Cantabil Retail India Reports 12% Revenue Growth, Opens 86 New Stores In FY24

Cantabil Retail India Ltd., a leading apparel manufacturer and retailer in India, has announced its financial results for the fourth quarter and full fiscal year ended March 31, 2024. The company reported revenue of Rs 194.12 crore for Q4, with a net profit of Rs 18.35 crore. For the full fiscal year, Cantabil achieved a revenue growth of 12% to Rs 616.49 crore, with a Profit After Tax (PAT) of Rs 62.22 crore.

Cantabil is aggressively expanding its presence nationwide to consolidate its market position both offline and online. As part of its robust retail strategy, the company opened 86 new exclusive retail stores in FY2023-24. With a total of 533 stores, Cantabil has emerged as a prominent player in the retail industry and is committed to further extending its reach across India in the coming year.

Commenting on the financial results, Vijay Bansal, CMD of Cantabil Retail India Ltd., said, “Despite challenging market conditions, Cantabil delivered a resilient performance with 12% revenue growth in FY24. With increased average bill value and double-digit volume growth, we’re confident in our brand’s trust and appeal. Bolstered by raising Rs 50.4 crore from investors in Q4 FY24, we’re well-positioned to seize growth opportunities. Despite softer wedding demand, Q1 FY25 has shown strong uptick, and we anticipate improved discretionary spending with a normal monsoon. With accelerated store expansion and growing online sales, we’re poised for consistent, sustainable growth, leveraging our strong brand recall.”