Footwear retailer Bata India has reported 30.99% rise in its net profit to Rs 45.05 crore for the fourth quarter ended December 31, 2011, over the same period previous year. The company had posted a net profit of Rs 34.39 crore in the same period previous year.
Net sales of the company rose to Rs 430.93 crore for the fourth quarter ended December 31, 2011, as compared to Rs 355.85 crore in the same period previous year, up by 21.10%.
For the year ended December 31, 2011, the company posted 136.84% jump in its net profit to Rs 225.83 crore, against Rs 95.35 crore in 2010.
The company’s board also recommended a final dividend of Rs 6 per share (60%) for the year ended December 31, 2011.
