{"id":26110,"date":"2020-05-27T05:46:26","date_gmt":"2020-05-27T00:16:26","guid":{"rendered":"https:\/\/kashmir.today\/bata-sees-demand-revival-by-sept\/"},"modified":"2020-05-27T05:46:26","modified_gmt":"2020-05-27T00:16:26","slug":"bata-sees-demand-revival-by-sept","status":"publish","type":"post","link":"https:\/\/kashmir.watch\/?p=26110","title":{"rendered":"Bata sees demand revival by Sept."},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong><em>\u2018Investment appetite remains; no price hike in short-term\u2019<\/em><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bata India on Tuesday said while it anticipated only need-based shopping in the short-term, revival in demand is expected around the festive season beginning September this year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The shoemaker posted a close to 57% drop in net profit for the January-March 2020 quarter. Amid COVID-19-related uncertainties, the company has put on hold plans to open any new stores in the next three-six months; however, it has curated a new product line up \u2018to stay relevant\u2019, including washable footwear and antiviral masks. \u201cI do expect us to go through a short phase where people will stick to essentials for example children outgrowing shoe size or replacement because of usage, sports shoes for training at home\u2026 the festivities as they come in September onwards, will be a big kick for us as a full industry,\u201d Sandeep Kataria, CEO, Bata India, said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Mr. Katari added that over the last three weeks, the company had seen an uptick in demand with tier 3, tier 4 and tier 5 towns and in residential areas recovering faster. Bata India is also focussing on e-commerce to reach out to customers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To a query on capex, he said, \u201cWe\u2019ve had a relook at that. We are not planning to open any new stores in the next three to six months\u2026 the capex and the investment appetite for India is very much still there. But we do need to fully understand how the demand unfolds before we go back and look at new stores.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Mr. Katari said that the company is not looking at offering discounts in order to avoid crowding at stores, nor will it hike prices in the \u201cshort-term\u201d to offset increase in costs due to new safety practices.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>With inputs from <\/em><em><a href=\"https:\/\/www.thehindu.com\/business\/bata-sees-demand-revival-by-sept\/article31681066.ece\">The Hindu<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u2018Investment appetite remains; no price hike in short-term\u2019 Bata India on Tuesday said while it anticipated only need-based shopping in the short-term, revival in demand is expected around the festive season beginning September this year. The shoemaker posted a close to 57% drop in net profit for the January-March 2020 quarter. Amid COVID-19-related uncertainties, the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":26109,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-26110","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/kashmir.watch\/index.php?rest_route=\/wp\/v2\/posts\/26110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kashmir.watch\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kashmir.watch\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kashmir.watch\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kashmir.watch\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26110"}],"version-history":[{"count":0,"href":"https:\/\/kashmir.watch\/index.php?rest_route=\/wp\/v2\/posts\/26110\/revisions"}],"wp:attachment":[{"href":"https:\/\/kashmir.watch\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kashmir.watch\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kashmir.watch\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}