Bata Shoe shares jump Tk150 each in four days
Following the robust profit growth in the first quarter of this year, Bata Shoe Company (Bangladesh) share price jumped by around Tk150, or 20%, over just four consecutive trading days on the Dhaka Stock Exchange (DSE).
On Sunday, Bata Shoe shares jumped by 7.50% to Tk887.30 each, extending their rally to a fourth day — the highest level since 27 January this year.
On 14 May, Bata Shoe 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.
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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 its 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%. These factors supported its solid profit growth, according to the company.
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.
