Apparels & Accessories company Cantabil Retail India announced Q2FY24 & H1FY24 results: Standalone Q2FY24: Revenue from Operations for Q2FY24 grew by 16% to Rs 135 crore as compared to Rs 116 crore in Q2FY23. EBIDTA for Q2FY24 stood at Rs 29.6 crore as compared to Rs 31.3 crore in Q2FY23. EBIDTA margin for Q2FY24 stood at 21.9% as compared to 27.0% in Q2FY23. PBT for Q2FY24 stood at Rs 8.8 crore as compared to Rs 12.5 crore in Q2FY23. PBT margin for Q2FY24 stood at 6.5% as compared to 10.8% in Q2FY23. PAT for Q2FY24 stood at Rs 7.5 crore as compared to Rs 9.3 crore in Q2FY23. PAT margin for Q2FY24 stood at 5.5% as compared to 8.0% in Q2FY23. Standalone H1FY24: Revenue from Operations for H1 FY24 grew by 14% to Rs 247 crore as compared to Rs 217 crore in H1FY23. EBIDTA for H1FY24 stood at Rs 64 crore as compared to Rs 66.7 crore in H1FY23. EBIDTA margin for H1FY24 stood at 25.9% as compared to 30.8% in H1FY23. PBT for H1FY24 stood at Rs 24.0 crore as compared to Rs 31.1 crore in H1FY23. PBT margin for H1FY24 stood at 9.7% as compared to 14.4% in H1FY23. PAT for H1FY24 stood at Rs 19.8 crore as compared to Rs 23.4 crore in H1FY23. PAT margin for H1FY24 stood at 8.0% as compared to 10.8% in H1FY23. Commenting on the results and performance, Vijay Bansal, (Chairman & Managing Director) of Cantabil Retail India said, “The business demonstrated a resilient performance in Q2, recording sales of Rs 135 crore and an EBITDA margin of 29.6%, despite a subdued demand environment across various markets. Looking forward we remain cautiously optimistic. Our focus is to provide superior value to our consumers, drive competitive volume growth, and invest in our Brand. Notwithstanding the external slowdown, we are confident that we are on the right path to execute the growth strategy. We anticipate a rebound in discretionary spending with the onset of the festive season, propelling the company’s growth trajectory further in the second half. The Company continued to expand its retail footprint and accelerated its store expansion strategy by opening ~35 stores during the first half of the year. We remain focused on pursuing our long-term strategic agenda by further expanding our reach to be 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 for our customers. 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.” Result PDF
Apparels & Accessories company Cantabil Retail India announced standalone Q1FY24 results: Revenue from Operations for Q1FY24 grew by 11% to Rs 112 crore as compared to Rs 101 crore in Q1FY23. EBIDTA for Q1FY24 stood at Rs 34 crore as compared to Rs 35 crore in Q1FY23. EBIDTA margin for Q1FY24 stood at 30.8% as compared to 35.1% in Q1FY23. PBT for Q1FY24 stood at Rs 15 crore as compared to Rs 19 crore in Q1FY23. PBT margin for Q1FY24 stood at 13.6% as compared to 18.5% in Q1FY23. PAT for Q1FY24 stood at Rs 12 crore as compared to Rs 14 crore in Q1FY23. PAT margin for Q1FY24 stood at 11.0% as compared to 14.0% in Q1FY23. Commenting on the results and performance, Vijay Bansal, (Chairman & Managing Director) of Cantabil Retail India said, “The business demonstrated a resilient performance in Q1, recording sales of Rs 112 crore and an EBITDA margin of 30.8%, despite a subdued demand environment across various markets. Further, we believe that there are indications of the start of a gradual improvement in consumption trends, following the sequential moderation witnessed in commodity and retail inflation, which bodes well for demand generation. We anticipate a rebound in discretionary spending with the onset of the festive season, propelling the company’s growth trajectory further in the second half. At Cantabil, we remain committed to enhancing the value proposition for our customers along with persistently investing in building brands and improving operational efficiency. We remain focused on pursuing our long-term strategic agenda by further expanding our reach to be 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 for our customers. 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.” Result PDF
Other Apparels & Accessories company Cantabil Retail India announced Q4FY23 & FY23 results: Q4FY23: Revenue from operations was at Rs 172.84 crore in Q4FY23 as against Rs 133.03 crore in Q4FY22, YoY increase of 29.93% EBITDA (excluding other income) stood at Rs 41.73 crore, growth of 23.38%, primarily attributed to improve per-unit prices and more favorable procurement costs EBITDA Margin was 24.14% Profit After Tax was at Rs 16.88 crore PAT Margin was 9.77% Basic EPS stood at Rs 10.34 FY23: Revenue from operations was at Rs 551.72 crore in FY23 as against Rs 383.24 crore in FY22 YoY increase of 43.96%, growth is driven by a steady increase in revenues from same-store growth and new stores EBITDA (excluding other income) stood at Rs 163.65 crore EBITDA Margin was 29.66% Profit After Tax was at Rs 67.24 crore PAT Margin was 12.19% Basic EPS stood at Rs 41.83 Commenting on this result, Vijay Bansal, (Chairman & Managing Director) of Cantabil Retail India said “I am happy to share that we have registered a 30% YoY growth in our revenues for the Q4FY23 registering revenue of Rs 172.8 crore with an EBITDA of Rs 41.73 crore and profit after tax stands at Rs 16.9 crore. For the financial year, our revenues grew by 44% reaching Rs 551.7 crore with an EBITDA and PAT of Rs 163.6 crore and Rs 67.2 crore respectively. This growth in our financial performance has been on back on healthy sales from the same stores combined with the addition of new stores. We have added 69 stores during the financial year across 14 states thereby increasing our presence and brand visibility. These new additions to our store count signify our constant efforts to expand our presence across India and cater to a larger base of customers in the mid-premium segment. We stuck to our plan of targeting new locations and geographies, opening new stores, and pushing in through the right branding tools, which enabled us to increase our ticket size. During the year, we have expanded our reach across various online platforms opening up new opportunities for growth and reaching a wider customer base as in today's digital age it makes a promising avenue for expanding the business even further. 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.” Result PDF
Other apparels & accessories firm Cantabil Retail India announced Q3FY23 results: With IND-AS Q3FY23: Revenue from operations was at Rs 163.10 crore in Q3FY23 as against Rs 131.72 crore in Q3FY22 YoY increase of 23.82% mainly on account of steady rise in the contribution from existing stores along with additional sales from new stores EBITDA (excluding other income) stood at Rs 55.94 crore, growth of 18.38%, driven by higher per-unit realizations and better procurement pricing EBITDA Margin was 34.30% Profit After Tax was at Rs 26.95 crore PAT Margin was 16.53% Basic EPS stood at Rs 16.51 Without IND-AS Q3FY23: EBITDA (excluding other income) stood at Rs 41.12 crore in Q3FY23 as against Rs 37.00 crore in Q3FY22 YoY increase of 11.13% EBITDA Margin in Q2FY23 was 25.21% Profit After Tax was at Rs 27.82 crore in Q3FY23 as against Rs 24.67crore in Q3FY22 YoY increase of 12.79% PAT Margin was 18.00% in Q3FY23 Basic EPS stood at Rs 17.04 With IND-AS 9MFY23: Revenue from operations was at Rs 379.86 crore in 9MFY23 as against Rs 250.10 crore in 9MFY22 YoY increase of 51.88% mainly on account on increasing contribution from existing stores combined with the rising contribution from newly opened stores during the nine-month period in FY23 EBITDA (excluding other income) stood at Rs 122.69 crore EBITDA Margin was 32.30% Profit After Tax was at Rs 50.36 crore PAT Margin was 13.26% Basic EPS stood at Rs 30.84 Without IND-AS 9MFY23: EBITDA (excluding other income) stood at Rs 80.13 crore in 9MFY23 as against Rs 52.22 crore in 9MFY22 YoY increase of 53.45% EBITDA Margin in 9MFY23 was 21.09% as against 20.88% in 9MFY22 Profit After Tax was at Rs 53.12 crore in 9MFY23 as against of Rs 32.48 crore in 9MFY22 PAT Margin was 13.98% in 9MFY23 as against 12.99% in 9MFY22 Basic EPS stood at Rs 32.53 Commenting on this result, Mr.Vijay Bansal, (Chairman & Managing Director) of Cantabil Retail India Limited said “I am happy to share that we have registered revenue of Rs 163 crore in Q3FY23 with EBITDA and PAT of Rs 56 crore & Rs 27 crore respectively. For the nine-month period, revenues stood at Rs 380 crore with EBITDA and PAT of Rs 123 crore and Rs 50 crore. Our revenues from same stores have played an instrumental role in delivering the desired growth in financial performance. Apart from this, the addition of new stores has also significantly contributed towards superior performance and provides an expanding platform to support our strategic growth objectives. During the quarter, we have opened 19 new stores with the aim to further diversify our presence across geographies and increase market share in the mid-premium segment. As part of our strategy to systematically expand our product offerings and cater to a larger customer base, we have 22 exclusive women’s and kids’ wear outlets. We remain confident that such initiatives add strength and resilience to the portfolio, helping achieve our targeted topline of Rs 1,000 crore in the next few years. We believe that our well-defined plan of expansion with the underpinning of quality products at reasonable prices provides us the confidence of delivering strong value to stakeholders. I would like to thank our entire team for their efforts and contribution to making the Brand ‘CANTABIL’ and working towards achieving a common goal.” Result PDF