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Cantabil Retail India’s FY23 Net Profit Soars 77%!

16 May 20232 mins read by Angel One
Cantabil Retail India unveils spectacular financial results, surges 4.74% today.
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Cantabil Retail India reported a 107.88% increase in net profit for the fourth quarter that ended on March 31, 2023, from Rs 8.12 crore to Rs 16.88 crore. In Q4FY23, the company’s total revenue climbed by 28.35% to Rs 173.91 crore from Rs 135.50 crore to Rs 173.91 crore in the similar quarter the year prior.  

The company reported a 76.67% increase in net profit for the fiscal year that ended on March 31, 2023, from Rs 38.06 crore to Rs 67.24 crore. When compared to the year ended March 31, 2022, the company’s total revenue climbed by 39.48%, reaching Rs 556.13 crore from Rs 398.72 crore for the year under review.    

In the last trading session the company was closed at Rs 997.10 and today it was opened at Rs 1007.70. It saw a high of Rs 1088 and low of Rs 1004.65 and closed at Rs 1044.40, up by 4.74% with 7,749 shares traded over the counter at BSE.  

The BSE group ‘B’ stock has a market cap of around Rs 1705 crore, with a 52-week high of Rs 1595 and a 52-week low of Rs 800.50. The company is in the business of designing, manufacturing, branding and retailing of apparels under the brand names of “CANTABIL” and “La FANSO”. The company started its garments manufacturing and retailing business in 2000 and opened its first CANTABIL store in September, 2000 in New Delhi.  

The “CANTABIL” brand offers a complete range of formalwear, party-wear, casuals and ultracasual clothing for men, women and kids in the middle to high income group. At present, the company has 3 in-house manufacturing / finishing units and 4 warehouses located in Delhi. It also has 3 third party dedicated units manufacturing exclusively for the company.  

The promoters’ holding in the company stood at 74.97%, while non-institutions held 25.03%.  

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