BATAINDIA2021-10-012021-12-31in-bse-fin:OneOperatingExpenses01Member BATAINDIA2021-10-012021-12-31in-bse-fin:FourOperatingExpenses01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares BATAINDIA 2021-04-01 2022-03-31 2022-01-25 INR Millions Third quarter Single segment Footwear & Accessories 2021-10-01 2021-12-31 Unaudited Consolidated 8413020000.00 135060000.00 8548080000.00 741440000.00 2924970000.00 315660000.00 1049590000.00 233360000.00 615510000.00 1694960000.00 7575490000.00 972590000.00 0.00 972590000.00 190000.00 249190000.00 249380000.00 0.00 723210000.00 0.00 0.00 0.00 0.00 723210000.00 -740000.00 722470000.00 0.00 0.00 642640000.00 5 5.63 5.63 0.00 0.00 5.63 5.63 Notes: 1. The Consolidated financial results include results of Bata India Ltd. (the Holding Company), Bata Properties Limited and Way Finders Brands Limited (the subsidiaries). 2. The Consolidated financial results of the Group are prepared in accordance with the requirements of Ind AS 110 Consolidated Financial Statements . 3. The above consolidated results were reviewed by the Audit Committee and approved by the Board of Directors at the Board Meeting held on February 8, 2022. 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. 4. COVID-19 pandemic had a significant impact on the business operations and the financial results of the Group for the quarter and nine months ended December 31, 2021 and in the year ended March 31, 2021. The Group has made detailed assessment of the recoverability and carrying values of its assets comprising property, plant and equipment, investments, 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. Given the uncertainties associated with nature, condition and duration of COVID-19, the impact assessment on the Group's financial results will be continuously made and provided for as required. 5. The Group operates in a single business segment, i.e., Footwear and Accessories. Single segment 2021-04-01 2021-12-31 Unaudited Consolidated 17224720000.00 372420000.00 17597140000.00 1777900000.00 7088320000.00 -819760000.00 2834640000.00 682780000.00 1702130000.00 3780130000.00 17046140000.00 551000000.00 0.00 551000000.00 590000.00 150080000.00 150670000.00 0.00 400330000.00 0.00 0.00 0.00 0.00 400330000.00 -14500000.00 385830000.00 0.00 0.00 642640000.00 5 3.11 3.11 0.00 0.00 3.11 3.11 Other Expenses 1694960000.00 Other Expenses 3780130000.00 6. The Group has elected to apply the practical expedient of not assessing the rent concessions as a lease modification, as per MCA notification dated July 24, 2020 and June 18, 2021, on IND-AS 116 for rent concessions which are granted due to COVID-19 pandemic. According to the notification, out of total rent concessions confirmed for the nine months ended December 31, 2021, December 31, 2020 and for year ended March 31, 2021 amounting to Rs. 542.23 million, Rs. 861.37 million and Rs. 1,010.29 million respectively has been accounted as a reduction from rent expense to the extent available and balance of NIL, Rs. 300.42 million and Rs. 300.42 million for the nine months ended December 31, 2021, December 31, 2020 and year ended March 31, 2021, respectively, has been accounted as “Other income”. Further, rent concession for quarter ended December 31, 2021, September 30, 2021 and December 31, 2020 - Rs. 47.85 million, Rs. 263.79 million and Rs. 85.61 million, respectively, has been accounted as a reduction from rent expenses. Further as per MCA notification dated June 18, 2021, on IND-AS 116, extending the period of applying practical expedient on rent concessions due to COVID-19 pandemic to June 30, 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). 7. 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. 8. Exceptional item of Rs. 46.10 million for the quarter and nine months ended December 31, 2020 and year ended 31 March 2021 represents one time expense for Voluntary Retirement Scheme (VRS) offered at manufacturing facilities and Company's retail stores.