Cantabil Retail FY20 revenue grows 17% to ₹338 cr

01 Jul '20

2 min read

Pic: Cantabil Retail

Cantabil Retail India Ltd, an apparel manufacturer and retailer, has reported 17.15 per cent revenue growth to ₹338.04 crore in fiscal 2020 ended on March 31, 2020 compared to revenue of ₹288.55 crore in previous fiscal year. EBIDTA (earnings before interest, taxes, depreciation, and amortisation) rose to ₹84.85 crore (FY19: ₹29.61 crore).

Profit After Tax for the year was ₹16.43 crore

“The lockdown in India did impact our business as well as none of the stores were operational during the third and fourth week of March which has further squeezed our topline and PAT as the fourth quarter is the largest contributor to the full year financials,” Vijay Bansal, chairman and managing director of Cantabil Retail, said in a press release.

Company’s revenue during the fourth quarter (Q4) FY20 increased 7.08 per cent to ₹99.91 crore (Q4 FY19: ₹93.31 crore). EBITDA for the quarter were ₹21.05 crore.

During FY20, company's segmental revenue break-up remained almost unchanged with men’s wear contributing 85 per cent, followed by women’s wear 11 per cent, accessories 3 per cent and kids wear 1 per cent.

“This quarter we were not able to match our quarterly target but overall outperformed our yearly targets,” Bansal said.

I am happy to share that we have resumed majority operations and 272 out of 302 stores are fully functional from June. The company currently has a total network of 302 stores all over the county with over 60 new stores added this year.”

Fibre2Fashion News Desk (JL)

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