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Leading Apparel Manufacturer and Retailer Reports 13 per cent Decline in Net Profit
Manoj Reddy Sama
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Leading Apparel Manufacturer and Retailer Reports 13 per cent Decline in Net Profit

The company reported a 13 per cent dip in its consolidated net profit, amounting to Rs 6.6 crore in the second quarter of FY25, ending 30 September 2024.

Cantabil Retail India Ltd., a prominent name in the Indian apparel market, reported a 13 per cent dip in its consolidated net profit, amounting to Rs 6.6 crore in the second quarter of FY25, ending 30 September 2024. This is down from the Rs 7.5 crore net profit posted during the same period last year.

Financial Performance

Cantabil’s revenue from operations experienced a 12 per cent increase, reaching Rs 151 crore in Q2 FY25, up from Rs 135 crore in Q2 FY24. Earnings before interest, taxes, depreciation, and amortization (EBITDA) also rose by 17 per cent, totaling Rs 34.5 crore this quarter compared to Rs 29.6 crore in the previous year. Additionally, the EBITDA margin expanded by 100 basis points, reaching 22.8 per cent, up from 21.8 per cent a year ago.

Cantabil has been actively expanding its footprint, inaugurating 23 new exclusive retail stores in the first half of FY25. With these additions, the brand now operates 556 stores across India. 

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About the Company

Founded in 2000, Cantabil has a diversified product range that include men’s, women’s, and kids’ apparel, as well as athleisure wear and shoes, catering to a broad customer base. Company is present in 20 states and more than 250 cities. The company also sells through its website and major e-commerce platforms, including Myntra, Ajio, Flipkart, Nykaa, Amazon and TataCLiQ.

Stock Performance

Company’s stock is down by 11.88 per cent Year-to-date, and in the past one year it has seen a modest increase of 5.72 per cent. Cantabil’s current market capitalization stands at Rs 1,810.76 crore.

Disclaimer: This article is for informational purposes only and not investment advice.

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