were
much appreciated by such customers. The company’s spring summer collection and monsoon collection also
received great response from the customers. Recent introduction of a sporty range of school shoes met with huge
success.
During the quarter, Bata India was chosen by consumers as India’s Most Preferred Exclusive Retailer and received
this award under the prestigious CNBC AWAAZ Consumer Awards 2010.
Accepting the Award, Mr. Villagran said, “We are delighted to receive this Award as India’s most preferred Exclusive
Retail Outlet. This reconfirms our commitment to providing the best retail experience to our consumers in India. Our
efforts in retail expansion, improving customer experience, better merchandise selection have been rewarded with
the trust of the consumers.”
About Bata India:
Bata has been holding a unique place in the hearts of Indians for more than 75 years. Probably the only footwear
2. brand that offers footwear and accessories for the entire family, Bata has redefined the modern footwear industry in
India. It has established a leadership position in the industry and is the most trusted name in branded footwear.
Bata India is the largest footwear retailer in India, enjoying a large market share in the organized sector. It retails
through over 1200 Bata Shoe Stores located in over 400 cities across India.
For more information on Bata India, please visit www.bata.in
Statistics
Positive Outlook
Export Import
Production Centers
Employment Scenario
BACK TO HOME
Indian Footwear Industry Overview
Search
Indian leather industry is the core strength of the Indian footwear industry. It is the engine of growth
for the entire Indian leather industry and India is the second largest global producer of footwear after
China.
Reputed global brands like Florsheim, Nunn Bush, Stacy Adams, Gabor, Clarks, Nike, Reebok, Ecco,
Deichmann, Elefanten, St Michaels, Hasley, Salamander and Colehaan are manufactured under license
in India. Besides, many global retail chains seeking quality products at competitive prices are actively
sourcing footwear from India.
While leather shoes and uppers are produced in medium to large-scale units, the sandals and chappals
are produced in the household and cottage sector. The industry is poised for adopting the modern and
state-of-the-art technology to suit the exacting international requirements and standards. India
produces more of gent’s footwear while the world’s major production is in ladies footwear. In the case
of chapels and sandals, use of non-leather material is prevalent in the domestic market.
Leather footwear exported from India are dress shoes, casuals, moccasins, sport shoes, horrachies,
sandals, ballerinas, boots. Non-leather footwear exported from India are Shoes, Sandals and Chappals
3. MODEUROP. Design and Retail information is regularly made available to footwear manufacturers to
help them suitably address the season's requirement.
The Indian Footwear Industry is gearing up to leverage its strengths towards maximizing benefits.
Strength of India in the footwear sector originates from its command on reliable supply of resources in
the form of raw hides and skins, quality finished leather, large installed capacities for production of
finished leather & footwear, large human capital with expertise and technology base, skilled manpower
and relatively low cost labor, proven strength to produce footwear for global brand leaders and
acquired technology competence, particularly for mid and high priced footwear segments. Resource
strength of India in the form of materials and skilled manpower is a comparative advantage for the
country.
The export targets from 2007-08 to 2010-11 as tabulated below reflects the fact that footwear sector
is the most significant segment of the Leather Industry in India.
The export targets from 2007-08 to 2010-11
(In Million US$)
Product 2006-07 2007-08 2008-09 2009-10 2010-11
Actual Export
Leather 688.05 726.85 785.00 847.80 915.63
Footwear 1212.25 1967.88 2597.60 3428.83 4526.05
Garments 308.98 358.53 372.87 387.78 403.30
Leather Goods 690.66 733.34 798.69 870.06 948.04
Saddlery& 81.85 105.66 127.85 154.70 187.19
Harness
Total 2981.79 3892.26 4682.01 5689.17 6980.21
India has emerged in recent years as a relatively sophisticated low to medium
cost supplier to world markets –The leather industry in India has been targeted
by the Central Government as an engine for economic growth. Progressively, the
Government has prodded and legislated a reluctant industry to modernise. India was noted as a
supplier of rawhides and skins semi processed leather and some shoes.
In the 1970’s, the Government initially banned the export of raw hides and skins,
followed this by limiting, then stopping the export of semi processed leather and
encouraging local tanneries to manufacture finished leather themselves. Despite
protestations from the industrialists, this has resulted in a marked improvement in
the shoe manufacturing industry. India is now a major supplier of leather footwear
to world markets and has the potential to rival China in the future (60% of Chinese
exports are synthetic shoes).
India is often referred to as the sleeping giant in footwear terms. It has an installed
4. capacity of 1,800 million pairs, second only to China. The bulk of production is
in men’s leather shoes and leather uppers for both men and ladies. It has over 100 fully mechanised,
modern shoe making plants, as good as anywhere in the world (including Europe). It makes for some
upmarket brands including Florsheim (US), Lloyd (Germany), Clarks (UK), Marks and Spencer (UK).
India has had mixed fortunes in its recent export performance. In 2000, exports of
shoes were US$ 651 million, in 2001 these increased to 663 million but declined
in 2002 to 623 million dollars (See Statistics).
The main markets for Indian leather shoes are UK and USA, which between them
take about 55% of total exports.
India has not yet reached its full potential in terms of a world supplier. This is due
mainly to local cow leather that although plentiful, has a maximum thickness of 1.4
– 1.6mm, and the socio / political / infrastructure of the country. However, India
is an excellent supplier of leather uppers. Importation of uppers from India does not infringe FTA with
Europe or the USA.
The potential is set to change albeit slowly, but with a population rivalling China for
size, there is no doubt the tussle for world domination in footwear supply is
between these two countries.
Few Interesting Facts:
- The Indian footwear retail market is expected to grow at a CAGR of over 20% for the period
spanning from 2008 to 2011.
- Footwear is expected to comprise about 60% of the total leather exports by 2011 from over 38% in
2006-07.
- Presently, the Indian footwear market is dominated by Men's footwear market that accounts for
nearly 58% of the total Indian footwear retail market.
- By products, the Indian footwear market is dominated by casual footwear market that makes up for
nearly two-third of the total footwear retail market.
- As footwear retailing in India remain focused on men's shoes, there exists a plethora of opportunities
in the exclusive ladies' and kids' footwear segment with no organized retailing chain having a national
presence in either of these categories.
- The Indian footwear market scores over other footwear markets as it gives benefits like low cost of
production, abundant raw material, and has huge consumption market.
- The footwear component industry also has enormous opportunity for growth to cater to increasing
production of footwear of various types, both for export and domestic market.
In a Nutshell:
There are nearly 4000 units engaged in manufacturing footwear in India. The industry is dominated by
small scale units with the total production of 55%. The total turnover of the footwear industry
including leather and non-leather footwear is estimated at Rs.8500-9500 crore (Euro 551.3-1723.1
5. Million) including Rs.1200-1400 crore (Euro 217.6-253.9 Million) in the household segment.
India's share in global leather footwear imports is around 1.4% Major Competitors in the export
market for leather footwear are China (14%), Spain (6%) and Italy (21%).
The footwear industry exist both in the traditional and modern sector. While the traditional sector is
spread throughout the country with pockets of concentration catering largely to the domestic market,
the modern sector is largely confined to select centres like Chennai, Ambur, Ranipet, Agra, Kanpur
and Delhi with most of their production for export.
Assembly line production is organized, and about 90% of the workforces in the mechanized sector in
South India consist of women. In fact, this sector has opened up plenty of employment opportunities
for women who have no previous experience. They are trained to perform a particular function in the
factory itself.
===
___-----------------------------------------------------------------------------------------------------------
Competition
Name Last Price Market Cap. Sales Net Profit Total Asse
(Rs. cr.) Turnover
Bata India 702.95 4,517.42 1,266.43 95.35 412
Relaxo Footwear 322.25 386.74 557.76 37.69 317
Mirza Intl 20.55 190.51 474.38 39.18 309
Liberty Shoes 82.60 140.75 298.14 10.64 241
Bhartiya Inter 61.05 61.44 167.33 5.54 180
Crew B.O.S. 39.00 54.57 621.01 22.43 447
Enter Nam
Compare Bata India with another company
Comparison with Competitors
Balance Sheet
P&L Account
Cash Flows
Quarterly
Half Yearly
9 Monthly
Yearly
Balance Sheet ------------------- in Rs. Cr. -------------------
Bata
Relaxo Footwear Mirza Intl Liberty Shoes Bhartiya Int
India
6. Dec
Mar '11 Mar '11 Mar '11 Mar '
'10
Sources Of Funds
Total Share Capital 64.26 6.00 18.54 17.04 9.
Equity Share Capital 64.26 6.00 18.54 17.04 9.
Share Application Money 0.00 0.00 0.00 0.00 2.
Preference Share Capital 0.00 0.00 0.00 0.00 0.
Reserves 299.30 128.62 160.00 124.59 108.
Revaluation Reserves 34.68 0.00 0.00 0.00 0.
Networth 398.24 134.62 178.54 141.63 120.
Secured Loans 0.00 143.77 131.09 95.56 59.
Unsecured Loans 13.77 38.74 0.00 4.45 0.
Total Debt 13.77 182.51 131.09 100.01 59.
Total Liabilities 412.01 317.13 309.63 241.64 180.
Bata
Relaxo Footwear Mirza Intl Liberty Shoes Bhartiya Int
India
Dec
Mar '11 Mar '11 Mar '11 Mar '
'10
Application Of Funds
Gross Block 417.56 352.90 274.81 145.95 47.
Less: Accum. Depreciation 264.44 84.47 87.03 59.47 9.
Net Block 153.12 268.43 187.78 86.48 37.
Capital Work in Progress 0.32 1.18 15.84 1.05 2.
Investments 17.25 0.06 1.00 17.94 71.
Inventories 299.36 116.59 104.72 81.28 55.
Sundry Debtors 30.20 23.24 31.22 77.67 8.
Cash and Bank Balance 15.65 1.09 4.80 0.96 4.
Total Current Assets 345.21 140.92 140.74 159.91 67.
Loans and Advances 175.27 20.49 35.76 36.00 34.
Fixed Deposits 119.92 1.07 0.00 1.83 3.
Total CA, Loans & Advances 640.40 162.48 176.50 197.74 105.
Deffered Credit 0.00 0.00 0.00 0.00 0.
Current Liabilities 313.14 110.12 60.87 60.10 30.
Provisions 85.94 4.90 10.64 1.48 5.
Total CL & Provisions 399.08 115.02 71.51 61.58 36.
Net Current Assets 241.32 47.46 104.99 136.16 69.
Miscellaneous Expenses 0.00 0.00 0.00 0.00 0.
Total Assets 412.01 317.13 309.61 241.63 180.
Contingent Liabilities 72.53 3.07 124.26 27.35 10.
Book Value (Rs) 56.57 112.17 19.26 83.11 124.
Source : Dion Global Solutions Limited
Explore Bata India connections