Bata IndiaBOM:500043 -0.36%78 Gross Margin % is 56.43% as of Mar. 2026, which is 4% above its 10-year median of 54.17. GuruFocus rates BOM:500043 with a GF Score™ of 78/100 and a GF Value™ of ₹1,396.10 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,021 Manufacturing - Apparel & Accessories companies, Bata India ranks better than 82.96% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Bata India's Gross Profit for the
three
months ended in Mar. 2026 was ₹4,670 Mil. Bata India's Revenue for the
three
months ended in Mar. 2026 was ₹8,276 Mil. Therefore, Bata India's Gross Margin % for the quarter that ended in Mar. 2026 was 56.43%.
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: 54.17 Max: 56.84
Current: 55.29
During the past 13 years, the highestGross Margin % of Bata India was 56.84%. The lowest was 48.90%. And the median was 54.17%.
BOM:500043's Gross Margin % is ranked better than 82.96% of 1021
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 28.53
vs BOM:500043: 55.29
Bata India had a gross margin of 56.43% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Bata India was 2.50% per year.
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 56.43% for the quarter that ended in Mar. 2026 => 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
Bata India Gross Margin % Historical Data
* Premium members only.
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.
BOM:500043 vs NKE, DECK, ONON: Gross Margin % Comparison
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 Gross Margin % vs 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.
* 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.
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) has a Gross Margin % of 56.43% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Bata India and its competitors. This is near median its historical median of 54.17. Over the past decade, Bata India's Gross Margin % has ranged from 48.90 to 56.84. According to the industry distribution chart, Bata India ranks #174 out of 1021 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 17%.
Is Bata India's Gross Margin % too high?
Bata India's current Gross Margin % of 56.43% is near median its 10-year median of 54.17. Over the past 10 years, this metric has ranged from a low of 48.90 to a high of 56.84. The Manufacturing - Apparel & Accessories industry median Gross Margin % is 28.53. Bata India's value of 56.43% is 97.8% above this industry median. Based on the distribution chart, Bata India ranks #174 out of 1021 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Bata India has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bata India's Gross Margin % compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Bata India ranks #174 out of 1021 companies for Gross Margin %. This places Bata India in the top 17% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 28.53. Bata India's value of 56.43% is 97.8% above this benchmark. Historically, Bata India's own Gross Margin % has ranged from 48.90 to 56.84 over the past decade. While the company's 10-year median is 54.17 vs. the industry median of 28.53, Bata India has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Manufacturing - Apparel & Accessories company?
The median Gross Margin % among Manufacturing - Apparel & Accessories companies is 28.53, based on 1,021 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bata India's current Gross Margin % of 56.43% is 97.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Bata India and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Gross Margin % is 28.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bata India's current Gross Margin % is 56.43%, which is near median its own 10-year median of 54.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bata India stock overvalued right now?
Based on GuruFocus' analysis, Bata India (BOM:500043) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹1,396.10, compared to a current price of ₹696.80 — trading 50.1% below its estimated fair value. The current Gross Margin % is 56.43%, which is near median its 10-year median of 54.17 and 97.8% above the Manufacturing - Apparel & Accessories industry median of 28.53. Bata India's overall GF Score™ is 78/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Bata India (BOM:500043), the current Gross Margin % is 56.43% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Bata India (BOM:500043) Overvalued in 2026?
Based on GuruFocus' analysis, Bata India stock appears to be undervalued.
The current stock price of ₹696.80 is trading 50.1% below its estimated GF Value™ of ₹1,396.10.
GuruFocus considers Bata India to be Significantly Undervalued.
Key valuation signals for BOM:500043:
Gross Margin %: 56.43% (near median its 10-year median of 54.17)
GF Value™: ₹1,396.10 vs. price of ₹696.80 (50.1% below fair value)
Industry Position: 97.8% above the Manufacturing - Apparel & Accessories median (#174 of 1021)
No single metric tells the full story. See the BOM:500043 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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 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 retail stores and e-commerce channels. Bata generates all its sales in India, mostly from footwear.
78GF Score
Get the complete analysis for BOM:500043
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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