Bata India Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2026

1. The Statement of Standalone Audited Financial Results for the quarter and year ended 31st March 2026, Standalone Balance Sheet as at 31st March 2026 and Standalone Statement of Cash Flows for the year ended 31st March 2026 (collectively referred to as standalone financial results) were reviewed by the Audit Committee and thereafter approved by the Board of Directors at their respective meetings held on 27th May 2026, These standalone financial results have been prepared in conformity with Indian Accounting Standards (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 of 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.

3. During the year ended 31st March 2025, the Company implemented a voluntary retirement scheme (VRS) at one of its manufacturing units, incurring an expense of Rs. 107.84 million, which was disclosed as an exceptional item. Subsequently, during the year ended 31st March 2026, an additional expenditure of Rs. 47.78 million was incurred relating to the same scheme, along with Rs. 280.60 million incurred for a separate VRS introduced during the quarter ended 31st March 2026 at the same manufacturing unit. Furthermore, a separate VRS was introduced at another manufacturing unit, resulting in an expenditure of Rs. 95.28 million during the year ended 31st March 2026, including Rs. 12.59 million incurred during the quarter ended 31st December 2025. This expense has also been disclosed as an exceptional item.

4. On 21st November, 2025, the Government of India notified the provisions of the Code on Wages, 2019, the Industrials Relations Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020, (together referred to as the Labour Codes) which consolidates twenty-nine existing labour laws into a unified framework governing employee benefits during employment and post-employment. The Labour Codes amongst other things introduces changes, including a uniform definition of wages and enhanced benefits relating to leave. The Company has assessed the financial implications of these changes which has resulted in increase in gratuity liability and leave liability arising out of past service cost by Rs. 66.66 million. The Company continues to monitor the developments pertaining to Labour Codes and will evaluate impact if any on the measurement of liability pertaining to employee benefits. This expense has been disclosed as an exceptional item.

5. During the year ended 31st March 2026, the Board of Directors of the Company in its meeting held on 28th May 2025, had recommended a final dividend of Rs. 9.00 per share (180% on an equity share of par value of Rs. 5/- each) which was approved at the Annual General Meeting held on 12th August 2025 and was paid in September 2025.

Subsequent to the year ended 31st March 2026, the Board of Directors of the Company in its meeting held on 27th May 2026, have recommended a final dividend of Rs. 9.00 per 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 of the Company.

6. During the year ended 31st March 2025, the Board of Directors of the Company approved the sale of the freehold industrial land to an unrelated party for a consideration of Rs. 1,560.00 million. The sale deed had been executed and the total consideration also received on the same date. There was a gain on sale of aforesaid land (net of related expenses) of Rs. 1,339.52 million which had been disclosed as an exceptional item.

7. Other expenses includes foreign exchange loss of Rs. 223.74 million arising from the translation of a liability related to license rights as at 31st March 2026, in accordance with requirements of Ind AS 21 - The Effects of Changes in Foreign Exchange Rates. This loss is primarily attributable to significant volatility in the exchange rates of USD to INR as an effect of the ongoing geopolitical developments in the Middle East.

8. The figures for the quarters ended 31st March 2026 and 31st March 2025 are balancing figures between audited figures in respect of the full financial year and the published year to date figures upto 31st December 2025 and 31st December 2024, respectively. Also, the figures upto the end of third quarter of the financial years were only reviewed and not subjected to audit.

9. Figures of previous periods have been regrouped/ reclassified wherever necessary to conform to the current period classification.

10. The report of statutory auditors is being filed with National Stock Exchanges of India Limited, BSE Limited and The Calcutta Stock Exchange Limited. For more details on the financial results, please visit Investor Relations section of our website: www.bata.in and audited financial results at Corporate section of www.nseindia.com, www.bseindia.com and www.cse-india.com.

Note:

Exceptional Items for the Quarter ended 31st March 2026 includes:
1. Expense towards VRS: Rs. 280.60 Million

Exceptional Items for the year ended 31st March 2026 includes:
1. Expense towards VRS: Rs. 423.66 Million
2. Impact of labour codes: Rs. 66.66 Million