Cantabil Retail India Reports Strong Q1 FY25 Results
Cantabil Retail India Ltd., a leading apparel manufacturer and retailer in India, has announced its financial results for the first quarter ended June 30, 2024. The company reported quarterly revenue of Rs. 127.9 crore, marking a 14.4% increase year-on-year (YoY). EBITDA rose by 14.5% to Rs. 39.4 crore, while the net profit after tax (PAT) stood at Rs. 11.4 crore.
Cantabil has also demonstrated positive same-store sales growth and is expanding its market presence aggressively. During Q1 FY25, the company opened 11 new exclusive retail stores across various states, bringing its total store count to 545. The expansion supports Cantabil’s strategy to strengthen its offline and online market presence.
Vijay Bansal, CMD of Cantabil Retail India Ltd., commented on the results, stating, “FY25 has started positively with a double-digit volume growth of 18% and a favorable same-store sales growth, despite challenges such as lower wedding season demand and heat waves in northern India. The anticipated improvement in discretionary spending due to above-normal monsoon and government initiatives is expected to benefit brands with strong customer connections. Our focus on expanding our reach, diversifying product offerings, and enhancing the shopping experience will position us to capitalize on the expected demand rebound during the festival, wedding, and winter seasons.”
Bansal further noted, “We are confident in our ability to leverage our brand’s strong recall value to drive sustainable growth and deliver value to both customers and shareholders. The company’s accelerated store expansion and positive outlook on the fashion apparel sector support our strategy to capture the next wave of growth.”
Cantabil remains committed to enhancing its market presence and capitalizing on growth opportunities in the evolving retail landscape.
