BATA INDIA LTD
Long

Weekly down trendline breakout in Bata India.

232
About : ( Bata India - CMP: 1450)
Bata India is primarily engaged in the business of manufacturing and trading of footwear and accessories through its retail and wholesale network.

Share holding Parentage :
As of June 2024, the Bata Corporation holds a 50% stake in the company. Founded in 1894 in the Czech Republic, Bata Corporation is the world's leading shoemaker by volume having a retail presence of over 5,300 shops in more than 70 countries across 5 continents, and operates 21 production facilities in 18 countries.

Market Leadership :
The company is the largest footwear retailer and leading manufacturer in the Indian footwear industry with 1,860+ retail stores across ~1,500 towns including franchisees in FY24 growing from ~1,700 stores across ~890 towns in FY20. It has an overall retail space of 3.68 mn sq ft.

Brand Portfolio :
Bata, Power, Marie Claire, North Star, Naturaiser, Scholl, Bata Comfit, Weinbreneer, Bata Comfit, Hush Puppies, Power, etc.

Manufacturing Facilities :
The company has 4 manufacturing units at Batanagar (Kolkata), Bataganj (Bihar), Peenya (near Bangalore), and Hosur (Tamil Nadu). It has a manufacturing capacity to produce 21 Mn Footwear Per Annum.

Focus :
The company’s business strategy is focused on premium brands like Hush Puppies, Power, Nordstar, Comfit, etc. which contribute 40% of revenue as of FY24.

Upcoming earnings release India :
31 of October

key levels in trading :
CMP - 1450,
Entry Above 1460,
SL - 1385
Target 1- 1620,
Target 2- 1760,

RR - 1:2 (Min)

Disclosure : I am not SEBI registered. The information provided here is for education purposes only.

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