Shivendra Nigam
CFO, CANTABIL RETAIL INDIA LTD.
In Q4FY23, the company registered a 30 per cent growth on YoY basis to ₹172.8 crore, while the net profit zoomed by 107.80 per cent from the corresponding quarter last year to ₹16.9 crore. What were the contributing factors for the company’s stellar performance?
Cantabil Retail India has been experiencing a journey of growth with a robust emphasis on extending its retail presence and inaugurating 6-7 stores each month. The company’s recent strategy, spanning the past three years, to broaden our reach not only across Tier I cities but also into Tier II and Tier III cities and beyond, has yielded remarkable success. Our approach involves a dynamic expansion plan aimed at swiftly augmenting our visibility both offline and in the online realm. In FY 2022–23, Cantabil Retail India opened 69 new retail stores across 14 states, enhancing brand recognition and reach. With a total of 469 stores opened to date, the company has become a prominent player in the retail industry.
This story is from the August 14, 2023 edition of Dalal Street Investment Journal.
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This story is from the August 14, 2023 edition of Dalal Street Investment Journal.
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