Bata’s profit doubles in Q1

Bata Shoe Company (Bangladesh) Ltd's profit doubled in the first quarter of 2025, driven by higher sales and revenue growth.

The shoemaker's profit rose by 100 percent year-on-year to Tk 36.83 crore in the January–March quarter, according to the company's unaudited financial statements.

The company had earlier made a profit of Tk 18.41 crore in Q1 of 2024.

Its earnings per share stood at Tk 26.92 for the first quarter, up from Tk 13.42 in the same quarter of 2024.

Its revenue rose by 28 percent year-on-year to Tk 358.18 crore during the January–March quarter, driven by improved economic conditions and Eid season sales, the footwear maker said in the financial statements.

"Aligned with revenue, the cost of sales increased by 26 percent and operating expenses rose by 12 percent compared to last year," said the leading shoemaker.

Its net finance costs surged by 58 percent year-on-year to Tk 5.28 crore, which the company attributed to lower interest earnings on short-term deposits and foreign exchange losses during the period.

Bata's net operating cash flow per share jumped to Tk 48.06 from Tk 19.95 in the same quarter a year ago.

As of April 30, 2025, sponsors and directors held 70 percent of Bata's shares, institutional investors 19.37 percent, foreign investors 1.30 percent, and the general public 9.33 percent, according to Dhaka Stock Exchange data.