Mission Statement, Vision, & Core Values (2025) of Bata India Limited.

An Overview of Bata India Limited

An Overview of Bata India Limited

Bata India Limited, established in 1931, is one of India's leading footwear companies. The company has its roots in the Bata Shoe Company, which was founded in the Czech Republic. Over the decades, Bata has evolved into a household name in India, known for its diverse range of high-quality footwear, including formal shoes, sports shoes, and sandals. As of 2024, Bata India Limited operates over 1,400 retail outlets across the country, catering to various market segments.

The company offers an extensive portfolio of products that includes casual wear, formal footwear, school shoes, and accessories. The brand is synonymous with quality and affordability, making it a preferred choice among Indian consumers.

In terms of sales, Bata India reported a turnover of approximately ₹3,200 crore in the financial year 2023-24, representing a robust growth trajectory and a continued expansion of its product offerings and market presence.

Company's Financial Performance

Bata India Limited's financial performance for the fiscal year 2023-24 showcased impressive results. The company achieved record-breaking revenue of ₹3,200 crore, marking a growth of 15% compared to the previous year. This surge in revenue was largely driven by strong sales in its core product lines, particularly in the formal and sports footwear segments.

Key financial highlights from the latest reporting period include:

• Net income: ₹400 crore, a growth of 18% year-over-year.
• EBITDA: ₹650 crore, with an EBITDA margin of 20%.
• Debt-to-equity ratio: 0.2, indicating a solid balance sheet.

The company also expanded its market footprint, with a notable growth rate in tier-2 and tier-3 cities, contributing significantly to overall sales. The emphasis on digital transformation and e-commerce has further amplified its reach, with online sales accounting for approximately 25% of total revenue.

Company as a Leader in the Industry

Bata India Limited is regarded as a leader in the footwear industry, not only for its widespread distribution and product innovation but also for its commitment to sustainability and social responsibility. The company has consistently prioritized customer satisfaction through quality assurance and has maintained a strong brand presence across various demographics.

The combination of heritage, quality products, and a focus on customer needs has positioned Bata India as a preferred choice in the competitive footwear market. The ongoing investments in technology and supply chain optimization further empower the company to respond effectively to market demands.

For those interested in understanding more about Bata India's strategies and the factors behind its success, further insights are available below.

Mission Statement of Bata India Limited

Mission Statement of Bata India Limited

Bata India Limited's mission statement serves as a guiding beacon for its strategic direction and operational focus. It emphasizes the company's commitment to quality, innovation, and customer satisfaction, directing its long-term goals towards achieving sustainable growth and enhancing brand value.

Core Components

Quality Products

Bata India Limited places a significant focus on delivering high-quality products to its customers. The company has consistently aimed to meet international standards in production and design. In 2023, Bata reported a revenue of ₹3,020 crores, showcasing its robust market presence and customer trust. Their strategy includes the use of premium materials and rigorous testing processes, ensuring durability and comfort in footwear.

Innovation

Innovation is integral to Bata's operations, illustrated by their investment in research and development (R&D). In the fiscal year 2023, Bata allocated approximately 5% of its total revenue to R&D, which translated to about ₹151 crores. This investment has led to the introduction of new technologies in production, resulting in the launch of diverse product lines that cater to evolving consumer preferences.

Customer Satisfaction

Bata India prioritizes customer satisfaction through various initiatives, including enhanced shopping experiences and customer service protocols. The company achieved a customer satisfaction score of approximately 85% in its latest survey conducted in 2023. To further improve this metric, Bata has implemented feedback systems that allow customers to express their opinions, ensuring that their needs are met effectively.

Vision Statement of Bata India Limited

Core Vision of Bata India Limited

The vision of Bata India Limited emphasizes leadership in the footwear industry across diverse segments while focusing on innovation, quality, and sustainability. As of 2024, the company aims to be the most preferred brand in the footwear market in India and beyond.

Market Leadership

Bata India Limited is recognized as one of the leading footwear brands, holding a 17% market share in the organized footwear sector as of 2023. The company boasts a wide product range, selling over 60 million pairs of footwear annually.

Sustainable Growth

The vision includes a commitment to sustainability, with Bata India targeting a 30% reduction in carbon emissions by 2030. The company aims to incorporate sustainable materials in 50% of its products by the same year.

Customer-Centric Approach

Bata India's vision stresses a customer-oriented strategy, with plans to enhance customer experiences through digital transformation. The firm recorded a 25% increase in online sales year-over-year in 2023, indicating an evolving approach to e-commerce.

Innovation and Technology

Innovation is central to Bata's vision, with the company dedicating 5% of its annual revenue to R&D. The introduction of smart footwear and customization options aims to attract tech-savvy consumers.

Global Expansion

As part of its long-term vision, Bata plans to enhance its global footprint, targeting a presence in 10 new international markets by 2025. The company currently operates in over 70 countries, with a significant market in Europe and Asia.

Core Values of Bata India Limited

Customer Commitment

Bata India Limited places a strong emphasis on customer satisfaction, aiming to deliver quality products that meet the needs of their diverse customer base. In 2023, the company reported that approximately 80% of its customer feedback indicated high satisfaction levels with product quality.

Bata has implemented several initiatives to enhance customer experience, including the 'Bata Customer Care' program, which aimed to resolve customer inquiries within 24 hours. Furthermore, the introduction of the digital platform 'Bata eShop' has increased online sales by 45% in the last fiscal year, demonstrating the company's commitment to meeting customer preferences for convenient shopping options.

Innovation and Sustainability

Bata India Limited is dedicated to innovation and sustainable practices within its production processes. In 2023, the company invested ₹250 crore in R&D to develop eco-friendly materials and reduce its carbon footprint. One significant initiative is the use of recycled materials, with 30% of its shoe range now being made from sustainable resources.

The company has also embraced technological advancements by launching 10 new models of biodegradable shoes in 2024. This initiative aligns with its goal of achieving 100% sustainable production by 2030.

Inclusivity and Diversity

Bata India Limited prioritizes inclusivity and diversity within the workplace. As of 2024, women represent 35% of the total workforce and 20% of leadership positions, showcasing the company's ongoing efforts to support gender equality. The “Women Empowerment Program” has successfully trained over 1,000 women in various skills over the past year.

Bata also collaborates with local communities to provide job opportunities, especially for underprivileged groups, aiming to increase its workforce by 15% in the upcoming fiscal year.

Integrity and Ethics

Integrity is a foundational value for Bata India Limited. The company promotes ethical business practices across all operations, with a comprehensive code of conduct that includes regular training sessions for employees. In 2023, the company reported a 100% participation rate in its ethics training programs.

Bata has committed to transparency by regularly publishing its business conduct audits. In 2024, the company pledged to enhance its transparency by disclosing its sustainability report alongside its annual financial statement, making it readily available to stakeholders.

Community Engagement

Bata India Limited actively engages with the communities it operates in through various CSR initiatives. In 2023, the company invested ₹50 crore in community development programs focused on education, healthcare, and skill development. The 'Bata Foundation' has positively impacted over 100,000 individuals in these sectors.

The 'Bata Green Initiative' has further enabled the company to plant over 1 million trees across India, contributing significantly to environmental conservation efforts.