Cantabil Retail India saw 14.4% revenue growth in FY25 Q1

August 20, 2024

Category: GARMENTS

Country: India

Region: Asia

Apparel manufacturer and retailer Cantabil Retail India Limited reported 14.4% year-on-year revenue growth in the first quarter of the 2025 financial year, fuelled by its omni-channel expansion. The business reported a net profit of Rs 11.4 crore during the quarter which ended on June 30.

By Isabelle Crossley
14th August, 2024
Reading time: 2 minutes

“FY 25 has started on a positive note with [the] company delivering a double-digit volume growth of 18% in total and achieving a positive SSG,” said Cantabil Retail India Limited’s CMD Vijay Bansal in a press release. “This was achieved despite a lower wedding season demand and heat wave conditions specifically in north India impacting the consumption. The above normal monsoons prediction and its progress so far is likely to translate into improvement in discretionary spending. That alongside government focus on consumption push bodes well for companies with strong brand loyalties and customer connect.”

Cantabil reported a revenue total of Rs 127.9 crore during the first quarter of the 2025 financial year and its profits after tax were at 8.9%. The business’ earnings before interest, tax, depreciation, and amortisation totalled Rs 39.4 crore during the quarter, representing a 14.5% increase compared to the same period in the 2024 financial year. Cantabil opened 11 new stores during the quarter and plans to keep up its growth momentum.

“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,” said Bansal. “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.”