Stronger sales of premium products (Sneakers, Hush Puppies, Comfit & Floatz) along with continued e-commerce momentum will be the key driver of Bata's topline.
(Photo source: Freepik)
Nirmal Bang still believes that a full-fledged recovery in volumes for the mass category to prepandemic levels for Bata and V-Mart will take time, mainly due to competitive intensity from organized, unorganized, and e-commerce players.