Cantabil Retail India on Monday reported net profit of Rs.16.88 crore for the fourth quarter ended on 31 March 2023, according to the company’s regulatory filing.
The company’s revenue from operation increased to Rs.172.84 crore in the quarter gone by, compared to Rs 133 crore the previous year in the same quarter.
Cantabil Retail has reported a revenue growth of 43.96 per cent to Rs. 551.72 crore with a PAT growth of 76.66 per cent to Rs. 67.24 crore in the financial year 2022-23 (FY23)
As part of its robust retail strategy, Cantabil has opened 69 (net) new exclusive retail stores during the financial year 2022-23. The new apparel and accessories stores have been opened in 14 different states which include, Assam, Bihar, Gujrat, Haryana, Himachal Pradesh, J&K, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Uttar Pradesh, Uttarakhand, West Bengal and Nagaland.
Vijay Bansal, CMD, Cantabil Retail India said, “Our strong financial performance is attributed to the robust sales from our existing stores as well as the introduction of new stores.”
Additionally, the brand has extended its presence across various online platforms, paving the way for new opportunities for growth and allowing it to connect with a wider range of customers, Bansal said.
He added, “This presents a promising opportunity for furthering our business growth in today’s digital era.”
“Overall, by expanding our presence in various store formats and online platforms, we have positioned the company for steady growth in the coming years, while prioritizing customer needs and executing plans effectively to reach our desired milestones and propel the business forward,” he stated.
