• Q3 net profit up 17.3% to INR375.9m (US$6.1m)
  • Revenues rise 14.3% to INR4.841bn
  • Plans to open 100 new stores this year

Footwear retailer and manufacturer Bata India is planning to expand its retail presence further after recording double-digit rises in sales and profit in the third quarter.

The company said it was now planning to open about 100 new stores this year, which it said would be in line with new formats, described as “easier to navigate” and “more inviting for customers”.

Bata’s new autumn-winter collection includes products in the current seasonal trend of monochrome, including men’s classic boot styles, colourful loafers and youthful sports shoes. The collection also covers accessories, including belts, bags and scarves.

“This quarter, we opened our largest store in India at Viviana Mall, Thane,” said Bata India group managing director Rajeev Gopalakrishnan. “The store is spread across 20,000 sq ft and offers an extensive range of footwear and accessories.”