Apparels & Accessories company Cantabil Retail India announced Q1FY25 results:
- Revenue from Operations for Q1FY25 grew by 14% to Rs 127.9 crore as compared to Rs 111.8 crore in Q1FY24.
- EBIDTA for Q1FY25 stood at Rs 39.4 crore as compared to Rs 34.4 crore in Q1FY24.
- EBIDTA margin for Q1FY25 stood at 30.8% as compared to 30.8% in Q1FY24.
- PAT for Q1FY25 stood at Rs 11.4 crore as compared to Rs 12.3 crore in Q1FY24. PAT margin for Q1FY25 stood at 8.9% as compared to 11.0% in Q1FY24.
Commenting on the results and performance, Vijay Bansal, (Chairman & Managing Director) of Cantabil Retail India said : “FY 25 has started on a positive note with Company delivering a double digit volume growth of 18.5% and also achieving a positive SSG of 1.2% in Q1FY25. This was achieved despite a lower wedding season demand and heat wave conditions specifically in north India impacting the consumption.
The above normal monsoons prediction and its progress so far is likely to translate into improvement in discretionary spending. That alongside government focus on consumption push bodes well for companies with strong brand loyalties and customer connect. Our strategic agenda of further expanding our reach with the aim of being ever more proximate and convenient to customers, reinforcing our brand promise, expansion into newer markets, diversification across various segments and categories, and ensuring an elevated shopping experience to our customers will help us to gain advantage of revival in consumer demand. Cantabil is well placed to leverage the next wave of growth in the segment by unlocking its various growth platforms. We see a strong demand rebound with onset of festival season in Q3 followed by wedding and winter season.
On the expansion front, the Company accelerated its store expansion strategy by opening 11 stores (net) during the quarter.
With a positive outlook on the growth prospects of both the Indian economy and the fashion apparel sector, we are determined to leverage our robust brand recall value to drive consistent, sustainable growth. We are confident that this business is well poised to shift gears and deliver substantial value to customers and shareholders going forward.”