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Cantabil Retail India records 12% YOY growth in Q4 FY24

Cantabil Retail India Ltd. has unveiled its financial results for the fourth quarter ending on March 31, 2024. The company reported quarterly revenue of Rs 194.12 crore, marking a 12% year-on-year growth. Additionally, the net profit after tax increased by 9% to 18.35 crore compared to the previous year.

For the full financial year ended on March 31, 2024, Cantabil Retail India Ltd. recorded a revenue growth of 12% to Rs 616.49 crore, with a PAT of Rs 62.22 crore.

The company’s expansion strategy remained robust during the period, with the opening of 86 new exclusive retail stores across various states, including Assam, Bihar, Gujarat, Haryana, Himachal Pradesh, Jammu & Kashmir, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Uttar Pradesh, Uttarakhand, West Bengal, and Nagaland. With a total of 533 stores, Cantabil has solidified its position in the retail industry and aims to further extend its presence across India in the coming year.

“Cantabil will continue to manage business dynamically, ensuring long-term growth and sustainability. We remain committed to delivering exceptional consumer value and experience, strategically expanding our reach and product offerings, executing with excellence, and competitively investing in our brand and capabilities. We have further strengthened our balance sheet strength by raising ₹ 50.4 crore from marquee investors in Q4 FY24 which will help us to capitalise further on the growth opportunities. The Q1 FY25 so far has seen strong demand uptick despite lower wedding demand,” commented Mr. Vijay Bansal, CMD, Cantabil Retail India Ltd., on the results.

The company’s strategic focus includes expanding its reach, diversifying product offerings, and enhancing the shopping experience for customers. Notably, Cantabil experienced significant growth in revenue from online channels, which more than doubled in FY 24.

Looking ahead, Cantabil is optimistic about growth prospects in the fashion apparel sector and aims to leverage its brand recall value to drive consistent, sustainable growth.

Financial Highlights for Q4 FY24 indicate robust performance for Cantabil Retail India Ltd., with revenue from Operations reaching Rs 194.1 crore and EBIDTA standing at Rs 43.9 crore, reflecting an EBIDTA Margin of 22.6%. The company reported a Profit Before Tax of Rs 20.3 crore and a Net Profit After Tax of Rs 18.3 crore, with a PAT Margin of 9.5%. These results underscore Cantabil’s strong operating fundamentals and its ability to navigate challenging market conditions while maintaining profitability and growth.

Established in 2000, Cantabil Retail India Ltd. is a leading apparel brand offering a wide range of products for men, women, and kids. With a comprehensive portfolio including shirts, trousers, denim, suits, blazers, jackets, woolens, accessories, and more, Cantabil has established itself as a reputable family-wear brand in India. In addition to its retail stores, Cantabil products are available on major online marketplaces and its official website.

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