The company has appointed Sanjay Rao as the new managing director and CEO, with effect from October 1, 2026 to August 23, 2031. Gujan Shah is completing his full term of five years on September 30, 2026.
Who Is Sanjay Rao, The New Bata India MD & CEO?
Rao has over two decades of retail and consumer leadership experience across India, South Asia, China and Europe. He was the senior director of Nike Retail, overseeing the France and Benelux markets.Prior to Nike, Rao was with Inditex, establishing Zara’s business in India. He also served as the country director for Guess in France and holds and MBA from INSEAD.
Bata’s Financial Performance
Over the last three years, Bata India’s revenue has grown at a Compounded Annual Growth Rate (CAGR) of only 1%, while its profit has declined at a CAGR of 20% during the same period.
The stock has also seen similar underperformance, having declined nearly 70% from its all-time high of ₹2,144, that it had surged to in November 2021.
Bata’s March quarter net profit declined 95.2% to ₹2.2 crore from ₹45.98 crore in the previous year. Its revenue from operations were up 5% at ₹827.6 crore from ₹788.2 crore last year.
The company’s EBITDA declined 15.2% to ₹150.7 crore from ₹177.8 crore in the fourth quarter of the previous fiscal. Its EBITDA margin contracted sharply to 18.2% from 22.6% in the year-ago period.
Shares of Bata India are trading 16% higher on Thursday after the announcement at ₹787. The stock is down 39% from its 52-week high of ₹1,285.
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