Interim report
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BATA INDIA LIMITED CIN: L19201WB1931PLC007261 Registered Office: 27B, Camac Street, 1st Floor, Kolkata-700016, West Bengal II Tel.: (033) 22895796 E-mail: in-customer.service@bata.com II Website: www.bata.in November 3, 2026 The Manager, CRD BSE Limited P J Towers, Dalal Street, Fort, Mumbai - 400001 The Manager, Listing Department National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No. C-1, Block G, BKC, Bandra (E), Mumbai - 400051 The Secretary The Calcutta Stock Exchange Limited 7, Lyons Range, Kolkata - 700001 BSE Security Code: 500043 NSE Symbol: BATAINDIA CSE Scrip Code: 10000003 Dear Sir/Madam, Subject: Outcome of Board Meeting In compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the “SEBI Listing Regulations”), the Unaudited (Standalone and Consolidated) Financial Results of the Company for the quarter and half year ended September 30, 2026, were approved at the meeting of the Board of Directors held today, i.e., November 3, 2026, which commenced at 2:00 P.M. (IST) and concluded at 5:30 P.M. (IST) (the “Meeting”). In this regard, in compliance with Regulations 30 and 33 of the SEBI Listing Regulations, we enclose herewith the aforesaid Results in the prescribed format alongwith the Limited Review Reports issued by the Statutory Auditors of the Company. The above information is also being made available on Company’s website www.bata.in We request you to take the same on record. Thanking you, Yours faithfully, For BATA INDIA LIMITED NITIN BAGARIA AVP – Company Secretary & Compliance Officer Encl.: As Above
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Price Waterhouse Chartered Accountants LLP Review Report To The Board of Directors M/s. Bata India Limited 27B, Camac Street, 1st Floor, Kolkata, West Bengal - 700016 1. We have reviewed the standalone unaudited financial results of Bata India Limited (the "Company") for the quarter ended September 30, 2026 and the year to date results for the period April 1, 2026 to September 30, 2026, the Standalone Unaudited Balance Sheet as on that date and the Standalone Unaudited Statement of Cash Flows for the half year ended on that date which are included in the accompanying 'Statement of Standalone Unaudited Financial Results for the quarter and half year ended 30th September 2026, Standalone Unaudited Balance Sheet as at 30th September 2026 and Standalone Unaudited Statement of Cash Flows for the half year ended 30th September 2026' (the "Statement"). The Statement has been prepared by the Company pursuant to Regulation 33 of the SEEi (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations, 2015"), which has been initialled by us for identification purposes. 2. This Statement, which is the responsibility of the Company's Management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the Statement has not been prepared in all material respects in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India and has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement. ��e Waterhouse Chartered Accountants LLP . �:at�Nsoom6 Rajib Chatterjee Partner Membership Number: 057134 UDIN: 26057134YDUSRH8448 Place: Gurugram Date: November 3, 2026 Price Waterhouse Chartered Accountants LLP, Building No. 8, 8th Floor, Tower - B, DLF Cyber City, Gurugram - 122 002 T: +91 (124) 6169910 Registered office and Head office: 11-A, Vishnu Digamber Marg, Sucheta Bhawan, New Delhi - 110002 Price Waterhouse (a Partnership Firm) converted into Price Waterhouse Chartered Accountants LLP (a Limited Liability Partnership with LLP identity no: LLPIN AAC-5001) with effect from July 25, 2014. Post its conversion to Price Waterhouse Chartered Accountants LLP, its ICAI registration number is 012754N/N500016 (ICAI registration number before conversion was 012754N)
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BATA L'IDIA LI:VIITED RECD. OFFICE: 27B, CAYIAC STREET, 1st FLOOR. KOLKATA. WEST BE:'<GAL-700016 / Cl:'<: Ll9201WBl931PLC007261 Telephone: 033 22895796 E-mail: in-customcr.scrvicc@bata.com: Website: www.bata.in Statement of Standalone Unaudited Financial Results for the quarter and half year ended 30th September 2026 (In R.\·_ milliu11 e.,,:ct>pt pl:!.r shurt' data) s. i'\'o. a Revenue from operations b Other incmm: Particulars I Total income Expenses a Cost of raw materials and components consumed b Purchases of stock-in-trade c Changes in inventories of finished goods. stock-in-trade and work-in-progress d Employee benefits expense e Finance costs f Dcpn;ciation and amortisation expense g Other expenses (refer note 5) Total e.1:penses 3 Profit before uceptional items and tax (1-2) -I Exceptional items • Expense towards VRS (refer note 3) - lmnact oflabour c11des 5 Profit before tax (3-4) 6 Tax expense - Current tax • Deferred tax credit 7 Total tax exnense 8 Profit for the oeriod/ vear (5-7) 9 Other comprehensive income (i) Items that will not be reclassified to profit or loss (ii) Income lax relating to items !hat will not be reclassified to profit or loss Other comprehensive income for the neriod/vear. net of tax Total comorehensive income for the oeriod/ vear (8+9) Paid up equity share capital (Face value of Rs. 5/- each) Other equity Earnings per equity share of Rs. 5/- each Basic and Dilmed (not annualised except for yearly figures) (Rs.) Quarter ended 30th Sentember 2026 Unaudited 8.617 82 179.28 8.797.10 605.88 3.881.82 (650.32) 1.216.58 32-U4 1.047.82 2.125.91 8,551.93 245.17 2-15.17 78. l l (12.88) 65.23 179.94 (14.63) 3.68 (10.95) 168.99 6➔2.64 1.40 Quarter ended 30th June 2026 Unaudited 9,789.47 178.25 9,967.72 612.98 3.296.77 519.29 l.136.08 327.11 1.033.89 2.185.26 9,111.38 856.3-1 856.34 247.54 (29.13) 218.41 637.93 19.03 (4.79) 14.24 652.17 642.64 4.96 Quarter ended Half year ended 30th September 2025 30th Sentemher 2026 Unaudited 8.013.34 212.49 8,225.83 653.74 J.436.0 ! (515.30) l.l 13.68 338.28 1.049.73 1.875.97 7,952.11 273.72 82.69 191.03 76.00 (22.56) 53.-14 137.59 (14.76) 3.72 (11.0-1) 126.5S 642.64 1.07 Unauditc.:d 18.407.29 357.53 Hl,764.82 t.218.86 7.178.59 (!31.03) 2.352.66 651.35 2.08!.71 4,311.17 17.663.31 1,101.51 1.101.51 325.65 (42.01) 283.6-1 817.87 4.40 (I.I I) 3.29 821.16 642.64 6.36 Half year ended 30th Seotember 2025 Unaudited 17.431.77 381.!2 17,812.89 !.283.56 6.375.18 299.19 2.276.45 686.95 2,110.58 3.762.31 16. 794.22 1,018.67 L30.47 888.20 305.00 [71.39) 233.61 654.59 (7.22) 1.82 (SAO) 649.19 642.6➔ 5.09 Year ended 31st :\larch 2026 Audited 35.154.84 785.56 35.9-'0A0 2.332.94 12.385.95 1.001.77 4.522.22 1.346.09 4.200.50 7.848.88 33.638.35 2.302.05 423.66 66.66 1,811.73 646.53 (170.39) 476.14 1,335.59 28.16 (7 09) 21.07 1.356.66 642.64 15.215.86 !0.39
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Standalone Unaudited Balance Sheet as at 30th September 2026 Assets Non-current assets Property, plant and equipment Right-of-use assets Capital work-in-progress Intangible assets Financial assets (i) Investments (ii) Other financial assets Deferred tax assets (net) Current tax assets (net) Other non-current assets Total non-current assets Current assets Inventories Financial assets (i) Investments (ii) Trade receivables (iii) Cash and cash equivalents (iv) Bank balances other than (iii) above (v) Other financial assets Other current assets Total current assets Total assets Equity and liabilities Equity Equity share capital Other equity Total equity Liabilities Non-current liabilities Financial liabilities (i) Lease liabilities (ii) Other financial liabilities Provisions Total non-current liabilities Current liabilities Financial liabilities (i) Lease liabilities (ii) Trade payables (a) total outstanding dues of micro enterprises and small enterprises (b) total outstanding dues of creditors other than micro enterprises and small enterprises (iii) Other financial liabilities Provisions Other current liabilities Total current liabilities Total liabilities Total equity and liabilities As at 30th Sentember 2026 7>- Unaudited 2,973.88 11,323.69 14.31 1,763.40 53.51 1,055.82 1,634.28 326.3 7 216.88 19,362.14 7,248.68 171.05 2,292.27 37.86 2,210.10 632.22 1,743.35 14,335.53 33,697.67 642.64 11,667.08 12,309.72 10,349.93 1,492.30 117.42 11,959.65 3,503.26 1,233.04 2,384.16 1,333.61 284.05 690.18 9,428.30 21,387.95 33,697.67 (In Rs. million) As at 31st March 2026 Audited 3,058.14 11,328.43 43.71 2,107.98 53.51 2,487.24 1,592.27 393.93 228.62 21,293.83 7,076.20 345.88 1,840.96 89.82 4,762.77 829. 75 1,446.83 16,392.21 37,686.04 642.64 15,215.86 15,858.50 l0,325.04 1,809.89 94.19 12,229.12 3,540.66 921.20 2,384.07 1,647.65 317.73 787.11 9,598.42 21,827.54 37,686.04
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Standalone Unaudited Statement of Cash Flows for the half year ended 30th September 2026 (In Rs. million) Half year ended Half year ended Year ended 30th September 2026 30th September 2025 31st March 2026 Unaudited Unaudited Audited A Cash flows from operating actiYities: I Profit before tax 1,101.51 888.20 1,811.73 2 Adjustments for: Depreciation and amortisation expense 2.081.71 2.110.58 4.200.50 Loss on sale/ disposal of property, plant and equipment (net) 76.64 27.84 63.64 Allowance for doubtful debts and other financial assets 54.95 (I 1.04) (23.88) Finance costs 65U5 686.95 1,346.09 Gain on remeasurement of leases (50.91) (78.82) (158.87) Gain on termination of license agreement (2.93) Allowance for loan and other financial assets in subsidiary (net of reversals) 1.31 1.28 1.88 Net gain on sale of investments in mutual funds (1728) (3.79) (22. 78) Net exchange differences (unrealised) 50.66 (1.20) 230.67 Finance income (240.01) (284.91) (534.71) Liabilities no longer required written back (27.07) Expenses for litigation (net of reversals) (1.26) (3.58) 3 Operating cash flows before changes in operating assets and liabilities (1+2) 3,705.74 3,335.09 6,883.62 4 Change in operating assets and liabilities: Increase in trade receivables (469.79) (495.92) (691.65) (Increase)/Decrease in inventories (172.48) 337.49 1,074.37 Increase in other current assets (296.52) (122.19) (541.97) Decrease/(Increase) in other current financial assets 27.19 36.48 (72.15) Decrease/(Increase) in other non•current assets 43.63 (88.30) (89.80) Decrease/(lncrease) in other non•current financial assets 29.72 (80.68) (18.58) (Decrease)/lncrease in other current liabilities (96.93) (217.-!8) 102.03 Increase /(Decrease) in trade payables 315.16 316.17 (171.41) (Decrease)nncrease in current provisions (28.03) 45.93 53.99 (Decrease)/Increase in other financial liabilities (139.55) (49.87) 137.71 Increase in non•current provisions 23.23 18.57 94.19 Changes in operating assets and liabilities (764.37) (299.80) (123.27) 5 Cash generated from operations (3+4) 2,941.37 3,035.29 6,760.35 6 Less: Ta-..es paid [net of tax refund] (259.20) (377.28) (807.32) 7 r,-.· ct cash inflow from operating activities (5+6) 2,682.17 2,658.01 5,953.03 B Cash !lows from investing activities: Purchase of property, plant and equipment and intangible assets (400.76) (252.90) (659.08) Proceeds from sale of property, plant and equipment 6.65 6.72 10.59 Investments in bank deposits (having original maturity of more than three months) (2,331.48) (3,021.33) (7,014.93) Proceeds from redemption of bank deposits (having original maturity of more than three months) 6,298.89 2,024.94 5,084.71 Proceeds from sale of /(Payment) for purchase of investments in mutual funds (net) 192.11 (226.44) (323.10) Interest received 291.90 172.96 349.60 !\""ct cash inflow/(outflow) from investing activities 4,057.31 (1,296.05) (2,552.21) C Cash flows from financing actiYities: Dividends paid (including amount transferred to investor Education and Protection Fund) (4,359.07) (1,155.93) (1,157.08) Payment of lease liabilities • Principal elements of lease payments (1,327.76) (1,204.14) (2,467.90) - Interest paid on lease liabilities (576.19) (600.71) (1,174.27) Payment offee for termination of license agreement (50.62) Payment of liability towards license rights - Principal elements (399.10) (239.56) (333.58) • Interest paid (78.70) (85.07) (I 79.39) !\""ct cash outflow from financing acth1itics (6,791.44) (3,285.41) (5,312.22) D !\""ct decrease in cash and cash equh·alcnts (A+B+C) (51.96) (1,923.45) (1,911.40) El Cash and cash equivalents at the beginning of the period/year 89.82 2,001.22 2,001.22 E2 Cash and cash equivalents at the end of the period/year 37.86 77.77 89.82 Net change in cash and cash equivalents (E2-El) (51.96) (1,923.45) (1,911.40) Note: The above standalone statement of cash nows has been prepared under the "indirect method" as set out in Indian Accounting Standard· 7, "Statement of Cash Flows".
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(In Rs. million As at As at As at 30th Scptcm bcr 2026 30th September 2025 31st March 2026 For the purpose or above standalone unaudited statement of cash !lows. cash and cash equivalents comprise the following: Balances with banks - In current accounts 21.18 33.02 58.45 - Deposits with original maturity or less than 3 months Cash on hand 16.68 4-175 31.37 Total cash and cash equivalents 37.86 77.77 89.82 Half year ended Half year ended Year ended 30th September 2026 30th September 2025 31st March 2026 !\'on- cash investing activities: - Acquisiton of right-of-use assets 1,615.82 1,136.60 2.956.07 - Disposal ofright-ot:use assets 249.66 536.69 928.11 - Disposal of license rights 76.96 Sec accompanying notes to the standalone financial results J\'otcs: 1 The Statement of Standalone Unaudited Financial Results for the quarter and half year ended 30th September 2026. Standalone Unaudited Balance Sheet as at 30th September 2026 and Standalone Unaudited Statement of Cash Flows for the half year ended 30th September 2026 (collectively referred to as "standalone financial results") were reviewed by the Audit Committee and therealler approved by the Board of Directors at their respective meetings held on 3rd November 2026. These standalone financial results have been prepared in accordance with the recognition and measurement principles laid down in Ind AS 34 - Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and other accounting principles generally accepted in India and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended. 1 The Company operates in a single business segment, i.e., Footwear and Accessories. 3 Quarter ended 30th September 2025 included an amount of Rs. 82.69 million towards YRS expenditure. For the half year ended 30th September 2025, VRS expenditure was Rs. I 30.4 7 million. For the year ended 31st March 2026, VRS expenditure amounted to Rs. 423.66 million. Ail the above amounts are disclosed as an exceptional item. 4 During the quarter ended 30th September 2026, the Board of Directors of the Company in its meeting held on 11th August 2026, had declared an interim dividend of Rs. 25.00 per share (500% on an equity share of pa value of Rs. 5/- each). 5 Other expenses includes foreign exchange loss of Rs. 29.98 million incurred for the quarter ended 30th September 2026 arising from the translation of a liability related to license rights, in accordance with the requirements of Ind AS 21 - The Effects of Changes in Foreign Exchange Rates. This loss is primarily attributable to significant volatility in the exchange rates of USO to INR as an effect of the ongoing geopolitica developments. Similarly, half year ended 30th September 2026 and full year ended on 31st March 2026 stood at Rs. 57. 71 million and Rs. 223. 74 million respectively. 6 The report of statutory auditors is being filed with National Stock Exchange of India Limited, BSE Limited and The Calcutta Stock Exchange Limited. For more details on the financial results, please visit lnvesto Relations section of our website: www.bata.in and unaudited financial results at Corporate section ofwww.nseindia.com, www.bseindia.com and www.cse-india.com. ,�OIA(1. �Jl a �v- �Milestone�;\ -�� �� Place: Gurugram � Experion Centre, � �mit Aggan\lal Sanjay Sarvotham Rao Cl) 2nd Floor o J Date: 3rd J\'ovember 2026 I .L. .l�rg 1 � si. Director Finance & CFO Managing Director & CEO Q�ecior 1s: W/ .... 71( � l'l Haryana <;)I:) 9<1on-'\ ?.-i;--
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Price Waterhouse Chartered Accountants LLP Review Report To The Board of Directors M/s. Bata India Limited 27B, Camac Street, 1st Floor, Kolkata, West Bengal - 700016 1. We have reviewed the consolidated unaudited financial results of Bata India Limited (the "Holding Company") and its subsidiaries (the Holding Company and its subsidiaries hereinafter referred to as the "Group") (refer Note 1 on the Statement) for the quarter ended September 30, 2026 and the year to date results for the period April 1, 2026 to September 30, 2026, the Consolidated Unaudited Balance Sheet as on that date and the Consolidated Unaudited Statement of Cash Flows for the half year ended on that date which are included in the accompanying 'Statement of Consolidated Unaudited Financial Results for the quarter and half year ended 30th September 2026, Consolidated Unaudited Balance Sheet as at 30th September 2026 and Consolidated Unaudited Statement of Cash Flows for the half year ended 30th September 2026' (the "Statement"). The Statement is being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations, 2015"), which has been initialled by us for identification purposes. 2. This Statement, which is the responsibility of the Holding Company's Management and has been approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting", prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements ('SRE') 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the Listing Regulations, 2015, as amended, to the extent applicable. 4. The Statement includes the results of the following entities: • Bata India Limited - Holding Company • Bata Properties Limited - Subsidiary Company • Way Finders Brands Limited - Subsidiary Company 5. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement has not been prepared in all material respects in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India and has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement. Price Waterhouse Chartered Accountants LLP, Building No. 8, 8th Floor, Tower - B, DLF Cyber City, Gurugram - 122 002 T: +91 (124) 6169910 Registered office and Head office: 11-A, Vishnu Digamber Marg, Sucheta Bhawan, New Delhi - 110002 Price Waterhouse (a Partnership Firm) converted into Price Waterhouse Chartered Accountants LLP (a Limited Liability Partnership with LLP identity no: LLPIN MC-5001) with effect from July 25, 2014. Post its conversion to Price Waterhouse Chartered Accountants LLP, its ICAI registration number is 012754N/N500016 (ICAI registration number before conversion was 012754N)
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6. The consolidated unaudited financial results include the interim financial results of 2 subsidiaries which have not been reviewed by their auditors, whose interim financial results reflect total assets of Rs. 150.51 million and net assets of Rs. 96.83 million as at September 30, 2026 and total revenue of Rs. 0.34 million and Rs. o.68 million, total net profit after tax of Rs. 0.63 million and Rs. 1.85 million and total comprehensive income of Rs. 0.63 million and Rs. 1.85 million for the quarter ended September 30, 2026 and for the period from April 1, 2026 to September 30, 2026, respectively, and cash flows (net) of Rs. 1.90 million for the period from April 1, 2026 to September 30, 2026, as considered in the consolidated unaudited financial results. According to the information and explanations given to us by the Management, these interim financial results are not material to the Group. Our conclusion on the Statement is not modified in respect of the above matter. For Price Waterhouse Chartered Accountants LLP rz,:t,�N/:5000,6 Rajib Chatterjee Partner Membership Number: 057134 UDIN: 26057134SFWNAZ7541 Place: Gurugram Date: November 3, 2026
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. ..,. BATA INDIA LIMITED REGO. OFFICE: 278, CAMAC STREET, Isl FLOOR, KOLKATA, WEST BENGAL-7000161 CIN: Ll9201WBl931PLC007261 Telephone: 033 228957961 E-mail: in-customer.service@bata.com: Website: www.bata.in Statement of Consolidated Unaudited Financial Results for the quarter and half year ended 30th September 2026 (111 Rs. million except per share data) S. No. Particulars Quarter ended Quarter ended Quarter ended Half year ended Half year ended Year ended 30th Scotembcr 2026 30th June 2026 30th Scotcmbcr 2025 30th September 2026 30th September 2025 31st :\larch 2026 L'naudi1cd Unaudited Gnaudited Llnaudited L:naudited Audited a Revenue from operations 8.617.82 9.789.47 8.0 I 3.34 18.407 . .29 17.431.88 35,154.95 b Other income 180.55 180.33 214.26 360.88 384.11 792.07 I Total income 8.798.37 9.969.80 8.227.60 18. 768.17 17,815.99 35,947.02 Expenses a Cost of raw materials and components consumed 605.88 612.98 653.74 1.218.86 1.283.56 2.332.94 b Purchases of stock-in-trade 3.881.82 3.296.77 3.436.01 7 .178.59 6.375. IS 12.385.95 C Changes in inventories of finished goods. stock-in-trnde and work-in-progress (650.32) 519.29 (515.76) ( 131.03) 296.23 998.25 d Employee benefits expense 1.216.58 1.136.08 I.I 13.68 2.352.66 2.276.45 4.522.22 C Finance costs 324.24 327.11 338.28 651.35 686.95 1.346.09 f Depreciation and amortisation .:xpcnsc 1.047.86 1.033.94 1.049.77 2,08 I .SO 2.110.67 4.200.68 g Other expenses (refer note 6) 2.125.35 2.184.68 1.876.26 4.310.03 3. 762.86 7.850. I 8 2 Total cxoenses 8.551.41 9.J I0.85 7.951.98 17,662.26 16,791.90 33.636.31 3 Profit before exeeotional items and tax (1-2) 246.96 858.95 275.62 l.l05.91 1.024.09 2.3I0.71 , Exceptional items - Expense towards YRS (refer note 3) 82.69 130.➔7 423.66 - Impact of labour codes 66.66 5 Profit before tax (3-4) 246.96 858.95 192.93 1,105.91 893.62 1.820.39 6 Tax expense Current tax 78.65 248.24 76.54 326.89 306.07 648.74 Deferred tax credit (12.88) (29.13) (22.56) (42.01) (71.39) (170.39) 7 Total tax exoense 65.77 219.11 53.98 284.88 234.68 478.35 8 Profit for the oeriod/ vear (5-7) 181.19 639.84 138.95 821.03 658.94 1.342.04 9 Other comprehensive income (i) Items that will not be reclassified to profit or loss (14.63) 19.03 (14.76) 4.40 (7.22) 28.!6 (ii) lncomi.: tax rc!atin!! to items that will not be reclassified to orofit or loss 3.68 (4.79) 3.72 ii.II) 1.82 (7.09) Other conmrchensive income for the neriod/year. net of tax (10.95) 14.24 (11.04) 3.29 (SAO) 21.07 Total comnrehensive income for the neriod/�•ear (8+9) 170.24 654.08 127.91 824.32 653.54 1.363.1 I Paid up equity share capital (Face value of Rs. 5/- each) 642.64 642.64 642.64 642.64 642.64 642.64 Other equity 15.313.35 J<:arnings per equity share of Rs. 5/- each Basic and Diluted (not annualised exceot for vearlv fi£ures) (Rs.) 1.41 4.98 1.08 6.39 5.13 10.44
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Consolidated Unaudited Balance Sheet as at 30th September 2026 (In Rs. million) As at As at 30 September 2026 3 I st March 2026 Unaudited Audited Assets Non-current assets Property, plant and equipment 2,984.31 3,068.66 Right-of-use assets 11,323.69 11,328.43 Capital work-in-progress 14.31 43.71 Intangible assets 1,763.40 2,107.98 Financial assets (i) Investments 15.00 15.00 (ii) Other financial assets 1,088.12 2,487.40 Deferred tax assets (net) 1,634.28 1.592.27 Current tax assets (net) 326.83 394.22 Other non-current assets 216.88 228.62 Total non-current assets 19,366.82 21,266.29 Current assets [nventories 7,248.35 7.075.87 Financial assets (i) Investments I 71.05 345.88 (ii) Trade receivables 2,292.27 1,840.57 (iii) Cash and cash equivalents 42.80 92.85 (iv) Bank balances other than (iii) above 2,291.92 4,872.02 (v) Other financial assets 633.60 834.80 Other current assets 1,752.12 1,456.22 Total current assets 14,432.11 16,518.21 Total assets 33,798.93 37,784.50 Equity and liabilities Equity Equity share capital 642.64 642.64 Other equity 11,767.73 15,313.35 Total equity 12,410.37 15,955.99 Liabilities Non-current liabilities Financial liabilities (i) Lease liabilities I 0,349.93 10,325.04 (ii) Other financial liabilities 1,492.30 1,809.89 Provisions 117.42 94.19 Total non-current liabilities 11,959.65 12,229.12 Current liabilities Financial liabilities (i) Lease liabilities 3,503.26 3,540.66 (ii) Trade payables (a) total outstanding dues of micro enterprises and small enterprises 1,233.04 921.38 (b) total outstanding dues of creditors other than micro enterprises and small enterprises 2,384.74 2,384.79 (iii) Other financial liabilities 1,333.61 1,647.65 Provisions 284.05 317.73 Other current liabilities 690.21 787.18 Total current liabilities 9,428.91 9,599.39 Total liabilities 21,388.56 21,828.51 Total equity and liabilities 33,798.93 37,784.50
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Consolidated Unaudited Statement of Cash Flows for the half year ended 30th September 2026 (In Rs. million) Half year ended Half year ended Year ended 30th September 2026 30th Seotember 2025 31st March 2026 Unaudited Unaudited Audited A Cash flows from operating activities: I Profit before tax 1,105.91 893.62 1,820.39 2 Adjustments for : Depreciation and amortisation expense 2.08 I.SO 2, I l0.67 4.200 68 Loss on sale/ disposal of property, plant and equipment (net) 76.64 27.84 63.64 Allowance for doubtful debts and other financial assets 54.95 (I 1.04) (23.88) Finance costs 65 l.35 686.95 1.346.09 Gain on remeasurement of leases (50.91) (78.82) (158.87) Gain on termination of license agreement (2.93) Net gain on sale of investments in mutual funds (17.28) (3.79) (22.78) Net exchange differences (unrealised) 50.66 (1.20) 230.67 finance income (243.36) (28717) (539.96) Liabilities no longer required written back (27.07) Expenses for litigation (net of reversals) (1.26) (3.58) 3 Operating cash flO\\'S before changes in operating assets and liabilities (1+2) 3,705.57 3,336.96 6,885.33 4 Change in operating assets and liabilities: increase in trade receivables (470.17) (493.55) (689.09) (Increase)/Decrease in inventories (172.48) 334.54 1,070.85 increase in other current assets (295.89) (121.21) (541.06) Decrease/(Increase) in other current financial assets 27.99 35.66 (73.51) Decrease/(lncrease) in other non-current assets 43.63 (88.30) (89.80) Decrease/(lncrease) in other non-current financial assets 29.08 (80.67) (18.57) (Decrease) /Increase in other current liabilities (97.00) (217.58) 101.94 lncrease/(Decrease) in trade payables 314.84 313.65 (172 66) (Decrease) /increase in current provisions (28.03) 45.93 53.99 (Decrease)/lncrease in other financial liabilities (139.57) (48.90) 138.70 Increase in non-current provisions 23.23 18.57 94. I 9 Changes in operating assets and liabilities (764.37) (301.86) (125.02) 5 Cash generated from operations (3+4) 2,941.20 3,035.10 6,760.31 6 Less: Taxes paid [net of tax refund] (260.61) (380.62) (8115 5) 7 Net cash inflow from operating activities (5+6) 2,680.59 2,654.48 5,948.76 B Cash flows from investing activities: Purchase of property, plant and equipment and intangible assets (400.76) (251.88) (658.07) Proceeds from sale of property, plant and equipment 6.65 6.72 10.59 Investments in bank deposits (having original maturity of more than three months) (2,445.18) (3.021.33) (7,014.93) Proceeds from redemption of bank deposits (having original maturity of more than three months) 6,408.12 2,001.93 5,061.71 Investments in government bonds (5.00) (5.00) Proceeds from sale of/(Payment) for purchase of investments in mutual funds (net) 192.11 (226.44) (323.10) Interest received 299.86 178.89 355.81 Net cash inflow/(outflow) from investing activities 4,060.80 (1,317.11) (2,572.99) C Cash flows from financing activities: Dividends paid (including amount transferred to Investor Education and Protection Fund) (4,359.07) (1.155.93) (1,157.08) Payment of lease liabilities - Principal elements of lease payments (1,327.76) (1,204.14) (2,467.90) - Interest paid on lease liabilities (576.19) (600.71) (1,174.27) Payment of fee for termination of license agreement (50.62) Payment of liability towards license rights - Principal elements (399. 10) (239.56) (333.58) - Interest paid (78.70) (85.07) (179.39) Net cash outflow from financing activities (6,791.44) (3,285.41) (5,312.22) D Net decrease in cash and cash equivalents (A+B+C) (50.05) (1,948.04) (1,936.45) El Cash and cash equivalents at the beginning of the period/year 92.85 2.029.30 2,029.30 E2 Cash and cash equivalents at the end of the period/year 42.80 81.26 92.85 Net change in cash and cash equivalents (E2-El) (50.05) (1,948.04) (1,936.45) Note: The above consolidated statement of cash flows has been prepared under the "indirect method" as set out in Indian Accounting Standard- 7, "Statement of Cash Flows".
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As at 30th September 2026 For the purpose of above consolidated unaudited statement of cash flows, cash and cash equivalents comprise the following: Balances with banks - In current accounts - Deposits with original manirity of less than 3 months Cash on hand Total cash and cash equivalents Non- cash investing activities: - Acquisiton of right-of-use assets - Disposal of right-of-use assets - Disposal of license rights Sec accompanying notes to the consolidated financial results Notes: 26.12 16.68 42.80 Half year ended 30th Sc tcmbcr 2026 l.615.82 249.66 76.96 As at 30th Sc tcmbcr 2025 36.5 l 4-1.75 81.26 Half year ended 30th Se tcmbcr 2025 l.136.60 536.69 In Rs. million) As at 31st March 2026 Year ended 31st March 2026 61.48 31.37 92.85 2.956.07 928. l l The Statement of Consolidated Unaudited Financial Results for the quarter and half year ended 30th September 2026, Consolidated Unaudited Balance Sheet as at 30th September 2026 and Consolidated Unaudited Statement of Cash Flows for the half year ended 30th September 2026 (collectively referred to as "consolidated financial results") include results of Bata India Limited (the Holding Company). Bata Properties Limited and Way Finders Brands Limited (the wholly owned subsidiaries). (Holding company and its wholly owned subsidiaries together referred to as "the Group"). The consolidated financial results were reviewed by the Audit Committee and thereafter approved by the Board of Directors at their respective meetings held on 3rd November 2026. These consolidated financial results have been prepared in accordance with the recognition and measurement principles laid down in Ind AS 34 - Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 read with the relevant mies issued thereunder and other accounting principles generally accepted in India and in terms of Regulation 33 of the SEBl (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended. Quarter ended 30th September 2025 included an amount of Rs. 82.69 million towards VRS expenditure. For the half year ended 30th September 2025. YRS expenditure was Rs. 130.47 million. For the year ended 31st March 2026. VRS expendin1re amounted to Rs. 423.66 million. All the above amounts are disclosed as an exceptional item. 4 The Group operates in a single business segment, i.e., Footwear and Accessories. During the quarter ended 30th September 2026, the Board of Directors of the Holding Company in its meeting held on 11th August 2026. had declared an interim dividend of Rs. 25.00 per share (500% on an equity share of par value of Rs. 5/- each). 6 Other expenses includes foreign exchange loss of Rs. 29.98 million incurred for the quarter ended 30th September 2026 arising from the translation of a liability related to license rights, in accordance with the requirements of Ind AS 21 � The Effects of Changes in Foreign Exchange Rates. This loss is primarily anributable to significant volatility in the exchange rates of USD to fNR as an effect of the ongoing geopolitical developments. Similarly, half year ended 30th September 2026 and full year ended on 31st March 2026 stood at Rs. 57.71 million and Rs. 223.74 million respectively. The report of stan1tory auditors is being filed with National Stock Exchange of India Limited, BSE Limited and The Calcutta Stock Exchange Limited. For more details on the financial results, please visit Investor Relations section of our website: www.bata.in and unaudited financial results at Corporate section of www.nseindia.com, www.bseindia.com and www.cse-india.com. Place: Gurugram Date: 3rd November 2026 �"" ��� V Amit Aggamal Director Finance & CFO Sanjay Sarvotham Rao Managing Director & CEO