• 14/08/2022 11:54 pm

#Live: Sensex, Nifty Edge Higher; Cipla Extends Gains To 11%

Hormaz Fatakia

Earnings Reaction: Bata Q1FY21
Revenue down 84.7% to Rs 135.1 crore
Net loss of Rs 100.9 crore from net profit of Rs 101 crore
Ebitda loss of Rs 85.9 crore from Ebitda gain of Rs 243.4 crore
Witnessed a gradual improvement in business once the lockdown was lifted
Prevailing uncertainties have dampened the consumer demand for discretionary spends
Focus on cost controls related to retail stores, factories, rentals & operations and drive efficiencies in its value chain
Shares fell as much as 3% to Rs 1,219. The stock is down for the third straight day and is trading at a four-month low.

9:30 Live

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