'For
the quarter ending Sept 2023, consolidated Net sales (including other operating income) of Bata India has declined 1.28% to Rs 819.12 crore compared to quarter ended Sept 2022. Operating profit margin has jumped from 19.39% to 22.22%, leading to 13.09% rise in operating profit to Rs 181.98 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 7.98% to 6.37%. Purchase of finished goods cost fell from 43.26% to 39.28%. Employee cost increased from 11.44% to 12.11%. Other expenses rose from 20.12% to 21.42%. Other income up 93.85% to Rs 15.45 crore. PBIDT rose 16.91% to Rs 197.43 crore. Provision for interest up 4.49% to Rs 28.39 crore. Loan funds rose to Rs 1,260.60 crore as of 30 September 2023 from Rs 1,218.82 crore as of 30 September 2022. Inventories declined from Rs 1,004.37 crore as of 30 September 2022 to Rs 921.7...
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