Nirmal Bang recommends a 'Buy' rating on Bata India and V-Mart ahead of Q1 FY26 results.
Stronger sales of premium products like Sneakers, Hush Puppies, Comfit & Floatz, along with continued e-commerce momentum, are expected to drive Bata's topline.
Nirmal Bang forecasts a slow recovery in volumes for mass category products due to competitive intensity from organized, unorganized, and e-commerce players for Bata and V-Mart.