Cantabil Retail India shares Q1 results, focus on expansion
By Retail4Growth Team | August 19, 2024
The company, which has recorded a 14.4% YOY growth in revenue, says it is aggressively expanding its presence around the nation, both offline and online, and that as part of its robust retail strategy, has opened 11 (net) new exclusive retail stores during the Q1 FY 25 with a total store count of 545 at the end of Q1 FY 25.
Cantabil Retail India Ltd., the leading apparel manufacturer and retailer, has announced the financial results for its quarter ended on June 30, 2024. For Q1, 2024-25, the company has reported a revenue of Rs. 127.9 cr. with an EBITDA of 39.4 Cr. and net profit of Rs. 11.4 Cr. The company reported a revenue growth of 14.4%, EBITDA growth of 14.5%. However, PAT stood at 8.9%.
The company is aggressively growing its presence around the nation to further consolidate its position in the market, both offline and online. As part of its robust retail strategy, Cantabil has opened 11 (net) new exclusive retail stores during the Q1 FY 25. The new apparel and accessories stores have been opened in different states across states and total store count stood at 545 at the end of Q1 FY 25.
Commenting on the result announcement, Vijay Bansal, CMD, Cantabil Retail India Ltd. said, “FY 25 has started on a positive note with company delivering a double-digit volume growth of 18% in total and achieving a positive SSG. This was achieved despite a lower wedding season demand and heat wave conditions specifically in north India impacting the consumption. “
“Our strategic agenda of further expanding our reach with the aim of being ever more proximate and convenient to customers, reinforcing our brand promise, expansion into newer markets, diversification across various segments and categories, and ensuring an elevated shopping experience to our customers will help us to gain advantage of revival in consumer demand. Cantabil is well placed to leverage the next wave of growth in the segment by unlocking its various growth platforms. We see a strong demand rebound with the onset of festival season in Q3 followed by wedding and winter season,” he added.
Report Highlights: (Rs. In crores)
Particulars |
Q1 FY 25 |
Q1 FY 24 |
REVENUE |
127.9 |
111.8 |
EBITDA |
39.4 |
34.4 |
PAT |
11.4 |
12.3 |