Hotline: 1800 102 2007
Hotline: 1800 102 2007
Feb, 20 2019

Bata India looks to open 70-80 new stores in FY20

The brand is eyeing at opening almost 20 new stores in the current quarter.

Bata India looks to open 70-80 new stores in FY20

Bata India, a leading manufacturer of footwear in India, is planning to add 70-80 new stores in FY20. The brand is eyeing opening almost 20 new stores in the current quarter.

RK Gupta, CFO of Bata India, said, "Margins are sustainable at 20 percent plus and also expect double-digit growth going forward. In retail, we grew by 18 percent and we are putting our best efforts. We expect that it will continue. We are taking a lot of new initiatives in wholesale business and from the coming quarter business will stabilize."

"In first 9 months, we have opened almost 62 new stores. In the current quarter, we are planning to add almost 20 new stores and in FY20, we have a plan to add 70-80 new stores, subject to availability of right space in the right town," he added.

The company was incorporated as Bata Shoe Company Private Limited in 1931. In 2017-18, the footwear major added more than 100 new retail stores, 31 franchise stores and renovated over 90 stores across the country.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Quick Service Restaurants
    About Us: Momoman is momo business idea that intends to revolutionise..
    Locations looking for expansion Ahmedabad
    Establishment year 2011
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Ahmedabad
  • Mens Wear
    About Us: Launched and Lofted in 2016, 7 spades strive to deliver..
    Locations looking for expansion New Delhi
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi New Delhi
  • Superstores
    About Us: It  started in 2015 itself with a good prospect..
    Locations looking for expansion Delhi
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Theme Restaurants
    About Us: The Chinese Club, located in the New York City,..
    Locations looking for expansion Delhi
    Establishment year 2018
    Franchising Launch Date 2019
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities