Bata Shoe profit jumps 100%, revenue grows 28% in Jan-Mar

Highlights

• Profit jumps 100% to Tk36.83cr
• Revenue grows 28% to Tk358.18cr
• EPS Tk26.92
• Share closes at Tk739.60

Bata Shoe Company (Bangladesh) Ltd reported a 100% year-on-year increase in profit and a 28% rise in revenue for the January-March quarter of 2025, compared to the same period in 2024.

According to the company's unaudited financials published on its website, Bata posted a profit of Tk36.83 crore for the quarter, with earnings per share (EPS) of Tk26.92. Revenue during the period rose to Tk358.18 crore.

The multinational shoemaker attributed the growth to improved consumer sentiment and festive season demand. In line with the revenue increase, the cost of sales rose by 26% and operating expenses by 12%, which the company said contributed to the robust profit growth.

On Wednesday (14 May), Bata shares closed 0.31% higher at Tk739.60 on the Dhaka Stock Exchange.

Earlier on 22 April, the company announced a 105% final cash dividend for 2024, bringing the total payout to 445% for the year, including a 340% interim dividend already disbursed.

Bata's annual general meeting (AGM) is scheduled for 26 June, with 26 May set as the record date for shareholder entitlement.

Despite the strong first-quarter performance in 2025, the company's full-year profit in 2024 fell 26% year-on-year to Tk29.58 crore, down from Tk40 crore the previous year, according to a price-sensitive statement.

Bata began its operations in Bangladesh in 1962 and currently runs two manufacturing plants in Tongi and Dhamrai with a combined daily production capacity of 1.6 lakh pairs of shoes. Its annual sales stand at around three crore pairs.

Bata Bangladesh is a subsidiary of Bafin (Nederland) BV, Netherlands, which owns 70% of the company's shares and is part of the global Bata Shoe Organisation.