"Cantabil Retail India Ltd. eyeing Rs 1000 crore revenue with an increased focus on Tier II, Tier III markets"

Cantabil Retail India Ltd., a retail giant, is on a growth trajectory, with its current store count reaching 441, spread across India. The company is opening 6 7 stores every month. Cantabil recorded a compounded annual growth rate CAGR) of around 25 percent for the last five years. The company reported 380 Cr. of revenue for 9M FY 23, with PAT increasing by 67% year on year. Revenue is expected to grow 40-45 percent in FY23 compared to last year.

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-Brand Journey Brand

"Cantabil" has more than Two decade long success story in the Mid-Premium Segment. It is renowned for offering affordable readymade garments of the highest quality. Cantabil's USP is distinctive and wonderfully comfy clothing that offers the newest trends and lifestyle for smart men, women, working professionals, and kids of today. Our selection includes everything from sophisticated formal wear and party outfits to casual and ultra-casual clothing.

Our primary target market is middle-class consumers looking for premium outfits. At Cantabil, design is seen as a process that is closely related to the choice made by the customer. Among peers, we are a rare brand that caters to all three segments and offers a diverse range of products under one roof, making it family wear.

-Growth rate and business strategy

Our company's financial results have shown consistent growth of 25% CAGR (barring COVID-19 impact) and clocked revenue of INR 380 Cr. in 9M FY 23 and targeting to achieve a growth of 40-45% as compared to FY 22.

In the past three years, we have added to more than 160 outlets, thanks to solid financial viability; all investments have been done using internal accruals only, which has prevented debt accumulation. We are continuously opening 6-7 stores every month and plan to continue with the same in line with our expansion strategy to reach to 1,000 Cr. revenue in the next few years. We have a total of 441 stores as of now, of which 70% are COCO (Company owned & Company operated) stores and the remaining 30% are franchise stores.