Q1 2025 Bata India Ltd Earnings Call Transcript
Key Points
- E-commerce momentum continued to grow, contributing positively to both portfolio and profitability.
- Franchise store expansion is robust, with 40 to 50 EBOs being added every quarter, particularly in Tier 3 to Tier 5 cities.
- Power brand showed double-digit momentum and is positioned well in the athleisure space with new product launches.
- Significant investments in technology and store renovations have led to the best inventory levels and capacity utilization in six quarters.
- Premium products, especially in the comfort and Hush Puppies lines, continue to perform well, with sneaker studios expanding to 740 stores.
- Overall sales were down by 1.4%, reflecting a tough quarter with negative momentum in the latter part.
- Same-store sales growth was negative, particularly in the lower single digits, impacting overall revenue.
- Employee costs increased by 15%, and other expenses rose by 18% year-over-year, partly due to one-time tech-related investments.
- The mass price points in the distribution business continue to face stress, affecting overall performance.
- The dress category, both for men and women, showed disproportionate stress, likely due to external factors like elections and wedding season.
Ladies and gentlemen, good day, and welcome to the Bata India Limited Q1 FY25 earnings conference call hosted by [ES] Securities. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Udit Kachiwala from ES Securities. Thank you, and over to you sir.
Thank you, Steve. Good afternoon, everyone. On behalf of ES Securities, we welcome you all to Bata India's Q1 FY25 earnings conference call. From the management team, we have Mr. Gunjan Shah, MD and CEO; Mr. Anil Somani, Director of Finance and CFO; Mr. Nitin Bagaria, AVP, Company Secretary. I now hand over the call to Mr. Nitin. Thank you, and over to you, sir.
Thank you. A warm welcome to all of you. We have Gunjan Shah, MD and CEO. We also have Anil Somani, Director Finance and CFO. We have shared the presentation with the stock exchanges earlier today. We'll be taking
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