BATA Treads Onto Big Returns of 11,887%

An investment of ₹1 lakh in BATA in October 2002, could have snowballed into ₹1.31 Crores today! Investors are basking in this magnanimous multibagger returns of 11,887%, also, returns of ₹1,18,87,000 + Dividends of ₹12,76,744. Let’s take a walk in the shoes of the most reliable footwear brand in India—BATA.

👟 Stock Name: Bata India Ltd.
👟 NSE: $BATAINDIA

🌱 About The Company
Bata India is a leader in shoe manufacturing and retailing. It was founded in 1894 in Czechia and has been a footwear favourite of generations. Bata made its way to the Indian market in 1931 and has since mastered different kinds of footwear and accessories. Previously known as Bata Shoe Company Pvt. Ltd., the company went public in 1973, changing its name to Bata India Limited.

As a pioneer in the Indian market for shoes, Bata India has established its exceptional shopping experience in 1,375 retail stores across the country in prominent locations, ensuring accessibility.

🔎 Target Audience & Market
Bata India’s price points are interesting because it targets diverse income groups. From those looking for luxurious footwear to those looking to fulfil their most basic needs, Bata has something for everyone.

Interestingly, even though Bata is not inherently an Indian brand, they have managed to customise shoes for the Indian market effectively. In addition, Bata India set the quality footwear ball rolling in India, so there is a level of historical significance.

As part of its future expansion plans, Bata India plans to open retail stores in small towns to improve accessibility. In an effort to reduce costs and increase productivity, the company is also considering online channels.

💰 Stock Value
On October 18, 2002, the shares of the company were trading at ₹15.35, while they were priced at ₹1840.10 as of October 17, 2022.