Duyuru • May 12
Bata India Limited to Report Q4, 2026 Results on May 27, 2026 Bata India Limited announced that they will report Q4, 2026 results on May 27, 2026 Price Target Changed • Feb 16
Price target decreased by 11% to ₹918 Down from ₹1,028, the current price target is an average from 17 analysts. New target price is 11% above last closing price of ₹829. Stock is down 36% over the past year. The company is forecast to post earnings per share of ₹14.68 for next year compared to ₹25.73 last year. New Risk • Feb 11
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 53% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (53% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (5.1% net profit margin). Reported Earnings • Feb 10
Third quarter 2026 earnings released: EPS: ₹5.14 (vs ₹4.57 in 3Q 2025) Third quarter 2026 results: EPS: ₹5.14 (up from ₹4.57 in 3Q 2025). Revenue: ₹9.66b (up 5.1% from 3Q 2025). Net income: ₹661.0m (up 13% from 3Q 2025). Profit margin: 6.8% (up from 6.4% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 16% per year. Duyuru • Jan 29
Bata India Limited to Report Q3, 2026 Results on Feb 09, 2026 Bata India Limited announced that they will report Q3, 2026 results on Feb 09, 2026 Reported Earnings • Oct 28
Second quarter 2026 earnings released: EPS: ₹1.08 (vs ₹4.04 in 2Q 2025) Second quarter 2026 results: EPS: ₹1.08 (down from ₹4.04 in 2Q 2025). Revenue: ₹8.23b (down 1.7% from 2Q 2025). Net income: ₹139.0m (down 73% from 2Q 2025). Profit margin: 1.7% (down from 6.2% in 2Q 2025). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Duyuru • Oct 01
Bata India Limited to Report Q2, 2026 Results on Oct 27, 2025 Bata India Limited announced that they will report Q2, 2026 results at 12:15 PM, Indian Standard Time on Oct 27, 2025 Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹1,246, the stock trades at a forward P/E ratio of 58x. Average forward P/E is 25x in the Luxury industry in India. Total loss to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹572 per share. Price Target Changed • Aug 18
Price target decreased by 9.7% to ₹1,118 Down from ₹1,238, the current price target is an average from 18 analysts. New target price is 6.5% above last closing price of ₹1,050. Stock is down 26% over the past year. The company is forecast to post earnings per share of ₹19.85 for next year compared to ₹25.73 last year. New Risk • Aug 12
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.0% Last year net profit margin: 9.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (6.0% net profit margin). Upcoming Dividend • Jul 25
Upcoming dividend of ₹9.00 per share Eligible shareholders must have bought the stock before 01 August 2025. Payment date: 11 September 2025. Payout ratio is a comfortable 74% and this is well supported by cash flows. Trailing yield: 1.5%. Within top quartile of Indian dividend payers (1.2%). Higher than average of industry peers (0.6%). Reported Earnings • Jul 24
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: ₹25.73 (up from ₹20.42 in FY 2024). Revenue: ₹34.9b (flat on FY 2024). Net income: ₹3.31b (up 26% from FY 2024). Profit margin: 9.5% (up from 7.5% in FY 2024). Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 26%. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Duyuru • Jul 21
Bata India Limited to Report Q1, 2026 Results on Aug 11, 2025 Bata India Limited announced that they will report Q1, 2026 results on Aug 11, 2025 Reported Earnings • May 31
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: ₹25.73 (up from ₹20.42 in FY 2024). Revenue: ₹34.9b (flat on FY 2024). Net income: ₹3.31b (up 26% from FY 2024). Profit margin: 9.5% (up from 7.5% in FY 2024). Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 26%. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Duyuru • May 29
Bata India Limited, Annual General Meeting, Aug 12, 2025 Bata India Limited, Annual General Meeting, Aug 12, 2025. Duyuru • May 28
Bata India Limited Recommends Final Dividend for the Financial Year Ended March 31, 2025, Payable from August 25, 2025 Bata India Limited at its board meeting held on May 28, 2025, recommended a Final Dividend of INR 9/- (180%) per equity share of INR 5/- each, fully paid-up of the Company, for the financial year ended March 31, 2025, for approval of the Members at the AGM. The payment of dividend, is subject To Approve the shareholders, at the AGM. The aforesaid final dividend is in addition to the interim dividend of INR 10/- (200%) per equity share of INR 5/- each, for financial year ended March 31, 2025, which was declared by the Board at its meeting held on August 6, 2024 and paid in September 2024. Final Dividend on Equity Shares, if declared, at the AGM will be paid from August 25, 2025 onwards to those Members who are entitled thereto. Duyuru • Apr 28
Bata India Limited to Report Q4, 2025 Results on May 28, 2025 Bata India Limited announced that they will report Q4, 2025 results on May 28, 2025 New Risk • Feb 12
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 66% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (66% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Feb 11
Third quarter 2025 earnings released: EPS: ₹4.57 (vs ₹4.51 in 3Q 2024) Third quarter 2025 results: EPS: ₹4.57 (up from ₹4.51 in 3Q 2024). Revenue: ₹9.29b (up 2.8% from 3Q 2024). Net income: ₹587.0m (up 1.2% from 3Q 2024). Profit margin: 6.3% (down from 6.4% in 3Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Duyuru • Jan 10
Bata India Limited to Report Q3, 2025 Results on Feb 10, 2025 Bata India Limited announced that they will report Q3, 2025 results on Feb 10, 2025 Duyuru • Dec 26
Bata India Limited Announces Cessation of Durgesh Singh as CFO The Board of Directors of Bata India Limited at its meeting held on December 23, 2024 based on the recommendations /approvals of the Nomination and Remuneration Committee and the Audit Committee approved the cessation of Mr. Durgesh Singh, who was appointed as CFO (KMP), with effect from December 1, 2024, to facilitate smooth transition upon induction of Director Finance and CFO in due course. Cessation With effect from December 23, 2024. Reported Earnings • Nov 08
Second quarter 2025 earnings released: EPS: ₹4.04 (vs ₹2.64 in 2Q 2024) Second quarter 2025 results: EPS: ₹4.04 (up from ₹2.64 in 2Q 2024). Revenue: ₹8.37b (up 2.2% from 2Q 2024). Net income: ₹519.8m (up 53% from 2Q 2024). Profit margin: 6.2% (up from 4.1% in 2Q 2024). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Duyuru • Oct 21
Bata India Limited to Report Q2, 2025 Results on Nov 04, 2024 Bata India Limited announced that they will report Q2, 2025 results on Nov 04, 2024 Declared Dividend • Aug 08
Dividend of ₹10.00 announced Shareholders will receive a dividend of ₹10.00. Ex-date: 16th August 2024 Payment date: 5th September 2024 Dividend yield will be 1.5%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is covered by both earnings (59% earnings payout ratio) and cash flows (73% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 50% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Aug 07
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 62% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (62% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Duyuru • Aug 06
Bata India Limited Declares Interim Dividend for the Current Financial Year Ending March 31, 2024, Payable from September 2, 2024 Bata India Limited declared an interim Dividend of INR 10/- (200%) per equity share of INR 5/- each, fully paid-up of the Company, for the current financial year ending March 31, 2024. Dividend on Equity Shares, shall be paid from, September 2, 2024 onwards to those Members who are entitled thereto. Record date shall be, August 16, 2024 for the purpose of Interim Dividend. Duyuru • Aug 03
Bata India Limited Announces Akshaykumar Narendrasinhji Chudasama Completes Second Term of 5 Consecutive Years as an Independent Director Bata India Limited announced that Mr. Akshaykumar Narendrasinhji Chudasama (DIN: 00010630), has completed his second term of 5 (five) consecutive years as an Independent Director of the Company on August 3, 2024. Upcoming Dividend • Jul 24
Upcoming dividend of ₹12.00 per share Eligible shareholders must have bought the stock before 31 July 2024. Payment date: 06 September 2024. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Indian dividend payers (1.1%). Higher than average of industry peers (0.5%). Duyuru • Jul 22
Bata India Limited to Report Q1, 2025 Results on Aug 06, 2024 Bata India Limited announced that they will report Q1, 2025 results on Aug 06, 2024 Reported Earnings • Jul 17
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: ₹20.42 (down from ₹25.13 in FY 2023). Revenue: ₹34.8b (flat on FY 2023). Net income: ₹2.63b (down 19% from FY 2023). Profit margin: 7.5% (down from 9.4% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Declared Dividend • May 31
Dividend reduced to ₹12.00 Dividend of ₹12.00 is 11% lower than last year. Ex-date: 31st July 2024 Payment date: 6th September 2024 Dividend yield will be 0.9%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 94% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • May 30
Bata India Appoints Deepika Deepti as Head of Marketing Bata India appointed Deepika Deepti as Head of Marketing. Prior to joining Bata India, Deepika Deepti held the position of Senior VP of Marketing at Metro Brands. Bata India has appointed Deepika Deepti as the Head of Marketing. With over 2 decades of experience in Marketing and Business roles at leading brands and an in-depth knowledge of Indian and International retail industry, Deepika is set to steer Bata India's marketing mandate. Prior to joining Bata India, Deepika held the position of Senior VP of Marketing at Metro Brands. Reported Earnings • May 30
Full year 2024 earnings released: EPS: ₹20.42 (vs ₹25.13 in FY 2023) Full year 2024 results: EPS: ₹20.42 (down from ₹25.13 in FY 2023). Revenue: ₹35.4b (up 2.6% from FY 2023). Net income: ₹2.63b (down 19% from FY 2023). Profit margin: 7.4% (down from 9.4% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Duyuru • May 19
Bata India Limited to Report Q4, 2024 Results on May 29, 2024 Bata India Limited announced that they will report Q4, 2024 results on May 29, 2024 Duyuru • Apr 20
Bata India Limited Appoints Ashish Bansal as Head-Internal Audit, Effective from April 22, 2024 Bata India Limited announced the appointment of Mr. Ashish Bansal as Head-Internal Audit. Date of appointment: April 22, 2024. Mr. Ashish Bansal is a Chartered Accountant with over 2 decades of diversified experience in Audit across industries. He possesses strong knowledge of auditing standards and procedures, laws, rules and regulations and is familiar with the footwear industry. Duyuru • Apr 04
Bata India Limited Appoints Satyam Sharma as Head - Merchandising Bata India Limited announced the appointment of Mr. Satyam Sharma as Head - Merchandising of the company. Date of appointment is on April 4, 2024. Brief profile: Mr. Satyam Sharma is an experienced professional with over 18 years in the industry. His expertise spans across product management, global sourcing, category management and he excels in managing the product merchandising intricacies. He holds a Post Graduate Degree in Fashion Merchandising & Marketing (2004) from National Institute of Fashion Technology, Hyderabad. Price Target Changed • Feb 14
Price target decreased by 7.3% to ₹1,536 Down from ₹1,657, the current price target is an average from 17 analysts. New target price is 8.9% above last closing price of ₹1,411. Stock is down 4.4% over the past year. The company is forecast to post earnings per share of ₹23.18 for next year compared to ₹25.13 last year. Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: ₹4.51 (vs ₹5.47 in 3Q 2023) Third quarter 2024 results: EPS: ₹4.51 (down from ₹5.47 in 3Q 2023). Revenue: ₹9.15b (up 1.6% from 3Q 2023). Net income: ₹579.8m (down 30% from 3Q 2023). Profit margin: 6.3% (down from 9.2% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Duyuru • Jan 16
Bata India Limited to Report Q3, 2024 Results on Feb 01, 2024 Bata India Limited announced that they will report Q3, 2024 results on Feb 01, 2024 Reported Earnings • Nov 09
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: ₹2.64 (down from ₹4.27 in 2Q 2023). Revenue: ₹8.35b (flat on 2Q 2023). Net income: ₹339.9m (down 38% from 2Q 2023). Profit margin: 4.1% (down from 6.6% in 2Q 2023). Revenue missed analyst estimates by 8.7%. Earnings per share (EPS) also missed analyst estimates by 59%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Duyuru • Oct 28
Bata India Limited to Report Q2, 2024 Results on Nov 08, 2023 Bata India Limited announced that they will report Q2, 2024 results on Nov 08, 2023 Duyuru • Sep 21
Bata India Limited Announces Resignation of Tushar Kant Gupta as Head-Merchandising Bata India Limited announced resignation of Mr. Tushar Kant Gupta as Head-Merchandising. Reason for change: Resignation in order to pursue career outside Bata. Date of cessation: Effective September 19, 2023. Duyuru • Aug 11
Bata India Limited Approves Dividend for the Financial Year Ended March 31, 2023 Bata India Limited approved Dividend of INR 13.50 per Equity Share of INR 5/- each, fully paid-up, for the financial year ended March 31, 2023, as recommended by the Board at its AGM held on August 10, 2023. New Risk • Aug 11
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 50% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (50% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Duyuru • Jul 29
Bata India Limited to Report Q1, 2024 Results on Aug 09, 2023 Bata India Limited announced that they will report Q1, 2024 results on Aug 09, 2023 Upcoming Dividend • Jul 27
Upcoming dividend of ₹13.50 per share at 0.8% yield Eligible shareholders must have bought the stock before 03 August 2023. Payment date: 09 September 2023. Payout ratio is a comfortable 54% but the company is paying out more than the cash it is generating. Trailing yield: 0.8%. Lower than top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.5%). Reported Earnings • Jul 21
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: ₹25.13 (up from ₹8.01 in FY 2022). Revenue: ₹34.5b (up 45% from FY 2022). Net income: ₹3.23b (up 214% from FY 2022). Profit margin: 9.4% (up from 4.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) also missed analyst estimates by 4.4%. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Duyuru • May 20
Bata India Limited Recommends Dividend for the Financial Year Ended March 31, 2023 Bata India Limited at its 90th Annual General Meeting will be held on August 10, 2023, recommended a Dividend of INR 13.50 (270%) per equity share of INR 5 each, fully paid-up of the Company, for the financial year ended March 31, 2023, for approval of the Members at the AGM. The payment of dividend, is subject To Approve the shareholders, at the AGM. Dividend on Equity Shares, if declared, at the 90 AGM will be paid from August 24, 2023 onwards to those Members who are entitled thereto. Board Change • May 03
High number of new directors There are 5 new directors who have joined the board in the last 3 years. CFO, Director of Finance & Whole-Time Director Anil Somani was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Feb 16
Price target decreased by 7.2% to ₹1,852 Down from ₹1,997, the current price target is an average from 15 analysts. New target price is 28% above last closing price of ₹1,450. Stock is down 24% over the past year. The company is forecast to post earnings per share of ₹26.30 for next year compared to ₹8.01 last year. Reported Earnings • Feb 15
Third quarter 2023 earnings released: EPS: ₹5.47 (vs ₹5.63 in 3Q 2022) Third quarter 2023 results: EPS: ₹5.47. Revenue: ₹9.08b (up 7.9% from 3Q 2022). Net income: ₹831.9m (up 15% from 3Q 2022). Profit margin: 9.2% (up from 8.6% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in India. Duyuru • Feb 01
Bata India Limited to Report Q3, 2023 Results on Feb 14, 2023 Bata India Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Duyuru • Jan 20
Bata India Limited Appoints Anil Somani as the Chief Financial Officer The Board of Directors of Bata India Limited appointed Mr. Anil Somani as the Chief Financial Officer (KMP) of the Company. The date of joining would be informed in due course. Mr. Anil Somani is a qualified Chartered Accountant. He would be joining the company from Reliance Retail, where he is serving as Executive Vice President & CFO for Digital Business. He has over 25 years of experience in Finance, Strategy, compliance, information management and business development functions. He has worked with reputed organizations like Croma, Walmart, Metro Cash & Carry, etc. at various positions including CFO, Head of Finance, etc. He brings in extensive experience in retail across large Indian and Multinational Organizations. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: ₹4.27 (vs ₹2.89 in 2Q 2022) Second quarter 2023 results: EPS: ₹4.27 (up from ₹2.89 in 2Q 2022). Revenue: ₹8.30b (up 35% from 2Q 2022). Net income: ₹548.2m (up 47% from 2Q 2022). Profit margin: 6.6% (up from 6.1% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Board Change • Nov 16
High number of new directors Non-Executive Director Kanchan Chehal was the last director to join the board, commencing their role in 2021. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: ₹4.27 (vs ₹2.89 in 2Q 2022) Second quarter 2023 results: EPS: ₹4.27 (up from ₹2.89 in 2Q 2022). Revenue: ₹8.42b (up 37% from 2Q 2022). Net income: ₹548.2m (up 47% from 2Q 2022). Profit margin: 6.5% (up from 6.1% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Upcoming Dividend • Jul 28
Upcoming dividend of ₹54.50 per share Eligible shareholders must have bought the stock before 04 August 2022. Payment date: 11 September 2022. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.8%). Lower than average of industry peers (0.6%). Reported Earnings • Jul 21
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: ₹8.01 (up from ₹6.95 loss in FY 2021). Revenue: ₹23.9b (up 40% from FY 2021). Net income: ₹1.03b (up ₹1.92b from FY 2021). Profit margin: 4.3% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 34%, compared to a 23% growth forecast for the industry in India. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Reported Earnings • May 27
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: ₹8.01 (up from ₹6.95 loss in FY 2021). Revenue: ₹24.4b (up 43% from FY 2021). Net income: ₹1.03b (up ₹1.92b from FY 2021). Profit margin: 4.2% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 6.6%. Earnings per share (EPS) exceeded analyst estimates. Over the next year, revenue is forecast to grow 42%, compared to a 23% growth forecast for the industry in India. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Director of HR, Chief Human Resource Officer & Director Kanchan Chehal was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 09
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: EPS: ₹5.63 (up from ₹2.06 in 3Q 2021). Revenue: ₹8.55b (up 39% from 3Q 2021). Net income: ₹723.2m (up 174% from 3Q 2021). Profit margin: 8.5% (up from 4.3% in 3Q 2021). Revenue missed analyst estimates by 6.6%. Earnings per share (EPS) exceeded analyst estimates. Over the next year, revenue is forecast to grow 49%, compared to a 21% growth forecast for the industry in India. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 108 percentage points per year, which is a significant difference in performance. Price Target Changed • Nov 10
Price target increased to ₹2,015 Up from ₹1,771, the current price target is provided by 1 analyst. New target price is 7.7% below last closing price of ₹2,184. Stock is up 65% over the past year. The company is forecast to post earnings per share of ₹12.60 next year compared to a net loss per share of ₹6.95 last year. Reported Earnings • Nov 06
Second quarter 2022 earnings released: EPS ₹2.89 (vs ₹3.45 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹6.26b (up 70% from 2Q 2021). Net income: ₹371.9m (up ₹815.0m from 2Q 2021). Profit margin: 5.9% (up from net loss in 2Q 2021).