Clothing and apparel company Cantabil Retail India announced Q4FY22 results: Q4FY22 (as per Indian Accounting Standards 116): Revenue from operations was at Rs 133.29 crore in Q4FY22 as against Rs 92.83 crore in Q4FY21. YoY increase of 43.59% mainly on account of higher ticket size along with increasing footfalls and newly opened stores EBITDA (excluding other income) stood at Rs 34.49 crore EBITDA margin was 25.87% Profit After Tax was at Rs 8.12 crore - The Company decided to exercise the option of new taxation regime with lower tax rates and hence have to bear a one-time non-cash adjustment of Rs 5.06 crore as re-measurement of Deferred Tax Assets due to which, profit for has exceptional decrease and consequential net profit without considering above said adjustment is Rs 1,318.12 lakhs PAT Margin was 6.09% Basic EPS stood at Rs. 4.98 FY22 (as per Indian Accounting Standards 116): Revenue from operations was at Rs 383.39 crore in FY22 as against Rs 251.89 crore in FY21. YoY increase of 52.21% on account of higher sales from existing and new stores opened EBITDA (excluding other income) stood at Rs 111.68 crore EBITDA margin was 29.13% Profit After Tax was at Rs 38.06 crore- The Company decided to exercise the option of new taxation regime with lower tax rates and hence have to bear a one-time non-cash adjustment of Rs 5.06 crore as re-measurement of Deferred Tax Assets due to which, profit for has exceptional decrease and consequential net profit without considering above said adjustment is Rs 4,311.29 lakhs PAT Margin was 9.93% Basic EPS stood at Rs 23.31 Commenting on this result, Mr.Vijay Bansal, (Chairman & Managing Director) of Cantabil Retail India Limited said “We are happy to announce that the Company has produced excellent set of numbers for FY22 on the back of enormous efforts put in by the team. We took the past several quarters as a challenge and built-in strategies and mechanisms to overcome them. And hence in Q4FY22 we recorded revenue of Rs 133.29 crores with EBITDA and PAT (w/o IND-AS 116) of Rs 22.68 crores and Rs 9.34 crores respectively and for full-year ended 31st March 2022 we recorded revenue of Rs 383.39 crores with EBITDA and PAT (w/o IND-AS 116) of Rs 75.79 crores and Rs 41.82 crores respectively. We have decided to exercise the option of new taxation regime with lower tax rates and hence have to bear a one-time non-cash adjustment of Rs 5.06 crore as remeasurement of Deferred Tax Assets leading to slightly lower PAT. We stuck to our plan of targeting new locations and geographies, opening new stores and pushing in through right branding tools. This enabled us to show quick recovery with increasing ticket size and higher NOBs. At the same time, we have been contemplating over the need to have a bigger warehousing facility and corporate office that can take care of various tasks of the organisation considering the future expansion plan and, in this regard, we have invested in the same that would result in better efficiencies and enable us to manage inventory and supply chain more efficiently. Also, we have invested in our manufacturing facility at Bahadurgarh by setting up a washing facility and installed some of the most advanced machines to stick to our promise of providing the best quality product at the most affordable price. Our Cash Flow has been solid that has enabled us to repay the entire loan and now we are a debt-free Company. As of 31st March 2022, the Company has total of 378 stores and we shall try to keep up with the current pace of growth. I would like to thank the entire team of CRIL, as well as all our stakeholders, whose faith and efforts enable us to stay focused and generate better results.” Result PDF
Apparels & Accessories company Cantabil Retail India declares Q3FY22 result: Current total number of stores - 360 9MFY22 Revenue at Rs.250.10crore 9MFY22 EBITDA (w/o IND-AS 116 effect) at Rs. 53.11crore 9MFY22 EBIDTA Margin (w/o IND-AS 116 effect) at 21.24% 9MFY22 PAT (w/o IND-AS 116 effect) at Rs 32.48 crore 9MFY22 PAT Margin (w/o IND-AS 116 effect) at 12.99% Commenting on this result, Mr.Vijay Bansal, (Chairman & Managing Director) of Cantabil Retail India Limited said “We have recorded a sales revenue of Rs.131.72 crores with EBITDA and PAT (w/o IND-AS 116) of Rs. 37.48 crores and Rs. 24.67 crores respectively for this quarter and for nine-months ended we recorded a revenue of Rs. 250.10 crores with EBITDA and PAT (w/o IND-AS 116) of 53.11 crores and Rs. 32.48 crores respectively. This is mainly on account of higher utilization, better gross margins, increasing footfalls and lower discount on sales. As for this quarter we have opened a total of 21 new stores – in sync with our medium-term growth plan along with better shopping experience and higher customer satisfaction. We plan to continue focusing on expanding our network of stores and increasing per-store sales and efficiencies. This quarter also benefited due to festival and wedding season in the country, increasing sales of clothes catering to such events. The Company has a total of 360 stores as on 31st December 2022. Overall, we remain focused on creating value for our stakeholders and managing the business for the long term to transform our business and our ways of working. I am thankful to the entire team at CRIL for overcoming gripping uncertainties and delivering good results.” Result PDF