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Bata India announces Q4 results

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Footwear major Bata India Limited today announced results for the quarter ended 31st March 2024. Revenue from operations for the quarter stood at Rs. 7976.74 million vs. Rs. 7785.85 million for Q4FY23. The Operating Profit stood at Rs. 582.65 million. The results for the quarter are a factor of resilience despite sluggish demand conditions to drive growth in a sustainable manner with strong margin performance.

Continued expansion with a network of 1329 COCO and Franchise stores. On digital sales front, e-commerce performance was encouraging. Bata achieved significant growth in e-commerce sales for previous year.

The portfolio casualisation strategy continued to work well, with Sneaker category led by Power. Sneaker Studios expanded to 698 Stores. Floatz achieved highest ever quarterly turnover, enhanced by 11 Floatz Kiosk. Bata also launched its 1st Power EBO launched in Noida. Another 5 to be opened shortly.

To enhance customer experience, Bata continued to renovate stores. 67 stores were renovated during the quarter with significant thrust towards portfolio newness with style & technology propositions.

Major campaigns were launched building style & fashion forward Imagery through Marketing Campaigns – 10/10 Campaign and Engaging Youth with Always-On Influencers.

Bata continued to leverage its fixed cost across the value chain. ERP has gone live as per plan.

Revenue from operations for the year stood at Rs. 34,784.13 million vs. Rs. 34,515.68 million for FY23. The Operating Profit stood at Rs. 3,280.59 million for the year vs. Rs. 3,882.79 million for FY23. With a positive outlook and to accelerate growth, significant investments behind Brand and technology are continued.

Speaking on the Q4FY24 performance, Gunjan Shah, MD and CEO – Bata India Limited, stated:

“Bata India navigated well through the unforeseen sluggishness in the market driving towards sustainable growth led by brands backed by significant investments in marketing and technology. Our strategies helped us defending margins.

With cautious control on costs and focus on efficiency and productivity, we were able to defend our margin growth across channels and maintain our standing in premium segments across brands like Red Label, Comfit, Power. We added 24 Franchise Stores in the quarter, primarily in Tier 3 – 5 towns to cater the demand for branded products and achieve better returns on capital.

We are further bolstering our offering with international tie-ups, such as Hush Puppies and Nine West which saw a significant higher ASP driving premiumization. We are optimistic of demand revival going forward.”

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Adani Foundation inaugurates a Medical Centre at Sanghipuram on Chairman’s birthday

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Ambuja Cements, the cement and building material company of the diversified Adani Portfolio, along with the Adani Foundation, is proud to mark the birthday of Shri Gautam Adani, Chairman – Adani Group, with the inauguration of Adani Medical Centre at its Sanghipuram plant, Gujarat. The Centre is fully equipped to provide basic healthcare facilities to the residents of remote villages in Abdasa and Lakhpat blocks, who had never benefitted from access to such facilities until now.

The Medical Centre comes equipped with a team of doctors, dedicated paramedical staff, and features an emergency trauma room with all the necessary diagnostic facilities such as defibrillator, ECG machine, oxygen concentrators, male and female wards, and a laboratory for conducting various blood and lipid profile tests. It also keeps a stock of a variety of anti-venom injections, emergency treatment for snake bites – a common occurrence in the region.

Adani Foundation also distributed tricycles and wheelchairs to 15 disabled individuals, conducted a tree plantation drive at the Sanghipuram colony, along with a generous celebration at the Kamla Rani Public School.

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The Iconic Nokia 3210 makes comeback in the Indian markets with YouTube & YouTube Music

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HMD announced the relaunch of the legendary Nokia 3210, marking the 25 years’ anniversary of its original release. The iconic phone that defined a generation is back in the Indian markets, and is available in three bold and nostalgic colors: Scuba Blue, Grunge Black, and Y2K Gold.In a world where digital detoxing is becoming increasingly popular, the Nokia 3210 offers a perfect solution for those looking to disconnect from the endless stream of social media, internet, and apps. Additionally, the Nokia 3210 features a preloaded UPI application approved by the National Payments Corporation of India (NPCI), enabling seamless scan-and-pay functionality and replicating the familiar smartphone payment experience.

Nokia 3210 unlocks the world of YouTube, YouTube Music and in addition it has a comprehensive suite of eight apps, Weather, News, Sokoban, Cricket Score, 2048 Game, and Tetris, are also present in the phone. People who have already bought these devices would still be able to access YouTube Music starting 20th June.

Commenting on the development, Ravi Kunwar, VP, India & APAC, HMD said, “The Nokia 3210, a cultural icon, is back as consumers seek to balance screen time with a digital detox. Nokia 3210 isn’t just a phone; it’s 2024’s fun phone. The original Nokia 3210 holds a special place in many hearts as one of the best-selling mobile phones ever. The reimagined Nokia 220 4G also sports a large 2.8-inch IPS display and has UPI applications preloaded and approved by the National Payments Corporation of India (NPCI), replicating the smartphone experience for seamless transactions. The Type-C charging port offers effortless and universal charging, designed for durability to withstand frequent use making it a reliable companion for today’s users. Nokia 220 4G comes in Peach & Black Color.

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EverEnviro’s CSR Initiatives Uplifting Communities with a Focus on Education, Healthcare, and Sanitation

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EverEnviro Resource Management Pvt. Ltd., India’s leading compressed biogas/RNG developer, has launched significant community programs with initiatives focused on ensuring access to education, sanitation, and healthcare. Aiming to enhance the quality of life for less privileged communities across Punjab, Delhi, Uttar Pradesh, and Madhya Pradesh, EverEnviro’s CSR initiatives have touched upon over 3,500 lives so far.

Over the past few months, EverEnviro has conducted a series of health camps across its project locations in Burari & Ghazipur (Delhi), Indore (MP), Balrampur, and Kumbhi (UP), catering to individuals across all age groups. These camps provided essential services such as eye check-ups, monitoring of blood pressure and blood sugar levels, as well as ECG, cholesterol, and creatinine tests. The initiative resulted in 460 beneficiaries receiving crucial healthcare support.

Stressing the need to support rural communities to achieve a higher standard of living, Mr. KA Chowdary, Chief Project and Operations Officer, EverEnviro Resource Management Pvt. Ltd., said, “At EverEnviro, we believe in the ethos of giving back to the community and are committed to leaving a lasting impact on the communities we serve. Through our CSR programs focused on healthcare, education, and sanitation, we aim to improve the lives of school children, residents, and senior citizens.”

In another initiative, the team planted over 1,000 trees in schools and local parks across Balrampur and Indore. Moreover, to provide clean water access to less advantaged people, EverEnviro distributed water coolers and RO systems to government schools, old age homes, and temples, ensuring the well-being of the communities.

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