Footwear maker Bata India is in talks with atheletics shoemaker giant Adidas for a strategic partnership for the domestic market.
According to a CNBC-TV18 report, the talks between the two footwear giants are at an advanced stage with the final deal contours in the works.
Bata India, which has established itself among India’s largest footwear retailer has more than 2,050 stores across the country, according to its latest annual report.
The stores are not only present in key locations but can also be found in mini-metros and towns with price points catering to different consumer segments.
Bata market in India
For the first quarter of the current financial year, Bata India Ltd reported a consolidated net profit of Rs 106.8 crore, registering a decline of 10.3 percent from Rs 119.3 crore a year back. The company's revenue stood at Rs 958.1 crore, rising 1.6 per cent from Rs 943 crore in the year-ago quarter, the company said in a regulatory filing.