• Net profit increased 29% to INR409.8m
  • Sales increased 18% to INR4.3bn 

Indian footwear retailer and manufacturer Bata has posted a jump in second quarter net profit after sales were boosted by new store openings.

Profit rose 29% to INR409.8m (US$7.4m) over the quarter ended 30 June as sales rose 18% to INR4.3bn.

During the period the company opened 35 large-format Bata stores, spread across metros, tier 1 and tier 2 cities. The company also opened 7 Hush Puppies stores and two concessions, as well as 4 Footin stores.

"Our focus to expand the retail outlets and our constant endeavour to improve the merchandise with newer and better designs will continue," said group managing director Rajeev Gopalakrishnan.