Bata India registered a net loss of Rs 42 million ($858,541) for the first quarter of 2002 ending March 31, compared to a loss of Rs 30 million ($613,419) in the corresponding period last year.

The company attributed the negative operating results to lower turnover caused by depressed market conditions and disturbances in Gujarat. In a statement the company also said that it had discontinued supplying merchandise to several wholesalers due to non-payment, which also contributed to the performance.

In order to reverse the downturn, Bata India is currently in the process of implementing a recently drawn up 'action plan' which includes cost-cutting measures and loan restructuring.

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