Bata India Limited — Audit Report / Information 2025

May 28, 2025

May 28, 2025

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The Manager The Manager The Secretary Corporate Relationship Department Listing Department The Calcutta Stock BSE Limited National Stock Exchange of India Limited Exchange Limited 1[st] Floor, New Trading Wing, Exchange Plaza, 5[th] Floor, 7, Lyons Range, Rotunda Building, Plot No. C-1, Block G, Kolkata - 700001 P J Towers, Dalal Street, Fort, Bandra Kurla Complex, Bandra (E), Mumbai - 400001 Mumbai - 400051 BSE Security Code: 500043 NSE Symbol: BATAINDIA CSE Scrip Code: 10000003

Dear Sir/Madam,

Subject: Outcome of Board Meeting

1. Audited (Standalone and Consolidated) Financial Results along with Auditor's Report thereon for the quarter and financial year ended March 31, 2025

In compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, (as amended) (the “SEBI Listing Regulations”), the Audited (Standalone and Consolidated) Financial Results of Bata India Limited (the “Company”) for the quarter and financial year ended March 31, 2025, were approved at the meeting of the Board of Directors held today, i.e., on May 28, 2025, which commenced at 2.45 P.M. (IST) and concluded at 5.30 P.M. (IST) (the “Meeting”).

In this regard, in compliance with Regulations 30 and 33 of the SEBI Listing Regulations, we enclose herewith the aforesaid Results in the prescribed format alongwith the Auditor's Report containing unmodified opinion as received from the Statutory Auditors of the Company and a declaration with respect to the Audit Reports with unmodified opinion on the aforesaid Results.

2. Dividend, AGM and Record Date

The 92[nd] Annual General Meeting (the “AGM”) of the Members of the Company will be held through Video Conferencing (“VC”) or Other Audio Visual Means (“OAVM”) on Tuesday, August 12, 2025. The Board at the Meeting recommended a Final Dividend of Rs. 9/- (180%) per equity share of Rs. 5/each, fully paid-up of the Company, for the financial year ended March 31, 2025, for approval of the Members at the AGM. The payment of dividend, is subject to approval of the shareholders, at the AGM. The aforesaid final dividend is in addition to the interim dividend of Rs. 10/- (200%) per equity share of Rs. 5/- each, for financial year ended March 31, 2025, which was declared by the Board at its meeting held on August 6, 2024 and paid in September 2024.

Pursuant to Regulation 42 of the SEBI Listing Regulations, the Record Date shall be Friday, August 1, 2025, for the purpose of payment of Final Dividend.

Final Dividend on Equity Shares, if declared, at the AGM will be paid from Monday, August 25, 2025 onwards to those Members who are entitled thereto.

BATA INDIA LIMITED

CIN: L19201WB1931PLC007261

Registered Office: 27B, Camac Street, 1[st] Floor, Kolkata-700016, West Bengal II Tel.: (033) 22895796 II Fax: (033) 22895748 E-mail: in-customer.service@bata.com II Website: www.bata.in

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3. Appointment of Secretarial Auditor

The Board at the Meeting recommended the appointment of M/s. Chandrasekaran Associates (“CACS”) (FRN: P1988DE002500), Company Secretaries to conduct the Secretarial Audit of the Company for a term of 5 (five) consecutive years commencing from April 1, 2025, for approval of the shareholders, at the AGM.

We hereby disclose the following details in this regard:

Sr. No.	Details of Information	Information
1.	Reason for change;	Appointment
2.	Date of appointment / re-appointment / cessation (as applicable) & term of appointment / re-appointment;	Appointed on May 28, 2025, to conduct the Secretarial Audit of the Company, for a term of 5 (five) consecutive years commencing from April 1, 2025, for approval of the shareholders, at the AGM.
3.	Brief profile	CACS is a firm of Company Secretaries, having professional experience spanning over 36+ years, specialising in Secretarial Audit, Due Diligence, Assurance Audit, Corporate Compliance Management, Representation services and Transaction Advisory Services on various matters to reputed and large corporates. CACS holds a valid certificate issued by the Peer Review Board of ICSI.

Other disclosures in terms of the SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, that are not applicable to the above have not been separately commented upon.

The above information shall also be made available on Company’s website www.bata.in

We request you to take the same on record.

Thanking You,

Yours faithfully, For BATA INDIA LIMITED

Digitally signed by

NITIN BAGARIA

NITIN BAGARIA

AVP (Special Projects) - Company Secretary & Compliance Officer

BATA INDIA LIMITED

CIN: L19201WB1931PLC007261

Registered Office: 27B, Camac Street, 1[st] Floor, Kolkata-700016, West Bengal II Tel.: (033) 22895796 II Fax: (033) 22895748 E-mail: in-customer.service@bata.com II Website: www.bata.in

Price Waterhouse Chartered Accountants LLP

INDEPENDENT AUDITOR'S REPORT

ted To the Board of Directors ofBata India Lim

Report on the Audit of Standalone Annu� Financial Results

Opinion

1. We have audited the accompanying standalone annual financial results of Bata India Limited (the "Company'') for the year ended March 31, 2025, the standalone balance sheet as on that date and the standalone statement of cash flows for the year ended on that date (the "standalone financial results'), attached herewith, which are included in the accompanying "Statement of Standalone Audited Financial Results for the quarter and year ended 31st March 2025" (the "Statement") being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the 'Listing Regulations') which has been initialled by us for identification purposes.

2. In our opinion and to the best of our information and according to the explanations given to us, the standalone annual financial results:

• (i) are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and

• (ii) give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian accounting standards prescribed under Section 133 of the Companies Act, 2013 (the "Act") and other accounting principles generally accepted in India, of net profit and other comprehensive income and other financial information of the Company for the year ended March 31, 2025, the standalone balance sheet and standalone statement of cash flows as at and for the year ended on that date.

Basis for Opinion

3. We conducted our audit in accordance with the Standards on Auditing (SAs) specified under Section 143(10) of the Act and other applicable authoritative pronouncements issued by the Institute of Chartered Accountants of India. Our responsibilities under those Standards are further described in the 'Auditor's Responsibilities for the Audit of the Standalone Annual Financial Results' section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the standalone financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our opinion.

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Price Waterhouse Chartered Accountants LLP, Building No. 8, 8th Floor, Tower - B, DLF Cyber City, Gurugram - 122 002 T: +91 (124) 6169910

Registered office and Head office: 11-A, Vishnu Digamber Marg, Sucheta Bhawan, New Delhi - 110002

Price Waterhouse (a Partnership Firm) converted into Price Waterhouse Chartered Accountants LLP (a Limited Liability Partnership with LLP identity no: LLPIN AAC-5001) with effect from July 25, 2014. Post its conversion to Price Waterhouse Chartered Accountants LLP, its tCAt registration number is 012754N/N500016 (tCAI registration number before conversion was 012754N)

INDEPENDENT AUDITOR'S REPORT To the Board of Directors of Bata India Limited Report on the Standalone An ual Financial Results Page 2 of3

Board of Directors' Responsibilities for the Standalone Annual Financial Results

4. These standalone annual financial results have been prepared on the basis of the standalone annual financial statements. The Company's Board of Directors are responsible for the preparation and presentation of these standalone annual financial resu1ts that give a true and fair view of the net profit and other comprehensive income and other financial information of the Company and the standalone balance sheet and the standalone statement of cash flows in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles general y accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Board of Directors of the Company are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the standalone annual financial results by the Directors of the Company, as aforesaid.

5. In preparing the standalone annual financial results, the Board of Directors of the Company are responsible for assessing the ability of the Company to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

6. The Board of Directors of the Company are responsible for overseeing the financial reporting process of the Company.

Auditor's Responsibilities for the Audit of the Standalone Annual Financial Results

7. Our objectives are to obtain reasonable assurance about whether the standalone annual financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the standalone annual financial results.

8. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the standalone annual financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal

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INDEPENDENT AUDITOR'S REPORT To the Board of Directors of Bata India Limited Report on the Standalone Annual Financial Results Page3 of3

financial controls with reference to standalone financial statements in place and the operating effectiveness of such controls.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.

• Conclude on the appropriateness of the Board of Directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Company to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the standalone annual financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the standalone annual financial results, including the disclosures, and whether the standalone annual financial results represent the underlying transactions and events in a manner that achieves fair presentation.

• We communicate with those charged with governance of the Company regarding, among other matters, • the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

• We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, ards.

related safegu

Other Matter

1. The Standalone Annual Financial Results include the results for the quarter ended March 31, 2025 being the balancing figures between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year, which were subject to limited review by us.

For Price Waterhouse Chartered Accountants LLP

<Z:�4�/N500016

Rajib Chatterjee Partner Membership Number: 057134 UDIN: 25057134BMTCOM1659

Place: Gurugram Date: May 28, 2025

	BATA INDIA LIMITED REGD. OFFICE: 27B, CAMAC STREET, 1st FLOOR, KOLKATA 700016 I CIN: Ll9201WB1931PLC007261 Telephone : 033 23014400, Fax: 033 22895748 j E-mail: in-customer serice@bata com; Website: wbata,in Statement of Standalone Audited Financial Results fr the quarter and year ended 31st March 2025 (n Rs. million eept per sl,are data)	BATA INDIA LIMITED REGD. OFFICE: 27B, CAMAC STREET, 1st FLOOR, KOLKATA 700016 I CIN: Ll9201WB1931PLC007261 Telephone : 033 23014400, Fax: 033 22895748 j E-mail: in-customer serice@bata com; Website: wbata,in Statement of Standalone Audited Financial Results fr the quarter and year ended 31st March 2025 (n Rs. million eept per sl,are data)	BATA INDIA LIMITED REGD. OFFICE: 27B, CAMAC STREET, 1st FLOOR, KOLKATA 700016 I CIN: Ll9201WB1931PLC007261 Telephone : 033 23014400, Fax: 033 22895748 j E-mail: in-customer serice@bata com; Website: wbata,in Statement of Standalone Audited Financial Results fr the quarter and year ended 31st March 2025 (n Rs. million eept per sl,are data)	BATA INDIA LIMITED REGD. OFFICE: 27B, CAMAC STREET, 1st FLOOR, KOLKATA 700016 I CIN: Ll9201WB1931PLC007261 Telephone : 033 23014400, Fax: 033 22895748 j E-mail: in-customer serice@bata com; Website: wbata,in Statement of Standalone Audited Financial Results fr the quarter and year ended 31st March 2025 (n Rs. million eept per sl,are data)	BATA INDIA LIMITED REGD. OFFICE: 27B, CAMAC STREET, 1st FLOOR, KOLKATA 700016 I CIN: Ll9201WB1931PLC007261 Telephone : 033 23014400, Fax: 033 22895748 j E-mail: in-customer serice@bata com; Website: wbata,in Statement of Standalone Audited Financial Results fr the quarter and year ended 31st March 2025 (n Rs. million eept per sl,are data)	BATA INDIA LIMITED REGD. OFFICE: 27B, CAMAC STREET, 1st FLOOR, KOLKATA 700016 I CIN: Ll9201WB1931PLC007261 Telephone : 033 23014400, Fax: 033 22895748 j E-mail: in-customer serice@bata com; Website: wbata,in Statement of Standalone Audited Financial Results fr the quarter and year ended 31st March 2025 (n Rs. million eept per sl,are data)
S.No.	Paricular	Quarer ended 31st March 2025 (refer note 5)	Quinter ended 31st December 2024	Quarer ended Year ended Year ended 31st Marth 2024 3lsl Marth 2025 31st March 2024 (refer note S) Audited Audited Audited 7,976.74 34,880.26 34.784 13 220 12 6S0.92 614 7]
		Audited	Unaudited	Audited 7,976.74 220 12
I	a Revenue from operations b **Other income **	7.877 70 22114	9,184,78 97 20
	Total Income	8,098.84	9,281.98	8,196.86	35.531.18 35,398.86
2 3 4	Expenses a Cost of raw materials and componen1s conumed b Purchases of slack-in-trade C Changes in inventories of finished goods, stock-in-trade and work-in-progress d Employee benefts expense e Finance costs f Depreciation and amortisation expense g Olher exenes	571.55 3,222 4] (476.66) 1,243,12 347 59 1,036 95 1.558,63	733,2] 2,426.83 868 86 l,0]2.34 JI 1.14 901.45 2.133.02	592 9] 3,169 90 (573,17) 1,051,6 ]09,20 901.93 1,941 94	2,568 98 11,510 48 1,171.19 4,616 23 1,284 39 3,711 81 7,662 ]7	2,301.52 12.979 6S (3]6 59) 4,18256 1,167 92 3,386.14 7.822 34
	Total Expnses	7,503.61 8.406.87		7,394,09	32,525.45	31.503,54
	Prult bdo� nttptional items and lax f1•2)	595.23 875.11 - 107 84 - 595.23 767.27		802.77	3,005.73	3.895.32
	Eueprional items • Expense towards VS (refer note 4) • Gin on sale of land (net of related exenses) (refer note 6)			. .	107.84 (1.]39 521	409 00 -
5	Proft befor tas(�)			802.77	4,237.41	3,486.32 1,013.31 (126 24) 887.07
6	Tax upense Curent tax Deferred ta (credit)/charne	205 00 (45.28)	249 00 _(63_40)	181.44 18 48	1.108.07 (155 15)
7	Total tax exoense	159.12	185.60	199.92	952.92
8	Proft fr the oerod/ vear (�7)	435.51	581.67 (5 31) 1 34	602.85 39,22 (9 87)	3,284.49 2.4 (0 59)	2.599.25 (4 23) 1.07
9	Other comprehensive income (i) Items that -ill not be reclassified to proft or loss {\ lncam ta.' rcl11U\i ta itemsthat vll notb rcclMled lo profi1orJo.S	18 27 _(4 _60)
	Olhcr comnrchensh" inconat ftr 1he Iriodbi•r 1r. net or11 Total comprehensive income fr theprod/year(8+9}	13.&l	**(3.97) **	2'.'�	1.75 (J,161
		449.18	577.70 632.20 642 64 642.64		3,286.24 2.596.09
	Paid up equity share tapital (Face value of Rs. 5/� eath) Other equity	642 64		642.64	642 64 15.015 95	62 64 14,557.32
	Earings per equity share or Rs.SI- each			4.69 25.55		20-22
	Baic and Diluted (not annualised except for yearly f,ures) (Rs )	3.39	4..3

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Stnndalooc Balance Sheet as at 31st March 2025

	(In Rs. million) As at As at 31st March 2025 31st March 2024 Audited Audited 3,200.18 3,264.97 144.86 15.65 2,674.77 268.93 - 21.57 12,109.34 11,519.16 53.51 48.51 1,057.04 1,284.26 1,421.88 1,266.73 240 22 155.33 135.86 115.23	(In Rs. million) As at As at 31st March 2025 31st March 2024 Audited Audited 3,200.18 3,264.97 144.86 15.65 2,674.77 268.93 - 21.57 12,109.34 11,519.16 53.51 48.51 1,057.04 1,284.26 1,421.88 1,266.73 240 22 155.33 135.86 115.23	(In Rs. million) As at As at 31st March 2025 31st March 2024 Audited Audited 3,200.18 3,264.97 144.86 15.65 2,674.77 268.93 - 21.57 12,109.34 11,519.16 53.51 48.51 1,057.04 1,284.26 1,421.88 1,266.73 240 22 155.33 135.86 115.23
	As at 31st March 2025 Audited		As at 31st March 2 Audited
Assets Non-current assets Property, plat and equipment Capital work-in-progress Intagible assets Intangible assets under development Right-of-use assets Financial assets (i) Investments		3,200.18 144.86 2,674.77 - 12,109.34 53.51	1
(ii) Other financial assets Deferred tax assets (net) Current tax assets (net) Other non-curent assets Total non-current assets Current assets Inventories Financial assets (i) Trade receivables (ii) Cash and cash equivalents (iii) Bank balances other than (ii) above (iv) Other financial assets Other current assets Assets classified as held for sale Total current assets Total assets Equity and liabilities Equity Equity share capital Other equity Total equity Liabilities Non-current liabilities Financial liabilities (i) Lease liabilities (ii) Other financial liabilities Total non-current liabilities Current liabilities Financial liabilities (i) Lease liabilities (ii) Trade payables (a) total outstanding dues of micro enterprises and small enterprises (b) total outstanding dues of creditors other than (ii)(a) above (iii) Other financial liabilities Provisions Oter current liabilities Total current liabilities Total liabilities Total equity and liabilities
		21,037.66 8,150.57 1,115.45 2,001.22 4,237.74 688.60 904.85	17,960.34 9,293.24 801 13 490.77 3,538.57 363.39 752.91
		17,098.43 -	15,240.01 195.79
		17,098.43 38,136.09 642.64 15.015.95 15,658.59 11,051.34 2,047.94	15,435.80 33,396.14 642.64 14,557.32
			15,199.96 10,813.78 46.91
		13,099.28 3,413.17 892.76 2,599.67 1,492.06 295.48 685.08	10,860.69 2,739.29 780.94 2,203.30 1,011.08 139.82 461.06
		9,378.22	7,335.49
		22,477.50	18,196.18
		38,136.09	33,396.14

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Stnndclon� Statement or Cash Flows ror the year ended 31st March 2025 (lo Rs. million) ~~I~~ For the year ended~~I~~ For the year ended 31st March2025 31st March 2024 I Audited ~~I~~ Audited A Cash fows from operating activities: I Proft before tax 4,237.41 3,486.32 2 Adjustments for : Depreciation and amortisation expense 3,711 81 3,386 14 Loss on sale/ disposal of property, plant and equipment (net) 53 21 19 II Allowance for doubtful debts and other financial assets I 15 610 Finance costs 1,284_39 1,167.92 Bad debts written off 2.94 Gain on remeasurement ofleases (89.62) (99.04) Allowance for loan and olher fina.nci.sl assets in subsicliary (net ofrever.als) (5 03) 26,94 Gain on sale ofland (net of related expenses) (1,339 52) . Net exchange diferences (unrealised) (2.08) (6,50) Finance income (556 89) (466,95) 3 Operating cash nows before changes in operating assets and liabilities (1+2) 7,294.83 7,522.98 4 Change in operating assets and liabilities: (Increase)/Decrease in trade receivables (296 92) 50 64 Decrease/(lncrease) in inventories 1,142 67 (250.66) 1ncrease in other current assets (15L94) (179.74) 1ncrease in other curent fnacial asset (282 14) (51 16) Increase in other non-current assets (32.68) (40.88) Decrease/(Increase) in other non-current fnancial assets 201 12 (93.12) Increase/(Decrease) in other curent liabilities 224 0l (17054) Increase/(Decrease) in trade payables 509.78 (1,097.88) Increase in provisions 158 00 59 65 Decrease in other financial liabilities (194 30} (214.09) Changes in operating assets an<l liabilities 1,277.60 (1,987.78) 5 Cash generated fom operations (3+4) 8,572.43 5,535.20 6 Less : Taxes paid [net of tax refnd) (1,193 55) (946,85) 7 Net cash innow from operating activities (5+6) 7,378.88 4,588.35 B Cash nows from im.esting 1cth·ities; Purchase of property, plant and equipment and intangible assets (725 97) (1,008 06) Proceeds from sale of propery, plant and equipment and assets held fr sale 15.59 30.1 l Proceeds from sale of assets held for sale (net of related expenses) 1,535 3 I Loan to related party . (25 00) Repayment of loan by related party 8 31 4 00 Investments in bank deposits (having original maturity of more than three months} (6,500 86) (5,257 92) Investments in government bonds (5 00) . Proceeds from redemption of bank deposits (having original maturity of more than three months) 5,809 56 6,200 75 Interest received 373 83 386 05 Net cash innow from investing activities 510.77 329.93 C Cash fows fom fnancing activities: Dividends paid (including amount transferred to Investor Education and Protection Fund) (2,819.45) (1,730 97) Payment of lease liabililies -Principal elements oflease payments (2,306.00) (2,286 52) - Interest paid on lease liabilities (1,226 37) (1,140.28) Payment of liability towards license rights -Principal elements (19 29) (l I 06) - Interest paid (8.09) (4.15) Net cash outfow fom fnancing activities (6,379.20) (5,172.98) D Net increase/(decrease) in cash and cash equh,·alents (A+B+C) 1,510.45 (254.70) El Cah and cash equivalents at the beginning of the year 490 77 745.7 El Cash and cash equivalents at the end of the year 2,001 22 490 77 Net change in cash and cash equivalents (E2-El) 1,510.45 (254.70) Note: The above standalone statement of cash fows has been prepared under the "indirect method" as set out in Indian Accounting Standard- 7,11Statemenl of Cash Flows"_	Stnndclon� Statement or Cash Flows ror the year ended 31st March 2025 (lo Rs. million) ~~I~~ For the year ended~~I~~ For the year ended 31st March2025 31st March 2024 I Audited ~~I~~ Audited A Cash fows from operating activities: I Proft before tax 4,237.41 3,486.32 2 Adjustments for : Depreciation and amortisation expense 3,711 81 3,386 14 Loss on sale/ disposal of property, plant and equipment (net) 53 21 19 II Allowance for doubtful debts and other financial assets I 15 610 Finance costs 1,284_39 1,167.92 Bad debts written off 2.94 Gain on remeasurement ofleases (89.62) (99.04) Allowance for loan and olher fina.nci.sl assets in subsicliary (net ofrever.als) (5 03) 26,94 Gain on sale ofland (net of related expenses) (1,339 52) . Net exchange diferences (unrealised) (2.08) (6,50) Finance income (556 89) (466,95) 3 Operating cash nows before changes in operating assets and liabilities (1+2) 7,294.83 7,522.98 4 Change in operating assets and liabilities: (Increase)/Decrease in trade receivables (296 92) 50 64 Decrease/(lncrease) in inventories 1,142 67 (250.66) 1ncrease in other current assets (15L94) (179.74) 1ncrease in other curent fnacial asset (282 14) (51 16) Increase in other non-current assets (32.68) (40.88) Decrease/(Increase) in other non-current fnancial assets 201 12 (93.12) Increase/(Decrease) in other curent liabilities 224 0l (17054) Increase/(Decrease) in trade payables 509.78 (1,097.88) Increase in provisions 158 00 59 65 Decrease in other financial liabilities (194 30} (214.09) Changes in operating assets an<l liabilities 1,277.60 (1,987.78) 5 Cash generated fom operations (3+4) 8,572.43 5,535.20 6 Less : Taxes paid [net of tax refnd) (1,193 55) (946,85) 7 Net cash innow from operating activities (5+6) 7,378.88 4,588.35 B Cash nows from im.esting 1cth·ities; Purchase of property, plant and equipment and intangible assets (725 97) (1,008 06) Proceeds from sale of propery, plant and equipment and assets held fr sale 15.59 30.1 l Proceeds from sale of assets held for sale (net of related expenses) 1,535 3 I Loan to related party . (25 00) Repayment of loan by related party 8 31 4 00 Investments in bank deposits (having original maturity of more than three months} (6,500 86) (5,257 92) Investments in government bonds (5 00) . Proceeds from redemption of bank deposits (having original maturity of more than three months) 5,809 56 6,200 75 Interest received 373 83 386 05 Net cash innow from investing activities 510.77 329.93 C Cash fows fom fnancing activities: Dividends paid (including amount transferred to Investor Education and Protection Fund) (2,819.45) (1,730 97) Payment of lease liabililies -Principal elements oflease payments (2,306.00) (2,286 52) - Interest paid on lease liabilities (1,226 37) (1,140.28) Payment of liability towards license rights -Principal elements (19 29) (l I 06) - Interest paid (8.09) (4.15) Net cash outfow fom fnancing activities (6,379.20) (5,172.98) D Net increase/(decrease) in cash and cash equh,·alents (A+B+C) 1,510.45 (254.70) El Cah and cash equivalents at the beginning of the year 490 77 745.7 El Cash and cash equivalents at the end of the year 2,001 22 490 77 Net change in cash and cash equivalents (E2-El) 1,510.45 (254.70) Note: The above standalone statement of cash fows has been prepared under the "indirect method" as set out in Indian Accounting Standard- 7,11Statemenl of Cash Flows"_		(lo Rs. million)
	~~I~~ For the year ended~~I~~ For the year ended 31st March2025 31st March 2024 I Audited ~~I~~ Audited Cash fows from operating activities: Proft before tax 4,237.41 3,486.32 Adjustments for : Depreciation and amortisation expense 3,711 81 3,386 14 Loss on sale/ disposal of property, plant and equipment (net) 53 21 19 II Allowance for doubtful debts and other financial assets I 15 610 Finance costs 1,284_39 1,167.92 Bad debts written off 2.94 Gain on remeasurement ofleases (89.62) (99.04) Allowance for loan and olher fina.nci.sl assets in subsicliary (net ofrever.als) (5 03) 26,94 Gain on sale ofland (net of related expenses) (1,339 52) . Net exchange diferences (unrealised) (2.08) (6,50) Finance income (556 89) (466,95) Operating cash nows before changes in operating assets and liabilities (1+2) 7,294.83 7,522.98 Change in operating assets and liabilities: (Increase)/Decrease in trade receivables (296 92) 50 64 Decrease/(lncrease) in inventories 1,142 67 (250.66) 1ncrease in other current assets (15L94) (179.74) 1ncrease in other curent fnacial asset (282 14) (51 16) Increase in other non-current assets (32.68) (40.88) Decrease/(Increase) in other non-current fnancial assets 201 12 (93.12) Increase/(Decrease) in other curent liabilities 224 0l (17054) Increase/(Decrease) in trade payables 509.78 (1,097.88) Increase in provisions 158 00 59 65 Decrease in other financial liabilities (194 30} (214.09) Changes in operating assets an<l liabilities 1,277.60 (1,987.78) Cash generated fom operations (3+4) 8,572.43 5,535.20 Less : Taxes paid [net of tax refnd) (1,193 55) (946,85) Net cash innow from operating activities (5+6) 7,378.88 4,588.35 Cash nows from im.esting 1cth·ities; Purchase of property, plant and equipment and intangible assets (725 97) (1,008 06) Proceeds from sale of propery, plant and equipment and assets held fr sale 15.59 30.1 l Proceeds from sale of assets held for sale (net of related expenses) 1,535 3 I Loan to related party . (25 00) Repayment of loan by related party 8 31 4 00 Investments in bank deposits (having original maturity of more than three months} (6,500 86) (5,257 92) Investments in government bonds (5 00) . Proceeds from redemption of bank deposits (having original maturity of more than three months) 5,809 56 6,200 75 Interest received 373 83 386 05 Net cash innow from investing activities 510.77 329.93 Cash fows fom fnancing activities: Dividends paid (including amount transferred to Investor Education and Protection Fund) (2,819.45) (1,730 97) Payment of lease liabililies -Principal elements oflease payments (2,306.00) (2,286 52) - Interest paid on lease liabilities (1,226 37) (1,140.28) Payment of liability towards license rights -Principal elements (19 29) (l I 06) - Interest paid (8.09) (4.15) Net cash outfow fom fnancing activities (6,379.20) (5,172.98) Net increase/(decrease) in cash and cash equh,·alents (A+B+C) 1,510.45 (254.70) Cah and cash equivalents at the beginning of the year 490 77 745.7 Cash and cash equivalents at the end of the year 2,001 22 490 77 Net change in cash and cash equivalents (E2-El) 1,510.45 (254.70) : The above standalone statement of cash fows has been prepared under the "indirect method" as set out in Indian Accounting Standard- 7,11Statemenl of Cash Flows"_	~~I~~ I	For the year ended~~I~~ For the year ended 31st March2025 31st March 2024
			Audited ~~I~~ Audited
A I 2 3 4 5 6 7 B C D El El Note			4,237.41 3,486.32 3,711 81 3,386 14 53 21 19 II I 15 610 1,284_39 1,167.92 2.94 (89.62) (99.04) (5 03) 26,94 (1,339 52) . (2.08) (6,50) (556 89) (466,95)
			7,294.83 7,522.98 (296 92) 50 64 1,142 67 (250.66) (15L94) (179.74) (282 14) (51 16) (32.68) (40.88) 201 12 (93.12) 224 0l (17054) 509.78 (1,097.88) 158 00 59 65 (194 30} (214.09)
			1,277.60 (1,987.78) 8,572.43 5,535.20 (1,193 55) (946,85)
			7,378.88 4,588.35
			(725 97) (1,008 06) 15.59 30.1 l 1,535 3 I . (25 00) 8 31 4 00 (6,500 86) (5,257 92) (5 00) . 5,809 56 6,200 75 373 83 386 05
			510.77 329.93
			(2,819.45) (1,730 97) (2,306.00) (2,286 52) (1,226 37) (1,140.28) (19 29) (l I 06) (8.09) (4.15) (6,379.20) (5,172.98)
			1,510.45 (254.70) 490 77 745.7 2,001 22 490 77

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			(In Rs. million
	As at		As at
	31s1 March	2025	31s1 March 2024
For the purpose of above standalone statement or cash nows, cash and cash equivalents comprise of the following:
Bolonoc• with banks
- In current accounts		74 40	42S,O7
- Deposits with original maturity of less than 3 months		1,840 00
Cash on hand		86,82	62.70
Tow I cash and cash equivalents		2,001.22	490.77
Non- cash investing activities:
• Acquisiton of right-of-use assets • Acquisiton of license rights		3,635 20 2,577 95	3,88114 170.G

Ste- accompanying notes to the standalone financial resulls. No•

• The Statement of StandaJone Audited Financial Results for the quarter and year ended 31st March 2025, StandaJone Balance Sheet as at 31st March 2025 and Standalone Suucrm-nl of Cash Flows for the year ended 31st March 2025 (collectively referred to as "standalone financial results") were reviewed by the Audit Committee and thereafter approved by lhc Board of Directors at their respective meetings held on 28th May 2025 These standalone financial results have been prepared in conformity with Indian Accounting Standards f[1] Ind AS') prescribed under Section 133 of the Companies Act, 2013 read together with the Companies (Indian Accounting Standards) Rules, 2015 (as amended) and in terms ol Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended

2 The Company operates in a single business segment, i,e , Footwear and Accessories During the year ended 31st March 2025, the Board of Directors of the Company in its meeting held on 29th May 2024, had recommended a final dividend of Rs. I 2 00 per �hmci (240% on an equity share of par value of Rs 5/- each) which was approved at the A ual General Meeting held on 7th August 2024 and was paid in August 2024� Further, an in1r:r1m dividend of Rs l O 00 per share (200% on an equity share of par value of Rs 5/- each) was approved at the Board Meeting held on 6th August 2024 and paid in September 2024

Subsequent to the year ended 31st March 2025, the Board of Directors of the Company in its meeting held on 28th May 2025, have recommended a final dividend of Rs. 9.00 par share (180% on an equity share of par value of Rs. 5/- each) The payment of final dividend is subject to approval of the shareholders at the ensuing Annual General Meeting oflht Company

• 4 During the year ended 31st March 2024, a scheme for voluntary retirement (VRS) was introduced by the Company at one manufacturing unit and Rs 409.00 million was incurred ror the same and was disclosed as an exceptional item Further, during the year ended 31st March 2025, another scheme for voluntary retirement was introduced at n.norhtr manufacturing unit and Rs 107 ,84 million was incurred for the same and is disclosed as an exceplional item 10

• The figures for the quarters ended 31st March 2025 and 31st March 2024 are ba1ancing figures between audited figures in respect of the full financial year and the published year date figures upto 31st December 2024 and 31st December 2023, respectively. Also, the figures upto the end of third quarter of the financial years were only reviewed and 001 subjected to audit

• 6 During the year ended 31st March 2025, the Board of Directors of the Company approved the sale oflhe freehold industrial land to an unrelated party for a consideration orR.: 1,560.00 million. The sale deed has been executed and the total consideration also received on the same date There is a galn on sale of aforesaid land (net of related expenses) o(Rt 1,339 52 million which has been disclosed as an exceptional item mor

• The report of statutory auditors is being filed with National Stock Exchange of India Limited, BSE Limited and The Calcutta Stock Exchange Limited For financial results, please visit Investor Relations section of our website: www.bata,in and audited financial results at Corporate section ofwww.nseindia com, '-V\Y·w.b. W\'W cse-india com

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�..r-->
Place: Gurugram �_,:...-� Amit Aggarwal
Date: 28th May 2025 Director Finance & CFO
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Price Waterhouse Chartered Accountants LLP

INDEPENDENT AUDITOR'S REPORT

To the Board of Directors of Bata India Limited

Report on the Audit of Consolidated Annual Financial Results

Opinion

1. We have audited th accompanying on olidated annual financial results of Bata Indi Limi ed (th� "Holding Company") and its ubsidiarie (H lding Company and its subsidiaries together re rred t as "the Group") (refer note 1 to the consolidated annual financial results) for the year ended March 31, 2025, the consolidated balance sheet as on that date and the consolid, ted tatement of cash flows for the year ended on that date (the "consolidated financial results"), attached herewith, which are included in the accompanying "Statement of Consolidated Audited Financial Results for th quarter and year ended 31st March 2025" (the "Statement') being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Ob1igations and Di closure Requirements) Regulations, 2015, as amended ('Listing Regulations') which has been initialled by us for identification purposes.

2. In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of reports of other auditors on separate audited financial statements of the subsidiaries, the aforesaid consolidated annual financial results:

3. (i) include the annual financial results of the following entities:

   • a. Bata llldia Limited (Holding Company) b. Bata Properties Limited (Sub idiary Company)

   • c. Way Finders Brands Limited (Subsidiary Company)

4. (ii) are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and

5. (iii) give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian accounting standards prescribed under Section 133 of the Companies Act 2013 (the "Act ') and other accounting principl.es generally accepted in India, of net profit and other comprehensive income and other financial information of the Group for the year ended March 31, 2025 and the consolidated balance sheet and the consolidated staternen of cash flows as at and for the year ended on that date.

Basis for Opinion

1. We conducted our audit in accordance with the Standards on Auditing (SAs) specified under Section 143(10) of the Act and other applicable authoritative pronouncements issued by the Institute of Chartered Accountants of India. Our responsibilities under those Standards are further described in the 'Auditor's Responsibilities for the Audit of the Consolidated Annual Financial Results' section of our report. We are independent of the Group in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us and other auditors in terms of their reports referred to in "Other Matter" paragraph below, is sufficient and appropriate to provide a basis for our opinion.

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Price Waterhouse Chartered Accountants LLP, Building No. 8, 8th Floor, Tower - B, DLF Cyber City, Gurugram - 122 002 T: +91 (124) 6169910

Registered office and Head office: 11-A, Vishnu Digamber Marg, Sucheta Bhawan, New Delhi - 110002

Price Waterhouse (a Partnership Firm) converted into Price Waterhouse Chartered Accountants LLP (a Limited Liability Partnership with LLP identity no: LLPIN AAC-5001) with effect from July 25, 2014. Post its conversion to Price Waterhouse Chartered Accountants LLP, its ICAI registration number is 012754N/N500016 (ICAI registration number before conversion was 012754N)

INDEPENDENT AUDITOR'S REPORT To the Board of Directors of Bata India Limited Report on the Consolidated Annual Financial Results Page 2 of 4

Board of Directors' Responsibilities for the Consolidated Annual Financial Results

1. These Consolidated annual financial results have been prepared on the basis of the consolidated financial statements. The Holding Company's Board of Directors are responsible for the preparation and presentation of these consolidated annual financial results that give a true and fair view of the net profit and other comprehensive income and other financial information of the Group and the consolidated balance sheet and the consolidated statement of cash flows in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards prescribed under Section 133 of the h tread with relevant rules i sued thereunder and other accountfag principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Board of Directors of the companies included in the Group are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Group and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the consolidated financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the consolidated annual financial results by the Directors of the Holding Company, as aforesaid.

2. In preparing the consolidated financial results, the respective Board of Directors of the companies included in the Group are responsible for assessing the ability of the Group to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.

3. The respective Board of Directors of the companies included in the Group are responsible for overseeing the financial reporting process of the Group.

Auditors' Responsibilities for the Audit of the Consolidated Annual Financial Results

• 7[.] Our objectives are to obtain reasonable assurance about whether the consolidated annual financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated annual financial results.

• As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the consolidated annual financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

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INDEPENDENT AUDITOR'S REPORT

To the Board of Directors of Bata India Limited Report on the Consolidated Annual Financial Results Page3 of 4

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Holding Company has adequate internal financial controls with reference to consolidated financial statements in place and the operating effectiveness of such controls.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.

• Conclude on the appropriateness of the Board of Directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated annual financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated annual financial results, including the disclosures, and whether the consolidated annual financial results represent the underlying transactions and events in a manner that achieves fair presentation.

• Obtain sufficient appropriate audit evidence regarding the financial statements of the entities within the Group to express an opinion on the Consolidated Annual Financial Results. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the consolidated annual financial results of which we are the independent auditors. For the other entities included in the consolidated annual financial results, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.

• We communicate with those charged with governance of the Holding Company and such other entities included in the consolidated annual financial results of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

10. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

11. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable.

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INDEPENDENT AUDITOR'S REPORT To the Board of Directors of Bata India Limited Report on the Consolidated Annual Financial Results Page 4of 4

Other Matter

1. The financial statements of two subsidiaries included in the consolidated annual financial results, reflect total assets of Rs. 149.07 million and net assets of Rs. 92.95 million as at March 31, 2025, total revenue of Rs. 36.96 million and Rs. 3.32 million, total net profit after tax of Rs. 19.89 million and Rs. 23.11 million and total comprehensive income (comprising profit and other comprehensive income) of Rs. 19.89 million and Rs. 23.11 million for the year ended March 31, 2025 and for the period from January 1, 2025 to March 31, 2025 respectively, and cash inflows (net) of Rs. 17.81 million for the year ended on March 31, 2025, as considered in the consolidated a ual :financial results. The :financial statements of these subsidiaries have been audited by other auditors whose reports have been furnished to us by the Holding Company's Management, and our opinion on the consolidated annual :financial results, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based on the reports of the other auditors and the procedures performed by us as stated in paragraph 11 above.

Our opinion on the Consolidated A ual Financial Results is not modified in respect of the above matter with respect to our reliance on the wo_rk done and the reports of the other auditors.

1. The consolidated annual financial results include the results for the quarter ended March 31, 2025 being the balancing figures between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year which were subject to limited review b us.

For Price Waterhouse Chartered Accountants LLP R g· t at' Number: 012754N/N500016 � - ½ �

Rajib Chatterjee Partner Membership Number: 057134 UDIN: 25057134BMTCON3753

Place: Gurugram Date: May 28, 2025

-

BATA INDIA LIMITED

REGD. OFFICE: 27B, CAMAC STREET, 1st FLOOR, KOLKATA 700016 I CIN: Ll9201WB1931PLC007261 Telephone: 033 23014400, Fax: 033 22895748 I E-mail: in-customer.service@bata,com; Website: www.bata in

Statement of Consolidated Audited Financial Results for the quarter and year ended 31st March 2025

			(n R. mi/iou ecept per share data)	(n R. mi/iou ecept per share data)	(n R. mi/iou ecept per share data)	(n R. mi/iou ecept per share data)	(n R. mi/iou ecept per share data)	(n R. mi/iou ecept per share data)	(n R. mi/iou ecept per share data)
S,No	• b	Pariculars	Quarter ended 31st March 2025 (refer note 6)			Quarer ended 31st December 2024	Quarter ended 31st March 2024 (refer note 6)	Year ended 31st March 2025	Year ended 31st March 2024 Audited
			Audited			Unaudilcd	Audilcd	Aud.ld
		Re, cnuc fom opcrntions **Other income **	7,SS2 14 295 8.105-09			9,187 94 98 64	7.978 71 218.95	34.88786 J 786 10 655.79 617-17
I	To	u1I fncomr				9.1&6.58	8,197.66	l5�J.6S 35.403.27
	Eipenses • Cost of raw materials and components consumed b P1cMsof soJ . in.:c C Changes in im·enlorics of fnished goods. slock-in-tradc ;nd work-in-progess d Employee bcncfls c;i cnse e Finance costs f Depreciation and amortisation e;-pcnsc g Orer expenses		577.29 J.222 43 (476 60) 1,24) 12 347.9 1,037 01 **1.53246 **			734.30 2 426 83 864,26 1,034 27 311 14 901 79 2.133. !G	623� J I 12 23 (554 92) 1,066 ll 309 64 902 93 J.908 73	2,597.2 2.439.lf, 11,481 08 12 810 )4 1.165 68 (327 23) 4,623 69 4,199.64 1,284 75 1,170 05 3,713 01 3,390 81 7.645 9) 7,805.18
2	Total Eioenses			7,483.3	0	**B.405.69 **	7,368.37	3l.511.5 31,487.95 3.032.0, 3.915.32 107.84 409.00 (1.339 52) 4,263.77 3.506.32
3	Proft before excentional items and tax 0-2)			621.7	9	880.89 107 84	**829.29 **
4	Exceptional items - Expense IO\ ards VRS (rcrer note 4) • Gain on sDlc ofl:d (ncl of rcl.led c;l}nses) (refer nolc 7)				.
5	Proft before lax (l-4)			**621.7 **	9	773.05	829,.9
6	Tax upensc Curcnl la.' **Dcfcrrtd tax (crcdilVcharcc **			207 9 (45.2	2 **8) **	249,46 (6340)	181,50 1,11236 1,014 6) 1130 (155 15) (133 42)
7	Total ta: expense			162. **459. **	64	186,0<	192.80 957.21		l .2J
8	Pro lt for the period/ vear (> 7)				15	56.99 (5.1) 1.34 (3.971	6A. J.0.5		2,625.11
9	Other comprehensive income (j) llcms thal will nol be recla ifed lo proft or loss (ii) Income Lax relating lo items that will nolbc reclassifed 10 orofl or loss Other comprehensive income for the neriod/vear, net or ta			18.7 (4,60) **l..67 **			39 2l 2.34 (9 87) (0 59) 29.35 J.75		(4 23) 1.07 (3.16)
	Total comnrehensive income fr the neriod/vear l8+9)			472,82		**583.02 **	665.84 3,308.31		2,621.95
	Paid up equity share capital (Fare value of Rs. S/- each) Other equity			642 64 642 64 642 64 642 64 15.IU6.01					642 64 14,626.2Q
	Earnings per equity share or Rs. 5/- earh
	Basic and Diluled (nol annualised excc.l forvrlvfrcs) (Rs.)			3.S7 �.;1 4.95 25,73 10.Jl

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Consolidu1cd Balance Sheet as at 31st March 2025

Consolidu1cd Balance Sheet as at 31st March 2025
	{In Rs. million) As at As at 31st March 2025 31st March 2024
	Audited Audited 3,210.88 3,279.12 144.86 15,65 2,674.77 268,93 - 21.57 12,109.34 11,539 02 10 00 5.00 1,066.05 1,325.46 1,421.88 1,266 73 238.49 155.63 135.86 115.23 21,012.13 17,992.34 8,146.72 9,295.50
Assets Non-current assets Property, plant and equipment Capital work-in-progess Intagible assets Intangible assets under development Right-of-use assets Financial assets (i) Investents (ii) Other financial assets Defred tax assets (net) Current tax assets (net) Other non-current assets Total non-current assets Current assets Inventories Financial assets
(i) Trade receivables (ii) Cash and cash equivalents (iii) Bank balances other than (ii) above (iv) Other financial assets Other curent assets Assets classified as held fr sale Total current assets Total assets Equity and liabilities Equity Equity sl1are capital Other equity Total equity Liabilities Non-current liabilities Financial liabilities (i) Lease liabilities (ii) Other financial liabilities Total non-current liabilities Current liabilities Financial liabilities (i) Lease liabilities (ii) Trade payables (a) total outstanding dues of micro enterprises and small enterrises (b) total outstanding dues of creditors other than (ii)(a) above (iii) Other financial liabilities Provisions Other current liabilities Total current liabilities Total liabilities Total equitv and liabilities		1,117 63 2,029.30 4,315 16 692.34 915.16		801.2 501.04 3,578.62 366.82 766.19
		17,216.31 .		15,309.49 195.79
		17,216.31		15,505.28
		38,228.44 642 64 15,106 01 15,748.65		33,497.62
				642.64 14,626.29 15,268.93
		11,051.34 2,047.94		10,829,22 46.91
		13,099.28 3,413.17 890.38 2,604.20 1,492.04 295.48 685.24		10,876.13 2,743.72 762.59 2,234.23 1,011,08 139.82 461.12
		9,380.51		7,352.56
		22,479.79		18,228.69
		38,228.44		33,497.62

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Consolid:t1c-d Statement of Cash Flows ror the year ended 31st March 2025

Consolid:t1c Statement of Cash Flows rr the year ended 31st March 2025
		(111Rs.mll1!011} For the year ended~~I~~ For the year ended 31st March2025 31st March 2024
A Cash fows fom operating activities: I Prolit before tax 2 Adjustments for : Depreciation and amortisation expense Loss on sale/ disposal of property, plant and equipment (net) Allowance for doubtful debts and other financial assets Finance costs Bad debts vinen off Gain on remeasurement of leases Gain on sale of land (net ofrelaLed expenses) Net exchange diferences (unrealised) Finance income 3 Operating cash fows before changes in operating assets and liabilities (1+2) 4 Change in operating assets and liabilities: (Increase)/Decrease in trade receivables Decrease/(lncrease) in inventories Increase in other current assets Increase in other current fnancial assets Increase in other non-current assets Decrease/(lncrease) in other non-current fnancial assets Increase/(Decrease) in other current liabililies Increase/(Decrease) in trade payables Increase in provisions Decrease in other fnancial liabilities Changes in operating assets and liabililies 5 Cash generated from operations (3+4) 6 Less: Taxes paid [net of tax refnd) 7 Net c:sh in0ow from operating activilics (5+6) B Cash fows from investing ucth ities: Purchase of property. plat and equipment and intangible assets Proceeds from sale of property, plant and equipment Proceeds from sale of assets held fr sale (net ofrelated expenses) Investments in bank deposits (having original maturity of more than three months) Investments in government bonds Proceeds from redemption of bank deposits (having original maturity of more than three months) Interest received Net cnsh in now from im·esting activities C Cash nows from fnancing aclivilies: Dividends paid (including amount transferred to Inveslor Education and Protection Fund) Payment of lease liabilities -Principal elements of lease payments - Interest paid on lease liabilities Payment of liability towards license rights -Principal elements - Interest paid Net cash outfow from financing activities D Net increase/(decrease) in cash and cash equhralents (A+B+C) El Cash and cash equivalents at the beginning of the year E2 Cash and cash equivalents at the end of the year Net change in cash and cash equivalents (E2-El)		I Audited ~~I~~ Audited 4,263.77 3,506.32 3,713.01 3,390.81 28 84 19 II 1 15 6 10 1,284 75 1,170 05 - 2 94 (89 62) (99 04) (1,339.52) (2.08) (6 50) (560.2) (469.39} 7,299.88 7,520.40 (298 92) 50 46 1.148.78 (249.96) (148 97) (192 25) (282 34) (4981) (32 68) (40.88) 201.12 (143 30) 224.12 (170.57) 499.34 (1,090,05) 158.00 59 65 (194 30) (214 07)
		1,274.15 (2,040.78) 8,574.03 5,479.62 {1,195 82) (948,52)
		i,3i8.21 4,531.10
		(725 98) (1,009.04) 43 08 30 12 1,535.3 I . (6,504 24) (5,257,92) (5 00) . 5,807.77 6,249.9 379 56 390 80
		530.50 403,55 (2.819 45) {1,730 97) (2,306 90) (2,29088) (1,226 72) {1,142.42) (19 29) (1 l 06) (8 09) (4,15)
		(6,380.4	5) (5,179.48)
		1,528.2 501 0 2,029 3 I ,528.2	6 (244.83) 4 745.87 0 50104 6 (244.83)

Nore: The above consolidated statement of cash flo.VS has been prepared under the "indirect method" as sci ouf in Indian Accounting Standard- 7, "Statement of Cash Flows"

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In Rs. million
As at As at
31st Morch 2025 31st Morch 2024
For the purpose or above consolidated statement of cash flows, cash and cash equivalents comprise of the following:
Balances with banks
- In current accounts 102 48 438 34
- Deposits with original maturity ofless than 3 months 1,840 00
Cash on hand 86,82 62 70
Total cash and cash equivalents 2,029.30 501.04
Non- cash investing acth·ities:
- Acquisiton of right-of�1se assets 3,635 20 3,890 94
- Acquisiton of license rights 2,577.95 170.60
tt accompanying notes to the consolidated financial results.
, otu:
The consolid:itcd financial results include results of Bata India Limited (the Holding Company), Bata Properties Limited and Way Finders Brands Limited (the \Ytioll
owned subsidiaries}, (Holding company and its wholly owned subsidiaries together referred to as "the Group")
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• 2 The Statement of Consolidated Audited Financial Results for the quarter and year ended 31st March 2025, Consolidated Balance Sheet as at 31st March 2025 lilnd Consolidated Statement of Cash Flows for the year ended 31st March 2025 (collectively referred to as "consolidated financi,1I results") were reviewed by the Audit Committee and thereafter approved by the Board of Directors al their respective meetings held on 28th May 2025 These consolidated financial results have been pr�pm�d in conformity with Indian Accounting Standards ('lnd AS') prescribed under Section 133 of the Companies Acl, 2013 read together with the Companies (Indian �.\«ounun Standards) Rules, 2015 (as amended) and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations ::!015, as amended

• During the year ended 31st March 2025, the Board of Directors of the Holding Company in its meeting held on 29th May 2024, had recommended a final dividend ufRs 12 00 per share (240¾ on an equity share of par value of Rs 5/- each) which was approved at the Annual General Meeting held on 7th August 2024 and was paid in Augus1 2024 Further, an interim dividend of Rs. 10 00 per share (200% on an equity share of par value of Rs 5/- each) was approved at the Board Meeting held on 6th Angm1 2024 and paid in September 2024,

• Subseql1ent to the year ended 31st March 2025, the Board of Directors of the Holding Company in its meeting held on 28th May 2025. have recommended a final di,'ldt':nd of Rs 9,00 per share (180¾ on an equity share of par value of Rs 5/- each) The payment of final dividend is subject to approval of the shareholders at the ensuing Annual General Meeting of the Holding Company

• 4 During the year ended 31st March 2024, a scheme for voluntary retirement (VRS) was introduced by the Holding Company at one manufacturing unit and Rs -109.00 million was incurred for the same and was disclosed as an exceptional item Further, during the year ended 31st March 2025, another scheme for voluntary retirement Wil! introduced at another manufacturing unit and Rs 107 84 million was incurred for the same and is disclosed as an exceptional item The Group operates in a single business segment, i .e., Footwear and Accessories,

• 6 The figures for the quarters ended 31st March 2025 and 31st March 2024 arc balancing figures between audited figures in respect of the full financial year and the publltJhtd year to date figures upto 31st December 2024 and 31st December 2023, respectively Also, the figures upto the end of lhird quarter of the financial years were only rc,•icw-::d and not subjected to audit During the year ended 31st March 2025, the Board of Directors or the Holding Company approved the sale of the freehold industrial land to an unrelated party for o consideration of Rs. J,560_00 miliion. The sale deed has been executed and the to1al consideration also received on the same dare There is a e.ain on sale of aforesaid hmd (net of related expenses) of Rs, 1,339 52 million which has been disclosed as an exceptional item. The report of statutory auditors is being filed with National Stock Exchange of India Limited, BSE Limited and The Calcutta Stock Exchange Limited For more details on the financial results, please .isil lnveslor Relations section of our website: WW ,bata in and audited financial resuhs at Corporate section f ,,[r] w\. indn1.com, www.bseindia com and W'\V\1/ cse-india com »>-...,-P

• '""�

• PltioC'e: Gurugram �,..,..,.. mil Aggarwal flot<; 28th May 2025 Director Finance & CFO

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May 28, 2025

The Manager The Manager The Secretary Corporate Relationship Department Listing Department The Calcutta Stock Exchange BSE Limited National Stock Exchange of India Limited Limited 1[st ] Floor, New Trading Wing, Exchange Plaza, 5 [th ] Floor, 7, Lyons Range, Rotunda Building, Plot No. C-1, Block G, Kolkata - 700001 P J Towers, Dalal Street, Fort, Bandra Kurla Complex, Bandra (E), Mumbai - 400001 Mumbai - 400051 BSE Security Code: 500043 NSE Symbol: BATAINDIA CSE Scrip Code: 10000003

Dear Sir/Madam,

Subject: Declaration with respect to Audit Report with unmodified opinion to the Annual Audited (Standalone and Consolidated) Financial Results for the financial year ended March 31, 2025

In compliance with Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), we hereby declare that the Statutory Auditors of the Company, M/s. Price Waterhouse Chartered Accountants LLP, Chartered Accountants (ICAI Firm Registration No. 012754N/N500016) have not expressed any modified opinion in their Audit Reports pertaining to the Annual Audited (Standalone and Consolidated) Financial Results of Bata India Limited for the financial year ended March 31, 2025.

We request you to take the same on record.

Thanking you,

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MITED ,,,r'_!)
�"<�
Gunjan i Amit Aggarwal
Managing irector and CEO Director Finance and CFO
DIN:08525366 DIN: 10825970
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BATA INDIA LIMITED

CIN: L19201WB1931PLC007261

Registered Office: 278, Camac Street, 1[st ] Floor, Kolkata-700016, West Bengal II Tel.: (033) 22895796 II Fax: (033) 22895748 E-mail: in-customer.service@bata.com II Website: www.bata.in