Cantabil Retail India Ltd
NSE:CANTABIL
Cantabil Retail India Ltd
Cantabil Retail India Ltd. engages in designing, manufacturing, branding, and retailing of apparels. The company is headquartered in New Delhi, Delhi. The company went IPO on 2013-08-12. The firm is engaged in manufacturing shirts, denims, trousers, business and party wear suits, t-shirts, woolen jackets, pullovers, shorts, jeggings, kurtis and accessories for men and women. The firm operates through three segments: Men's wear, Women's Wear and Kids Wear. The Cantabil brand offers the complete range of formal-wear, party-wear, casuals and ultracasual clothing for men and women in the middle to high income group. The Kaneston brand caters to men's segment in accessories, such as undergarments, ties, belts, socks, caps and handkerchiefs. The firm has a network of approximately 330 retail outlets.
Cantabil Retail India Ltd. engages in designing, manufacturing, branding, and retailing of apparels. The company is headquartered in New Delhi, Delhi. The company went IPO on 2013-08-12. The firm is engaged in manufacturing shirts, denims, trousers, business and party wear suits, t-shirts, woolen jackets, pullovers, shorts, jeggings, kurtis and accessories for men and women. The firm operates through three segments: Men's wear, Women's Wear and Kids Wear. The Cantabil brand offers the complete range of formal-wear, party-wear, casuals and ultracasual clothing for men and women in the middle to high income group. The Kaneston brand caters to men's segment in accessories, such as undergarments, ties, belts, socks, caps and handkerchiefs. The firm has a network of approximately 330 retail outlets.
Strong Revenue Growth: Cantabil Retail reported 19% revenue growth in Q3 FY'26 and 20% growth for the 9-month period, driven by robust consumer demand and store expansion.
Margin Expansion: EBITDA margins improved to 36% in Q3 FY'26 from 32.6% last year, and PAT margins increased to 17.1%, reflecting operational efficiencies.
Same-Store Sales: Same-store sales growth (SSG) was strong at 6.3%, and management reiterated a long-term sustainable SSG target of 6-7%.
GST Boost: Recent GST rationalization has positively impacted demand and consumer sentiment, with noticeable uptick in footfall and sales momentum.
Store Expansion: The company now operates 646 stores (20% franchise) with plans to add 75 new stores annually, focusing on larger store formats and increasing family and women/kids stores.
Guidance Maintained: Management maintained its guidance of 20%+ revenue growth and is targeting INR 1,000 crores revenue by FY'27, with gross margins around 58-59%.
Operational Efficiency: Employee costs remain well controlled at 9-10% of revenue, and working capital/inventory days are steady, with ongoing improvements.
E-commerce Growth: E-commerce sales grew in both volume and value, now representing about 7% of total sales, with a goal to reach 8-10%.
