Shoemakers
Small shoe firms in Agra squeezed by material costs, fading demand
Small firms, which employ about 110 million Indians and account for 45% of manufacturing, were hit the hardest
 "Small shoe firms in Agra squeezed by material costs, fading demand")
Relaxo Footwears Q4 net profit falls 38% to Rs 63 cr; revenue declines 6.6%
Relaxo Footwears Ltd on Wednesday reported a decline of 38.40 per cent in its net profit at Rs 62.93 crore for the fourth quarter ended March 2022. It had posted a net profit of Rs 102.17 crore in the January-March quarter of the preceding fiscal, Relaxo Footwears said in a regulatory filing. Its revenue from operations was down 6.61 per cent to Rs 698.19 crore during the period under review as against Rs 747.68 crore in the corresponding period of the previous fiscal. The company's total expenses were at Rs 619.66 crore, up marginally 0.43 per cent in Q4 FY22, as against Rs 616.96 crore a year ago. For the entire financial year ended on March 31, 2022, Relaxo Footwears' net profit was down 20.19 per cent at Rs 232.68 crore. It had reported a net profit of Rs 291.56 crore in 2020-21. Revenue from operation stood at Rs 2,653.27 crore in 2021-22. This was 12.46 per cent higher than Rs 2,359.15 crore in FY21. Meanwhile, in a separate filing, Relaxo Footwears said its board in a meet
 "Relaxo Footwears Q4 net profit falls 38% to Rs 63 cr; revenue declines 6.6%")
Bata India reports consolidated net profit of Rs 37 crore for Sept quarter
Bata India on Wednesday reported a consolidated net profit helped by an increase in sales
 "Bata India reports consolidated net profit of Rs 37 crore for Sept quarter")
Adidas sells Reebok to US firm Authentic Brands Group in $2.5 billion deal
The majority of the price will be paid in cash at closing, with the rest coming as deferred and contingent consideration, the companies said Thursday in a statement
 "Adidas sells Reebok to US firm Authentic Brands Group in $2.5 billion deal")
Bata expects 30% stores to be run on franchise model in about 4 years
Leading shoemaker Bata India Ltd is working on portfolio changes towards casuals and sneakers as part of its business growth plans and channel expansion through franchise, its CEO Gunjan Shah said.
 "Bata expects 30% stores to be run on franchise model in about 4 years")
Adidas hit by China boycott of Western brands, Vietnam factory closures
The German sportswear company still raised its outlook for full-year sales
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Sandeep Kataria, Bata's Global CEO: An Indian footprint in a global brand
Experts say that Kataria's exposure with MNCs such as Unilever, Yum Brands and Vodafone have stood him in good stead, shaping his outlook and professional life
 "Sandeep Kataria, Bata's Global CEO: An Indian footprint in a global brand")
Covid-19 crisis leaves Agra shoemakers in lurch as tourists stay away
Annual turnover likely to drop to a third of Rs 800-900 crore
 "Covid-19 crisis leaves Agra shoemakers in lurch as tourists stay away")
Bata: Despite subdued Q4, hope of faster recovery may keep sentiment intact
Q4 was weak with 8.8% fall in top line and 45.5% decline in pre-tax profit
 "Bata: Despite subdued Q4, hope of faster recovery may keep sentiment intact")
UP tannery clampdown, rupee slide pinch shoemakers; price rise on cards
On Monday, the UP Pollution Control Board ordered closure of 296 tanneries in Jajmau, Kanpur, one of the largest leather hubs in the country
 "UP tannery clampdown, rupee slide pinch shoemakers; price rise on cards")
