BATA INDIA at All Time High; BSE FMCG Index Up 0.2%

BATA INDIA share price has hit an all-time high at Rs 848 (down 0.05%).

Meanwhile, the BSE FMCG Index is at 11,124 (up 0.17%).

Among the top gainers in the BSE FMCG Index today are BATA INDIA (down 0.12%) and NESTLE (up 0.12%)

VENKYS (I) LIMITED (down 0.02%) and HIND. UNILEVER (down 0.03%) are among the top losers today.

Over the last one year, BATA INDIA has moved up from Rs 532 to Rs 848, registering a gain of Rs 316 (up 58.52%).

The BSE FMCG has moved up from 10,194 to 11,124, registering a gain of 930 points (up 9.13%) during the last 12 months.

The top gainers among the BSE FMCG Index stocks during this same period were RADICO KHAITAN (up 204.03%), VENKYS (I) LIMITED (up 80.04%) and BRITANNIA (up 68.40%).

What About the Benchmark Indices?

The BSE Sensex is at 35,679 (up 0.24%). The top gainers among the BSE Sensex stocks today are ADANI PORTS & SEZ (up 2.20%), ICICI BANK (up 1.02%) and L&T (up 0.51%). Other gainers include TATA MOTORS (up 0.51%) and M&M (up 0.47%). The most traded stocks in the BSE Sensex are ADANI PORTS & SEZ and ICICI BANK.

In the meantime, NSE Nifty is at 10,810 (up 0.24%). The top gainers in the NSE Nifty include ADANI PORTS & SEZ (up 2.05%), ICICI BANK (up 1.01%) and HINDALCO (up 0.80%). Other gainers include IOC (up 0.73%) and TECH MAHINDRA (up 0.72%).

Over the last 12 months, the BSE Sensex has moved up from 31,298 to 35,679, registering a gain of 4,381 points (up 13.85%).

BATA INDIA Financial Update...

BATA INDIA net profit declined 23.6% YoY to Rs 521 million for the quarter ended March 2018, compared to a loss of Rs 682 million a year ago. Net Sales declined 6.2% to Rs 6.3 billion during the period as against Rs 6.7 billion in January-March 2017.

For the year ended March 2017, BATA INDIA reported 26.6% increase in net profit to Rs 1.8 billion compared to net profit of Rs 1.4 billion during FY16.

Revenue of the company grew 2.0% to Rs 25 billion during FY17.

The current Price to earnings ratio of BATA INDIA, based on rolling 12 month earnings, stands at 48.5x.

This article was originally published in English at www.equitymaster.com

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