-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.
This story is from the February 27, 2023 edition of Dalal Street Investment Journal.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the February 27, 2023 edition of Dalal Street Investment Journal.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
A Fortnight Of Ups And Downs In Indian Equities
ICICI Bank climbed 7.66 per cent after delivering robust quarterly results. Axis Bank and SBI also reached all-time highs, contributing to the rally.
How Good Are The Blue Chip Funds?
In the deep blue ocean of the Indian stock market, where volatility reigns supreme, investors often seek safe harbours. In such a scenario, can blue chip mutual funds emerge as a promising option for delivering better risk-adjusted growth? Vardan Pandhare explores
Multi-Asset Funds: A Comprehensive Solution For Diversified Investing
The Indian mutual fund industry has experienced remarkable growth, mirroring the nation's economic expansion and the corresponding transition of savings into financial assets.
Thematic PSU Funds: Value For Money
From the fun of theme parties to the depth of thematic investing, explore how focusing on specific themes can shape your investment journey. Various investment themes are trending these days, with thematic PSU funds being one of them. Rakesh Deshmukh takes a closer look at the scenario
5 BEST Dividend Yielding Stocks
Historically, the portfolio of companies that have paid higher dividend yield has performed better than the broader market equity indices. And this becomes evident from the fact that the calendar year return of these indices shows that out of 15 years of study, in 7 years, Nifty Dividend Opportunities 50 has outperformed Nifty 500. The article examines the phenomenon while also listing the five best dividend-yielding stocks
"Innovation And Capacity Building Are Central To CPCL's Organizational Development & Long-Term Success"
Interview - Shri Arvind Kumar, Managing Director, Chennai Petroleum Corporation Ltd.
BEL: Celebrating 70 Years of Excellence
Bharat Electronics Limited started with humble beginnings and is now a global powerhouse that is constantly broadening its horizons while enhancing its efforts for more in-house developments. In this interview, Bhanu Prakash Srivastava, Chairman and Managing Director, BEL, talks about the extraordinary journey of the company and the strategies that it is presently implementing to expand its products and technologies within and outside the defence sector
PSU Stocks Enjoy Their Moment Of Glory
After a phase of lacklustre performance under dark grey clouds, Indian public sector enterprises are now enjoying prime space in the sunshine, turning out to be smart bets in the Indian market. Primarily, this amazing turnaround has taken place due to the government's focus on infrastructure development in order to propel the nation towards the status of an economic powerhouse and also the revolutionary decisions taken by the managements of the PSUs. The article details the PSUs to understand their current status
Vodafone Idea YET TO ACHIEVE PROFITABLE CONNECTIVITY
Looking at the company's solvency and liquidity position, it has significant amount of liabilities which are greater than the assets, making the shareholders' equity negative
Eraaya Lifespaces Acquires Luxury Staycation Property And Commercial Retail Spaces
Eraaya Lifespaces' recent developments in its hospitality business showcase a robust strategy aimed at expansion and diversification
