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Bata India today announced the appointment of Sanjay Rao as Managing Director and Chief Executive Officer of Bata India. He succeeds Gunjan Shah, who will conclude his tenure upon completion of his five-year mandate leading the business.
Rao brings more than two decades of retail and consumer leadership experience across India, South Asia, China and Europe. He joins Bata India from Nike, where he most recently served as Senior Director, Nike Retail, overseeing the France and Benelux markets.
Prior to Nike, Rao spent several years with Inditex, where he played a pivotal role in establishing Zara's business in India through its joint venture with the Tata Group. He subsequently held senior leadership positions across India, South Asia and China. Rao has also served as Country Director for Guess in France and holds an MBA from INSEAD.
Rao brings more than two decades of retail and consumer leadership experience across India, South Asia, China and Europe. He joins Bata India from Nike, where he most recently served as senior director, Nike Retail, overseeing the France and Benelux markets.
Prior to Nike, Rao spent several years with Inditex and played a key role in establishing Zara’s business in India through its joint venture with the Tata Group. He later held senior leadership roles across India, South Asia, and China. Rao has also served as Country Director for Guess in France and holds an MBA from INSEAD.
Panos Mytaros, Chief Executive Officer of Bata Group, said, “India is one of Bata Group’s most important markets and one of our biggest long-term growth opportunities. Bata India has a powerful brand, deep consumer trust, strong foundations and significant room to grow. The next chapter must be about becoming even closer to consumers, strengthening our relevance, responding faster to trends and giving consumers the shoes they want for every part of their lives.
I would like to thank Gunjan for his leadership and contribution over the past five years. He has helped strengthen the business and build a solid foundation for the future.
Sanjay brings deep retail and consumer experience, international perspective and a strong understanding of the Indian market. He knows how to build businesses, develop teams and create momentum. I am excited to welcome him to Bata and confident he is the right leader to take Bata India forward into its next phase of accelerated growth.”
The company and the board of directors expressed their appreciation to Gunjan Shah for his leadership and contribution since joining Bata India.
Ashwani Windlass, Chairman of Bata India, said, “On behalf of the Board, I would like to thank Gunjan for his leadership, commitment and contribution to Bata India. During his tenure, he strengthened the business, elevated the consumer experience, drove innovation and built a strong leadership team. His contribution has helped create a solid foundation for the future, and we wish him every success in the next chapter of his career.
We are delighted to welcome Sanjay to Bata India. His versatile background, proven track record and deep understanding of consumer and retail markets make him well suited to lead the company into its next phase of growth, with a strong focus on consumer relevance, product strength and long-term value creation.”
Bata India is the largest retailer and manufacturer of footwear in the country. The company is engaged in the business of manufacturing and trading footwear and accessories through their retail and wholesale network. Their products include leather footwear, rubber/canvas footwear, and plastic footwear.
The company’s consolidated net profit tanked 95.20% to Rs 2.20 crore in Q4 FY26 as against Rs 45.91 crore in Q4 FY25. Revenue from operations rose 4.99% to Rs 827.62 crore in Q4 FY26 as against Rs 788.21 crore Q4 FY25.
Bata India Ltd, Star Health & Allied Insurance Company Ltd, Redington Ltd, Carborundum Universal Ltd are among the other stocks to see a surge in volumes on NSE today, 18 June 2026.
New India Assurance Company Ltd witnessed volume of 720.99 lakh shares by 14:14 IST on NSE, a 84.52 times surge over two-week average daily volume of 8.53 lakh shares. The stock increased 9.91% to Rs.181.86. Volumes stood at 20.02 lakh shares in the last session.
Bata India Ltd witnessed volume of 27.33 lakh shares by 14:14 IST on NSE, a 24.26 times surge over two-week average daily volume of 1.13 lakh shares. The stock increased 6.94% to Rs.725.60. Volumes stood at 1.99 lakh shares in the last session.
Star Health & Allied Insurance Company Ltd recorded volume of 64.3 lakh shares by 14:14 IST on NSE, a 13.02 times surge over two-week average daily volume of 4.94 lakh shares. The stock gained 5.56% to Rs.563.40. Volumes stood at 7.31 lakh shares in the last session.
Redington Ltd notched up volume of 338.62 lakh shares by 14:14 IST on NSE, a 8.83 fold spurt over two-week average daily volume of 38.35 lakh shares. The stock rose 8.67% to Rs.270.51. Volumes stood at 82.8 lakh shares in the last session.
Carborundum Universal Ltd notched up volume of 17.54 lakh shares by 14:14 IST on NSE, a 7.75 fold spurt over two-week average daily volume of 2.26 lakh shares. The stock rose 5.22% to Rs.1,189.30. Volumes stood at 5.43 lakh shares in the last session.
Revenue from operations rose 4.99% to Rs 827.62 crore in Q4 FY26 as against Rs 788.21 crore Q4 FY25.
Profit before Tax declined by 93.88% to Rs 3.80 crore in Q4 FY26 as against Rs 62.17 crore in Q4 FY25.
The company said the quarter included a certain one-time items, including VRS costs of Rs. 28.1 crores, in line with the company’s long-term strategy to build greater capability, agility, and efficiency across the supply chain.
Additionally, the company recorded a non-cash forex loss of Rs. 22.4 crores on restatement of financial liability towards royalty, owing to sharp currency devaluation arising from the ongoing geopolitical situation.
Gunjan Shah, MD and CEO, Bata India, said, “As India’s most trusted shoes brand, we are pleased to report volume-led growth of 5% over Q4 FY25, supported by broad-based performance across channels. This is the second consecutive quarter of accelerating topline growth, further strengthened by sequential improvement during the quarter. Our continued focus on operational efficiency and disciplined cost management helped us generate strong operating cash flows.
We also continued to invest in demand generation, consumer engagement and brand relevance, with advertising spends increasing by 1.5 times. Our focus on network penetration, premiumisation, disciplined resource allocation and strong execution remained central to driving performance. During the quarter, we continued to scale key strategic initiatives.”
The board of Bata India has recommended a dividend of Rs 9 per share for FY 2025-26, subject to shareholders’ approval. The total dividend payout for the financial year amounts to Rs. 115.68 crore.
For the full year,net profit declined 59.41% to Rs 134.20 crore in the year ended March 2026 as against Rs 330.66 crore during the previous year ended March 2025. Sales rose 0.77% to Rs 3515.50 crore in the year ended March 2026 as against Rs 3488.79 crore during the previous year ended March 2025.
Shares of Bata India shed 0.73% to end at Rs 692.30 on the BSE on Wednesday, 27 May 2026.