BATAINDIA2021-04-012021-06-30in-bse-fin:OneOperatingExpenses01Member BATAINDIA2021-04-012021-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares BATAINDIA 2021-04-01 2022-03-31 2021-07-27 INR Millions First quarter Single segment Footwear & Accessories 2021-04-01 2021-06-30 Unaudited Standalone 2670490000.00 121780000.00 2792270000.00 331490000.00 1555130000.00 -715940000.00 888240000.00 229860000.00 500670000.00 951680000.00 3741130000.00 -948860000.00 0.00 -948860000.00 0.00 -235660000.00 -235660000.00 0.00 -713200000.00 0.00 0.00 0.00 0.00 -713200000.00 -1500000.00 -714700000.00 0.00 0.00 642640000.00 5 -5.55 -5.55 0.00 0.00 -5.55 -5.55 Notes : 1. The above standalone results were reviewed by the Audit Committee and approved by the Board of Directors at the Board Meeting held on 11th August 2021. The above results have been prepared in accordance with Indian Accounting Standards (Ind AS)- 34- Interim Financial Reporting as prescribed under section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standard) Rules 2015, as amended. 2. COVID-19 pandemic has had a significant impact on the business operations and the financial results of the Company for the quarter ended June 30, 2021 and for the year ended March 31, 2021. The Company has made detailed assessment of the recoverability and carrying values of its assets comprising property, plant and equipment, inventories, receivables, other current assets, deferred tax assets, etc. as at the period end and on the basis of evaluation, has concluded that no material adjustments are required in the financial results except impairment on investment and loan in subsidiary (refer note 5 below). Given the uncertainties associated with nature, condition and duration of COVID-19, the impact assessment on the Company's financial statements will be continuously made and provided for as required. 3. The Company operates in a single business segment, i.e., Footwear and Accessories. 4. The Company has elected to apply the practical expedient of not assessing the rent concessions as a lease modification, as per MCA notification dated 24 July 2020 and 18 June 2021, on IND-AS 116 for rent concessions which are granted due to COVID-19 pandemic. According to the notification, total rent concessions confirmed in the quarter ended 30th June 2021 of Rs. 230.59 million and for quarter ended March 31, 2021 amounting to Rs. 158.92 million has been accounted as a reduction from rent expense. Further, out of total concession for year ended March 31, 2021 and for the quarter ended June 30, 2020 - Rs. 709.87 million and Rs. 200.96 million, respectively, has been accounted as a reduction of rent expenses to the extent available and balance of Rs. 300.42 million for year ended March 31, 2021 and quarter ended June 30, 2020 has been accounted under Other Income . Further as per MCA notification dated 18 June 2021, on IND-AS 116, extending the period of applying practical expedient on rent concessions due to COVID-19 pandemic to 30 June 2022, the company has provided the cumulative effect of initially applying that amendment as an adjustment to the opening balance of retained earnings of Rs. 54.14 million (net of deferred tax asset of Rs. 18.21 million). 5. During the current quarter, Company has impaired its loan and investment amounting to Rs. 26.63 million in its wholly owned subsidiary- Way Finders Brands Limited. Other expenses 951680000.00 6. 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 unaudited results, please visit Investor Relations section of our website www.bata.in and Financial Results at Corporate section of www.nseindia.com, www.bseindia.com and www.cse-india.com. 7. Exceptional item of Rs. 46.10 million for the year ended 31 March 2021 represents one time expense for Voluntary Retirement Scheme (VRS) offered at manufacturing facilities and Company's retail stores. 8. The figures for the quarter ended 31 March 2021 are balancing figures between audited figures in respect of the full financial year and the published year to date figure upto 31 December 2020. Also, the figures upto the end of third quarter were only reviewed and not subjected to audit.