Bata India today reported an 18.15% increase in net profit at Rs 47.40 crore for the year ended December 31, 2007 when compared with Rs 40.1 crore in the previous year. Total income increased to Rs 890.8 crore from Rs 797.3 crore in FY06.
Marcelo Villagran, managing director, Bata India, said that the improved financial performance was a result of sustained efforts. He added that the company was on an aggressive growth path, and had implemented forward-looking initiatives like investments in large format stores.
Bata is planning to open 70 stores every year for the next few years.
The board declared a dividend of 20% inclusive of 5% additional dividend for FY07.
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