Published
May 16, 2023
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Cantabil Retail Ltd posts Q4 net profit of Rs 17 crore

Published
May 16, 2023

Cantabil Retail India recorded a net profit of Rs 17 crore ($2.1 million) for the fourth quarter ended March, as against a net profit of Rs 8 crore posted in the same quarter last year.


Cantabil Retail Ltd posts Q4 net profit of Rs 17 crore - Cantabil


The company’s revenue for the quarter rose by 30 percent to Rs 173 crore, as against Rs 133 crore posted in the year-ago period.

For the financial year 2023, Cantabil posted revenue from operations of Rs 552 crore with a net profit of Rs 67 crore.

Commenting on the results, Vijay Bansal, chairman managing director of Cantabil Retail Ltd in a statement said, “I am happy to share that we have registered a 30 percent y-o-y growth in our revenues for the Q4 FY23 registering a revenue of Rs 173 crore with an EBITDA of Rs 42 crore and profit after tax stands at Rs 17 crore. This growth in our financial performance has been on back on healthy sales from same stores combined with addition of new stores.”

“Overall, by expanding presence in different store formats and online platforms, we can position the company for steady growth in the coming years, stay customer-centric, and execute plans effectively to achieve the desired milestones and propel the business forward,” he added.

Cantabil Retail added 69 stores during the financial year across 14 states, taking the total exclusive brand outlets count to 447 outlets across 220 cities and towns in India.

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