Bata India on Thursday reported a 71.82 per cent rise in consolidated net profit at Rs 119.37 crore for the first quarter of FY2023 as the shoemaker achieved its highest ever quarterly sales. The company had posted a net profit of Rs 69.47 crore a year ago. Revenue from operations was at Rs 943.01 crore, up three-fold from Rs 267.04 crore in the pandemic-hit corresponding quarter of FY22.

“A direct outcome of the continued focus on key thrust areas of franchise expansion, consumer relevant communication and digital footprint expansion was reflected in the quarterly sales, which touched a lifetime high,” Bata said.

Jet Airways loss widens

Jet Airways on Thursday reported a standalone net loss of Rs 390.11 crore for the quarter ended June 30 compared with a loss of Rs 128.96 crore in the same quarter a year ago. Revenue from operations stood at Rs 12.53 crore against Rs 73.83 crore in the year-ago period. Expenses rose to Rs 403.21 crore from Rs 203.97 crore.

Trent back in black

Tata group retail firm Trent on Thursday reported a consolidated net profit of Rs 114.93 crore in the first quarter of the current financial year against a net loss of Rs 138.29 crore a year ago. Revenue from operations stood at Rs 1,803.15 crore, up over three-fold from the pandemic-hit corresponding previous quarter’s Rs 491.99 crore. Total expenses were at Rs 1,734.28 crore against Rs 674.88 crore a year ago.