Bata India (BOM:500043) Gross Margin % : 56.06% (As of Dec. 2023)

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What is Bata India Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Bata India's Gross Profit for the three months ended in Dec. 2023 was ₹5,065 Mil. Bata India's Revenue for the three months ended in Dec. 2023 was ₹9,035 Mil. Therefore, Bata India's Gross Margin % for the quarter that ended in Dec. 2023 was 56.06%.

The historical rank and industry rank for Bata India's Gross Margin % or its related term are showing as below:

BOM:500043' s Gross Margin % Range Over the Past 10 Years
Min: 48.9 Med: 52.77 Max: 55.74
Current: 54.4

During the past 13 years, the highest Gross Margin % of Bata India was 55.74%. The lowest was 48.90%. And the median was 52.77%.

BOM:500043's Gross Margin % is ranked better than
84.98% of 1032 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 25.33 vs BOM:500043: 54.40

Bata India had a gross margin of 56.06% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Bata India was -0.40% per year.

Bata India Gross Margin % Historical Data

The historical data trend for Bata India's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Bata India Gross Margin % Chart

Bata India Annual Data

Trend

Dec13

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Gross Margin %

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54.49

55.74

48.90

52.48

53.84

Bata India Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															54.77	48.20	54.75	58.05	56.06

Competitive Comparison of Bata India's Gross Margin %

For the Footwear & Accessories subindustry, Bata India's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Bata India's Gross Margin % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Bata India's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Bata India's Gross Margin % falls into.

Bata India Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Bata India's Gross Margin for the fiscal year that ended in Mar. 2023 is calculated as

Gross Margin % (A: Mar. 2023 )	=	Gross Profit (A: Mar. 2023 )	/	Revenue (A: Mar. 2023 )
	=	18579.4	/	34505.59
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(34505.59 - 15926.19)	/	34505.59
	=	53.84 %

Bata India's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	5065	/	9034.72
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(9034.72 - 3969.699)	/	9034.72
	=	56.06 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Bata India (BOM:500043) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Bata India had a gross margin of 56.06% for the quarter that ended in Dec. 2023 => Durable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Bata India Gross Margin % Related Terms

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Bata India (BOM:500043) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Bata India Ltd (BOM:500043) » Definitions » Gross Margin %

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BATAINDIA:India

Address

418/02, M.G. Road, Sector - 17, Bata House, Opposite MDI, Gurgaon, HR, IND, 122001

Website

https://www.bata.in

Bata India Ltd is a manufacturer and retailer of footwear and accessories, such as bags, belts, wallets, and shoe care products. It has only one reportable Segment for the Company which is Footwear and Accessories. The company sells footwear under brand names including Bata, Bubblegummers, Hush Puppies, Power, Weinbrenner, and Naturalizer. Bata manufactures shoes in multiple manufacturing plants across India, and it sells its products through its thousands of Bata, Hush Puppies, and Footin retail stores and through its e-commerce channel. Bata generates nearly all its sales in India, mostly from footwear.

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