The company has recorded Rs 151.2 CR in quarterly revenue, a 12% growth YOY
EBITDA increased by 17% to 34.5 Cr YOY
Mumbai, 14th November, 2024: Cantabil Retail India Ltd., one of India’s leading apparel manufacturer and retailer, has announced the financial results for its 2nd quarter, which ended on date 30/09/2024. For the 2nd quarter, the company has reported revenue of Rs 151.2Cr with a net profit of Rs 6.6Cr. For the Six month ended on 30/09/2024, the company reported a revenue growth of 13% to Rs. 279.1 Cr with a PAT of Rs 18Cr. EBITDA for the Six month increased by 16% to Rs.73.9Cr YOY.
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 23 (net) new exclusive retail stores during H1 of the financial year 2024-25. The new apparel and accessories stores have been opened in different states which includes, Gujarat, Haryana, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Uttar Pradesh, and Uttarakhand. Having achieved a staggering count of 550+ stores, Cantabil has emerged as a prominent player in the retail industry and is steadfastly committed to further extending its presence across the length and breadth of India in the current year.
Commenting on the results and performance, Mr. Vijay Bansal, (Chairman & Managing Director) of Cantabil Retail India Limited said:
“We are pleased to report a robust beginning to FY25, with our Company achieving an impressive 29.4% volume growth in H1 FY25. Notably, this success was accomplished despite challenging market conditions and adverse weather conditions, particularly the heat wave in North India and extended monsoon, which impacted consumption.
Our strategic agenda is focused on enhancing customer convenience, reinforcing our brand promise, and driving growth through expanded reach, bringing us closer to customers; entry into newer markets; diversification across segments and categories and elevating the shopping experience
These initiatives position us to capitalize on the revival in consumer demand, solidifying our competitive advantage and fueling sustainable growth.
The combination of above-normal monsoons, festive season and wedding season is expected to drive improvement in discretionary spending. Additionally, the government’s focus on consumption stimulus will further bolster demand. This favorable environment is
Particularly beneficial for companies with strong brand loyalty; deep customer connect and established market presence. We remain positive on the consumption story, with a promising outlook for companies that have built strong relationships with their customers.”
On the expansion front, the Company accelerated its store expansion strategy by opening 23 stores (net) during H1 FY24.
We are committed to shifting gears, capitalizing on emerging opportunities, and solidifying our position as a leader in the fashion apparel sector”.
Report Highlights: (Rs. In Crores) –
| Particulars (₹ In Cr) | Q2FY25 | Q2FY24 | Y-O-Y | H1 FY25 | H1 FY24 | Y-O-Y | FY24 |
| Revenue from Operations | 151.2 | 135.1 | 12% | 279.1 | 246.9 | 13% | 616.5 |
| EBIDTA | 34.5 | 29.6 | 17% | 73.9 | 64.0 | 16% | 162.7 |
| EBIDTA Margin | 22.8% | 21.9% | 26.5% | 25.9% | 26.4% | ||
| PAT | 6.6 | 7.5 | -13% | 18.0 | 19.8 | -9% | 62.2 |
| PAT Margin % | 4.3% | 5.5% | 6.4% | 8.0% | 10.1% |