Cantabil Retail India Limited is an India-based company engaged in the business of designing, manufacturing, branding, and retailing of apparel and apparel accessories through a chain of retail stores under its flagship brand, Cantabil. The company was incorporated on February 09, 1989, as 'Kapish Sales Private Limited' and is headquartered in New Delhi, India. Initially focused on wholesale garment accessories, it has evolved through several name changes and corporate restructuring into a leading apparel retailer.
Cantabil offers a comprehensive range of formal-wear, party-wear, casuals, and ultra-casual clothing for men and women, catering to the middle to high-income group. It also operates through segments dedicated to Men's wear, Women's Wear, and Kids Wear.
Cantabil Retail India Limited currently has a market capitalization of ₹2,319 crore as of recent data. The company generated a revenue of INR 621 crore for the financial year ending on March 31, 2024, representing an increase over the ₹5.93 billion recorded in 2023, reaching ₹6.96 billion in 2024.
The company's recent quarterly performance demonstrates promising growth trends. In the first quarter of the 2025 financial year, Cantabil Retail India Limited reported a 14.4% year-on-year revenue growth, with a net profit of Rs 11.4 crore. Total revenue for the quarter was Rs 127.9 crore, and profits after tax stood at 8.9%.
- Q1 FY2025 Performance: Revenue growth of 14.4% YoY, Net Profit of ₹11.4 crore, Revenue total of ₹127.9 crore, PAT at 8.9%
- FY2024 Performance: Revenue of ₹6.96 Billion (up from ₹5.93 Billion in 2023)
- Trailing 12-month (TTM) Performance: Operating revenue of ₹721.07 crore
- Annual Revenue Growth: 17% (Outstanding)
- Pre-tax Margin: 14% (Healthy)
- ROE: 19% (Exceptional)
- Market Capitalization: ₹2,319 crore (as of recent data)
- Promoter Holding: 74.09% (as of Mar 2025)
- Stock P/E: 31.0
- Book Value: ₹47.0
- Dividend Yield: 0.32%
- ROCE: 18.2%
- ROE: 20.8%
- Employee Count: 2,035 (as of May 31, 2025)
CRIL's operations encompass designing, manufacturing, branding, and retailing branded apparel and accessories for men, women, and kids across economy to mid-range price segments. This is achieved through a pan-India network of Exclusive Brand Outlets (EBOs) under the Cantabil brand.
The company is pursuing an aggressive expansion strategy to enhance its market reach. As of July 2025, Cantabil had a total of 607 showrooms, having opened 3 new showrooms in June 2025, following 3 new showrooms in May 2025 (bringing the total to 604 previously). For the full year, the company is targeting 80 to 85 new store openings.
In Q2 and H1 FY2025, Cantabil demonstrated resilience with a 15.5% volume growth, despite challenges like a 3% decline in same-store sales and sluggish consumer demand. Management is optimistic about future performance, especially during the festive season.
CMD Vijay Bansal noted, "FY 25 has started on a positive note with [the] company delivering a double-digit volume growth of 18% in total and achieving a positive SSG. This was achieved despite a lower wedding season demand and heat wave conditions specifically in north India impacting the consumption." The company is strategically expanding its footprint by focusing on larger store formats and e-commerce growth, reflecting a proactive approach to enhancing profitability and adapting to evolving market dynamics.
Cantabil Retail India Limited boasts a strong and debt-free balance sheet, enabling stable earnings growth across business cycles. The company has made significant investments in manufacturing infrastructure, including facilities in Haryana, to support its growth plans and reduce dependence on third-party manufacturers, thereby strengthening its supply chain and operational control.
The promoter holding in Cantabil Retail India Ltd has remained stable at 74.09 per cent as of March 2025 (consistent with June 2024), indicating strong management confidence in the company's future prospects.
While short-term pressures exist due to higher inventory levels and increased depreciation costs, gross margins have expanded, attributable to effective pricing strategies. The company's strategic expansion into omni-channel retailing, combined with its robust brand recognition and debt-free status, positions it well to capitalize on the recovery in consumer discretionary spending. With an extensive retail network and a focus on customer experience, Cantabil Retail India is poised to strengthen its position in the competitive apparel retail market.
