Bata India’s revenue growth improved to 5% year-on-year (y-o-y) in the March quarter (Q4FY26) to ₹827 crore. This is the best show on revenue performance in the past 12 quarters, also marking the second consecutive quarter of accelerating growth. However, this did not translate into a notable improvement in profitability for the footwear maker and retailer. Despite a 9% drop in staff costs, reported Ebitda declined 15% year-on-year to nearly ₹151 crore, owing to a fall in gross margin and a steep 26% growth in other expenses, as ad spends were 1.5 times last year’s levels.