Cantabil
| Company type | Public |
|---|---|
| BSE: CANTABIL NSE: CANTABIL | |
| Industry | Retail |
| Founded | 1989 |
| Founder | Vijay Bansal |
| Headquarters | New Delhi, India |
Area served | India |
Key people | Vijay Bansal (Chairman & Managing Director) |
| Products | Clothing |
| Revenue |  ₹6.16 billion (FY 2023-24)[1] |
Number of employees | 3800+ (2024)[2] |
| Website | www.cantabilinternational.com |
Cantabil is an Indian clothing retail company that designs, manufactures, and sells apparel for men, women, and children. The company operates under the legal name Cantabil Retail India Limited and was founded in 1989 by Vijay Bansal.[3] It is headquartered in New Delhi, India, and has over 550 stores across 220 cities in India.[4][5][6]
History
[edit]Cantabil Retail India Limited began its operations in 1989 as a private limited company named Kapish Sales Pvt. Ltd., initially focusing on distributing zippers and buttons.[7] The company shifted to apparel retailing in 2000, launching its first store in Rajouri Garden, New Delhi.[8] The success of this store led to a significant expansion into other segments of clothing, including women's and children's wear.[9][10]
Operations
[edit]Cantabil's manufacturing facility is located in Bahadurgarh, Haryana, and spans 1.5 lakh sq. ft.[11] The facility has an annual production capacity of 1.5 million garments.[12] The company follows an integrated business model that includes designing, manufacturing, and retailing.[13] This model allows for greater control over quality and cost management.[14]
Financial Information
[edit]Cantabil is a publicly traded company, listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) under the ticker symbol CANTABIL.[15] For the financial year ending March 2024, Cantabil reported a revenue of ₹6.16 billion, reflecting an 11.52% growth compared to the previous year.[16] Analysts have projected growth in demand in the second half of 2024, driven by a stronger retail presence and improved consumer spending.[17][18][19]
Expansion
[edit]Cantabil is focusing on expanding its retail network, especially in Tier 2 and Tier 3 cities across India.[20][21] The company has set a target for a 15% volume growth in the fiscal year 2025.[22][23] Additionally, it has invested in expanding its manufacturing capabilities and improving supply chain management to meet rising demand.[24][25][26]
See also
[edit]References
[edit]- ^ "Cantabil Retail India Revenue Report FY 2024". Retrieved October 21, 2024.
- ^ "Employee Strength of Cantabil". Retrieved October 21, 2024.
- ^ "Company Overview: Cantabil Retail India Ltd". Retrieved October 21, 2024.
- ^ "Cantabil's Store Expansion and Growth". Retrieved October 21, 2024.
- ^ "Cantabil Retail India Upgraded to 'Hold' by MarketsMOJO, Promoters Show Confidence". Markets Mojo. Retrieved 2024-10-21.
- ^ "Fashion Retailer Cantabil Crosses 550 Store Mark". India Retailing. September 5, 2024. Retrieved October 21, 2024.
- ^ "History of Cantabil Retail India Ltd". Retrieved October 21, 2024.
- ^ "Cantabil's Entry into Retail". Retrieved October 21, 2024.
- ^ "Cantabil Clothing Overview". Retrieved October 21, 2024.
- ^ "Ventura Securities' Vinit Bolinjkar Sees Growth In Cantabil Retail & Fino Payment Bank. Here's Why?". Business Today. 2024-10-14. Retrieved 2024-10-21.
- ^ "Cantabil's Manufacturing Facility". Retrieved October 21, 2024.
- ^ "Cantabil Production Capacity". Retrieved October 21, 2024.
- ^ "Cantabil Business Model". Retrieved October 21, 2024.
- ^ www.ETRetail.com. "Cantabil Retail profit falls, sales rise in Q1FY25 - ET Retail". ETRetail.com. Retrieved 2024-10-21.
- ^ "Cantabil Retail India Stock Information". Retrieved October 21, 2024.
- ^ "Revenue Growth for FY 2024". Retrieved October 21, 2024.
- ^ "Cantabil Retail India: Demand to Pick Up from H2; Valuations Attractive". Retrieved October 21, 2024.
- ^ "Cantabil Retail India Standalone Net Profit Declines in June 2024 Quarter". Retrieved October 21, 2024.
- ^ "Cantabil Retail India's Net Profit Drops 7% In Q1FY25". BW Businessworld. Retrieved 2024-10-21.
- ^ "Retail ET: Cantabil's Investment in Tier II Cities". Retrieved October 21, 2024.
- ^ News-Desk, Apparel Resources (2024-08-30). "Cantabil to invest Rs. 20 crore for deeper penetration into Tier-2 cities and beyond | Retail News India". Apparel Resources. Retrieved 2024-10-21.
- ^ "Cantabil Retail Targets 15% Volume Growth in FY25". Retrieved October 21, 2024.
- ^ Jain, Shakshi. "Cantabil eyes 25% topline growth in FY25; to open 90 new stores this fiscal". Deccan Herald. Retrieved 2024-10-21.
- ^ "Ventura Securities: Growth Prospects for Cantabil". Retrieved October 21, 2024.
- ^ Team, afaqs! Content. "afaqs! Pause - Deepak Bansal, Director, Cantabil Retail India Ltd". www.afaqs.com. Retrieved 2024-10-21.
- ^ "Cantabil Opens Four New Delhi Sites - Retail & Leisure International". 2024-09-09. Retrieved 2024-10-21.