Cantabil Retail India Ltd., a significant player in India’s apparel manufacturing and retail industry, has announced its financial results for the first quarter of fiscal year 2025, ending June 30, 2024. The company reported a revenue of Rs 127.9 crore for Q1 FY25, which represents a 14.4% increase from the previous year. EBITDA for the quarter increased by 14.5% to Rs 39.4 crore, while the net profit was recorded at Rs 11.4 crore.
“FY 25 has started on a positive note with the Company delivering 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,” Vijay Bansal, chairman & managing director, Cantabil Retail India Ltd. said.
The company also reported positive same-store sales growth despite challenges such as reduced wedding season demand and heat wave conditions in northern India. Cantabil has continued its aggressive expansion strategy, opening 11 new exclusive retail stores during the quarter, bringing its total store count to 545. This expansion is part of the company’s ongoing efforts to enhance its market presence both online and offline.
Cantabil is focusing on extending its reach across India, reinforcing its brand promise, and diversifying into new markets and product segments. The company anticipates that the predicted above-normal monsoon and government efforts to boost consumption will improve discretionary spending. Cantabil aims to capitalise on these conditions and the upcoming festival, wedding, and winter seasons to drive growth.
Established in 2000, Cantabil Retail India Ltd. operates under the brand name CANTABIL, offering a comprehensive range of apparel and accessories for men, women, and children. The company has developed a strong market presence through its extensive retail network and online platform, Cantabilshop.com, alongside major online marketplaces such as Myntra, Ajio, Flipkart, and Amazon.
