Lahore: Bata Limited has reported a significant decline in its financial performance for the first half of the year ending June 30, 2025. According to the company’s Directors’ Review, the net turnover for the period witnessed a very large or significant move, declining to Rs. 9.06 billion from Rs. 9.54 billion in the same period last year.
The company, a prominent player in the footwear industry, recorded a loss after tax of Rs. 113.45 million, contrasting sharply with a profit after tax of Rs. 470.95 million reported during the corresponding period in 2024. This downturn translated into a loss per share of Rs. 15.01, compared to last year’s earnings per share of Rs. 62.29. The decline in retail turnover is attributed to fierce competition and unfavorable economic conditions.
The pressure on turnover has affected in-house production at Bata’s Batapur and Maraka plants. Despite these challenges, the company is striving to enhance the efficiency of its operations to maintain competitiveness. The management expressed its commitment to meeting customer demands through various initiatives, including social media engagement, online campaigns, and leveraging physical stores as marketing channels.
In its corporate social responsibility efforts, Bata Limited organized health awareness sessions and sponsored a fundraising walk for SOS, demonstrating its commitment to social causes. The company also celebrated International Women’s Day and launched a “Plant for Life” campaign, underscoring its dedication to environmental sustainability.
According to information available from the Pakistan Stock Exchange (PSX), the company’s financial outlook remains cautious amid the prevailing economic environment. Despite the setbacks, Bata Limited remains optimistic about overcoming the challenges, with a focus on achieving sales targets and maintaining strong stakeholder relations.
The company’s financial statements reveal a total asset value of Rs. 61.88 billion, with non-current assets, including property and equipment, contributing significantly to this figure. Current assets stood at Rs. 8.43 billion, reflecting a moderate move compared to the previous period. The company’s total equity was recorded at Rs. 5.49 billion, while liabilities, both current and non-current, amounted to Rs. 9.78 billion.
As Bata Limited navigates through the economic challenges, its emphasis on quality, cost efficiency, and customer satisfaction remains at the forefront of its strategy. The company is poised to capitalize on opportunities in the market while fulfilling its corporate responsibilities to society.