Brands
Bata India profit jumps 12.4 per cent in Q3 as demand firms up
Sequential profit surges nearly fourfold as margins expand
GURUGRAM: Bata India reported a 12.4 per cent year-on-year rise in consolidated net profit for the October–December quarter of FY26, as firmer demand and tight margin management lifted earnings.
Net profit for the quarter stood at Rs 66 crore, compared with Rs 58.7 crore a year earlier, according to a stock exchange filing. On a sequential basis, profit surged nearly fourfold from Rs 13.8 crore in the September quarter, signalling a sharp recovery in earnings momentum.
Revenue from operations rose to Rs 944.6 crore in the quarter, up from Rs 918 crore in the year-ago period, while total income increased to Rs 965.7 crore.
Expenses, however, edged higher alongside growth. Total expenses rose 3.32 per cent year on year to Rs 869 crore, compared with Rs 841 crore in the corresponding quarter last year.
The footwear maker said its premium portfolio delivered strong growth, led by brands such as Hush Puppies and Power. During the quarter, Bata scaled its zero base merchandising programme to more than 400 stores and added 27 franchise outlets, expanding its retail footprint.
Commenting on the results, managing director and chief executive Gunjan Shah, said improving demand conditions following the rollout of GST 2.0 continued to support performance.
He said stronger sales, disciplined gross margin management and operational initiatives, such as decluttering, fresher inventory and cost efficiencies, helped drive operating margin leverage. Continued marketing investments and a focus on product, channels and inventory underpinned confidence in the company’s growth outlook, he added.
Bata India shares were trading 5.52 per cent higher at Rs 933 on the BSE at 10:20 am on Tuesday.
Brands
Uber launches hotel bookings feature in partnership with Expedia
From hotel bookings to room service at your door, the ride-hailing giant is making its boldest push yet into everyday life
CALIFORNIA: Uber is done being just a taxi app. At its annual GO-GET product event, the world’s leading mobility and delivery platform unveiled a sweeping set of new features designed to plant itself at the centre of how people travel, eat and shop, hotel bookings included.
The headline move is a partnership with Expedia Group that lets Uber users in the United States book hotels directly within the Uber app, with access to a catalogue that will eventually grow to more than 700,000 properties worldwide. Uber One members get 10 per cent back in Uber One credits on all hotel bookings and savings of at least 20 per cent on a rolling list of more than 10,000 hotels globally. Vacation rentals from Vrbo, Expedia Group’s home-rental brand, will be added later this year. The partnership is expected to expand beyond the United States. From June, Uber rides will also be integrated directly into the Expedia app, with push notifications sent to travellers ahead of hotel check-in to book discounted Uber rides for the duration of their stay.
Dara Khosrowshahi, chief executive of Uber, framed the expansion in terms of the modern condition. “Uber is becoming an app for everything, helping people go, get, and now travel all in one place,” he said. “We’re all living through a moment of real cognitive overload: too many apps, too many decisions, too much noise. At the end of the day, our job is to help people reclaim their time, spending less of it managing the logistics of life and more of it actually living.”
Ariane Gorin, chief executive of Expedia Group, struck a similarly ambitious note. “Travel should feel effortless, and this partnership gets us one step closer to offering a seamless traveller experience,” she said. “By connecting our two-sided marketplace with Uber, we’re bringing Uber rides directly into the Expedia app and Expedia Group’s lodging inventory into the Uber app through our Rapid API technology. Together, we’re helping travellers spend less time planning and more time enjoying the journey.”
Beyond hotels, the product announcements come thick and fast. Travel Mode, available within both the Uber and Uber Eats apps, offers curated recommendations on local favourites, tourist destinations, OpenTable restaurant reservations and on-demand delivery to hotel rooms. Uber One International means the membership programme now works globally, allowing members to earn credits on rides abroad that can be redeemed once back home. A new Shop for Me feature lets users request items from any store, even those not listed on the app. Eats for the Way allows riders in select cities booking an Uber Black or Uber Black SUV to have a drink or snack waiting for them in the car. Voice Bookings, powered by artificial intelligence, lets users book a ride conversationally, without touching their phone. And a redesigned One Search bar consolidates results for places, food and items across the entire Uber platform in a single query.
Uber has now logged more than 72 billion trips since it launched in 2010. The question it is now answering is what comes after the ride. The answer, apparently, is everything else. Whether users want a hotel in Paris, a coffee in the back of a car or a snake plant from the local garden centre, Uber would very much like to be the one to provide it. The app economy’s land grab has a new front-runner.
NOTE: The image used is AI generated and only for representational purposes.
