Bata India Taking Initiative to Evolve Portfolio by Franchising and Distribution
Bata India is working on a variety of initiatives, including driving portfolio evolution, accelerating growth through franchise and distribution, investing in marketing, and strengthening its online footprint, among others, to "speed up development and expansion." The company is also "working aggressively" to expand its presence in Tier III-Tier V cities by opening franchise stores and distribution networks.
Casualization and premiumization, according to Gunjan Shah, MD & CEO of Bata India, are important growth drivers that will lead to future business acceleration. "The company is experiencing a distinct evolution in consumer mindset, including brand consciousness, and as a result, we maintained focus on refreshing the product portfolio with a casualization strategy and offered premium fashionable products." Casualization and premiumization are important growth drivers that will lead to future business acceleration," Shah stated in the company's most recent annual report (2023).
Bata India's premium category brands, such as Red Label and Marie Claire, gained retail market share as fashion categories saw a revival in demand, with the boom for fitness and outdoor wear that emerged during the pandemic normalising. The company is working to improve its brand appeal among millennials and Generation Z. In addition, it continues to optimise its retail network and renovate stores in order to provide a superior customer experience. The year 2022-23 saw the most rapid expansion of franchise stores, with the total footprint exceeding 2,000 for the first time. The distribution channel was expanded to include over 1,150 towns.