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Bata India Q4 earnings today: Strong performance likely
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Bata India Q4 earnings today: Strong performance likely
May 23, 2019 11:31 PM

Bata India will report its quarterly earnings on Friday and analysts expect the shoemaker to report a strong set of results this time.

The street is expecting a topline growth of around 14 percent at Rs 720 crore. The EBITDA is likely to grow much higher than the revenue growth, seen up by 36 percent.

Margins are expected to be up 15.6 percent and profit after tax higher by 38.5 percent.

The important factor to watch out for would be the rent against the percentage of sales because the company has been selling more per square foot and have been rationalising the rent they have been paying for their stores.

The stock trades at 55 times its FY20 earnings.

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