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Q1FY21: Covid-19 cuts the ground beneath Bata India’s feet

India virus covid-19 pandemic
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₹100 crore during Q1FY21 from ₹100 crore profit for the same period last year.Note that Q1FY21 losses were contained due to the ₹50 crore rent concessions (including ₹16 crore unconditional rent concessions pertaining to subsequent quarters).

Bata has accounted ₹20 crore under rent expenses and ₹30 crore in other income.The problem started with revenue growth itself as many of the company’s stores were shut during the quarter due to the covid-19-induced lockdown.

Revenues fell by a whopping 85% to ₹135 crore, coming in below analysts’ estimates. “Higher than estimated drop can possibly be because more stores than our expectations would have remained shut during the quarter," wrote Akhil Parekh of Elara Securities (India) Pvt.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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