Bata India taps ex-Nike, Zara veteran Sanjay Rao as MD & CEO; stock jumps 8%
Sanjay Rao, with 20 years across Nike Retail and Zara India, succeeds Gunjan Shah. He assumes CEO duties on Aug 24, 2026 and MD role from Oct 1, 2026 through Aug 2031. Shares rallied 8.13% to ₹733.65 on the announcement, signaling investor confidence in the global retail playbook he brings.
Bata India named Sanjay Rao as new MD & CEO, replacing Gunjan Shah. Rao, ex-Nike Retail and Zara India contributor, takes CEO charge Aug 24, 2026 and MD role Oct 1, 2026. Stock jumped 8.13% on the announcement.