India's Cantabil Retail's revenue surges 23.82% in Q3 FY23

EBITDA (excluding other income) in Q3 FY23 stood at ₹55.94 crore, demonstrating a growth of 18.38 per cent due to higher per unit realisations and better procurement pricing. The EBITDA margin was 34.30 per cent, while the profit after tax (PAT) was at ₹26.95 crore with a PAT margin of 16.53 per cent. The basic earnings per share (EPS) for the quarter was ₹16.51, the company said in a press release.

For the first nine months (9M) of fiscal 2023, ended December 31, 2022, revenue from operations was at ₹379.86 crore as against ₹250.10 crore in 9M FY22, an YoY increase of 51.88 per cent mainly on account on increasing contribution from existing stores combined with rising contribution from newly opened stores during the nine-month period in FY23. EBITDA (excluding other income) stood at ₹122.69 crore.

In 9M FY23, PAT was ₹50.36 crore, and the PAT margin was 13.26 per cent. The basic EPS for the nine-month period was ₹30.84.

Vijay Bansal, chairman and managing director of Cantabil Retail India Limited, said: “During the quarter, we have opened 19 new stores with the aim to further diversify our presence across geographies and increase market share in the mid-premium segment. As part of our strategy to systematically expand our product offerings and cater to a larger customer base, we have 22 exclusive women’s and kids’ wear outlets. We remain confident that such initiatives add strength and resilience to the portfolio, helping achieve our targeted topline of ₹1,000 crore in the next few years.

“We believe that our well-defined plan of expansion with the underpinning of quality products at reasonable prices provides us the confidence of delivering strong value to stakeholders.”

These financials are as per the IND AS guidelines, the release added.

Fibre2Fashion News Desk (DP)