Bata eyes doubling turnover with new products
New Delhi: Leading footwear company Bata India is set to introduce new global product lines, particularly sneakers and youth-focused ranges, to its stores in an effort to double its India turnover by 2030, according to its new Managing Director and CEO Sanjay Rao. Rao emphasized that the company's goal is to achieve a mid-single-digit to double-digit compound annual growth rate (CAGR) over the next four years as part of its "Reignite India 2030" strategy.
The company aims to double its revenue and more than double its profits by 2030 while maintaining sustainable and profitable growth. Bata India currently generates Rs 3,515.48 crore in annual revenue. The company plans to bring in global product lines from other regions as soon as possible, with CEO Rao expressing confidence that these new products will perform strongly once launched in stores.
Retail expansion efforts are focused on franchisee-led growth and selective company-owned store openings.
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