Bata India posts best revenue growth in 12 quarters, but Ebitda slips 15% on ad spend
Q4FY26 revenue rose 5% YoY to ₹827 cr, the strongest print in three years, aided by ZBM rollout across 550 stores and premium push via Hush Puppies (18-20% of mix) and Power. Yet volume growth of 2.8% trailed peers, Ebitda fell 15% to ₹151 cr, and the stock is down 30% YTD on a rich 31x FY28 PE.
Bata India's Q4FY26 revenue grew 5% YoY to ₹827 cr — best in 12 quarters — but Ebitda fell 15% on higher ad spend. Volume growth of 2.8% lagged peers. ZBM rollout, premium Hush Puppies/Power, and franchise expansion continue.