On standalone basis
Quarter ended December
2024 compared with Quarter ended December 2023.
Net sales (including other operating income) of Cantabil Retail India has
increased 26.82% to Rs 222.92 crore.
Operating profit margin
has jumped from 30.85% to 32.52%, leading to 33.70% rise in operating profit to
Rs 72.49 crore. Raw material cost as a % of total sales (net of
stock adjustments) decreased from 16.30% to 14.81%. Purchase of
finished goods cost fell from 19.09% to 18.05%. Employee cost
decreased from 16.13% to 16.08%. Other expenses fell from 20.49% to
20.35%.
Other income up 47.48%
to Rs 2.05 crore. PBIDT rose 34.04% to Rs 74.54
crore. Provision for interest up 20.10% to Rs 9.32 crore.
PBDT rose 36.30% to Rs
65.22 crore. Provision for depreciation rose 18.45% to Rs 20.03
crore.
Profit before tax grew
46.06% to Rs 45.19 crore. Provision for tax was expense of Rs 10.8
crore, compared to Rs 6.84 crore. Effective tax rate was 23.90%
compared to 22.11%.
Profit after tax rose
42.70% to Rs 34.39 crore.
Promoters’ stake was
74.09% as of 31 December 2024 ,compared to 74.97% as of 31 December 2023
.
Year-to-date (YTD) results analysis
Net sales (including other operating
income) of Cantabil Retail India has increased 19.16% to Rs 502.04
crore.
Operating profit margin
has jumped from 27.98% to 29.16%, leading to 24.18% rise in operating profit to
Rs 146.40 crore. Raw material cost as a % of total sales (net of
stock adjustments) decreased from 19.10% to 17.17%. Purchase of
finished goods cost rose from 14.25% to 17.34%. Employee cost
decreased from 18.98% to 18.66%. Other expenses fell from 21.70% to
20.78%.
Other income up 60.45%
to Rs 4.99 crore. PBIDT rose 25.12% to Rs 151.39
crore. Provision for interest up 17.06% to Rs 25.66
crore.
PBDT rose 26.90% to Rs
125.73 crore. Provision for depreciation rose 30.27% to Rs 57.45
crore.
Profit before tax grew
24.19% to Rs 68.28 crore. Provision for tax was expense of Rs 15.93
crore, compared to Rs 11.11 crore. Effective tax rate was 23.33%
compared to 20.21%.
Profit after tax rose
19.33% to Rs 52.35 crore.
Promoters’ stake was
74.09% as of 31 December 2024 ,compared to 74.97% as of 31 December 2023
.
Full year results analysis
Net sales (including other operating income) of Cantabil Retail India has
increased 11.52% to Rs 616.49 crore.
Operating profit margin
has declined from 29.79% to 26.40%, leading to 1.19% decline in operating
profit to Rs 162.74 crore. Raw material cost as a % of total sales
(net of stock adjustments) decreased from 22.94% to 18.63%.
Purchase of finished goods cost rose from 14.27% to 14.82%.
Employee cost increased from 15.62% to 18.76%. Other
expenses rose from 20.80% to 22.06%.
Other income up 6.12% to
Rs 4.68 crore. PBIDT fell 1% to Rs 167.42
crore. Provision for interest up 13.28% to Rs 29.77
crore. Loan funds rose to Rs 335.94 crore as of 31 March 2024 from
Rs 286.13 crore as of 31 March 2023. Inventories rose to Rs 230.03 crore
as of 31 March 2024 from Rs 216.92 crore as of 31 March 2023. Sundry
debtors were higher at Rs 15.19 crore as of 31 March 2024 compared to Rs 11.88
crore as of 31 March 2023. Cash and bank balance rose to Rs 38.12
crore as of 31 March 2024 from Rs 1.44 crore as of 31 March
2023. Investments declined from Rs 0.11 crore as of 31 March 2023 to
Rs 0.09 crore as of 31 March 2024.
PBDT fell 3.63% to Rs
137.65 crore. Provision for depreciation rose 16.43% to Rs 62.35
crore. Fixed assets increased to Rs 436.07 crore as of 31 March 2024
from Rs 338.88 crore as of 31 March 2023. Intangible assets declined
from Rs 1.43 crore to Rs 1.39 crore.
Profit before tax down
15.66% to Rs 75.30 crore. Provision for tax was expense of Rs 14.58
crore, compared to Rs 22.04 crore. Effective tax rate was 18.98%
compared to 24.69%.
Profit after tax fell
7.47% to Rs 62.22 crore.
Promoters’ stake was
73.28% as of 31 March 2024 ,compared to 74.97% as of 31 March 2023
.
Cash flow from operating
activities increased to Rs 126.68 crore for year ended March 2024 from Rs 75.13
crore for year ended March 2023. Cash flow used in acquiring fixed
assets during the year ended March 2024 stood at Rs 55.60 crore, compared to Rs
34.40 crore during the year ended March 2023.
Dividend:
The board has declared interim dividend of Rs 0. 50 per equity share @ 25% on a
face value of Rs. 2/- per share for the FY 2024-25.
Operational highlights: The
Company added net 43 stores in 9M FY25 taking the total tally to 576 stores as
at December 31, 2024. The company intends to increase its store count to 700+
in next 2 years.
Management Commentary:
Commenting on the results, Mr. Vijay Bansal Chairman &
Managing Director of Cantabil Retail India said : “We are pleased to
report a historical quarterly performance for Q3FY25 setting various
benchmarks. The record SSG of 17.7% achieved during the quarter underscores the
robustness of our brand. The achievement of a historical high in quarterly
revenue and Profit After Tax (PAT), despite a challenging market environment,
is a testament to our customer-centric approach, highlights the brand`s
competitive advantage and its potential for sustained growth and market
leadership.
We are focused on executing a
multi-pronged strategy aimed at augmenting customer convenience, strengthening
our brand proposition, and driving business growth through expanded market
presence and diversified offerings.
The government`s strategy to
boost consumer demand through sustainable measures, including direct tax cuts,
is anticipated to produce desirable results. The overall revival in consumer
sentiment is expected to disproportionately benefit companies that have
invested in building strong brand equity, nurturing customer relationships, and
establishing a solid market presence. We are committed to shifting gears,
capitalizing on emerging opportunities, and solidifying our position as a
leader in the fashion apparel sector.
On the expansion front, the
Company accelerated its store expansion strategy by opening 43 stores (net)
during 9M FY24.” | Cantabil Retail India : Standalone Results | | Quarter ended | Year to Date | Year ended |
|---|
| Particulars | 202412 | 202312 | Var.(%) | 202412 | 202312 | Var.(%) | 202403 | 202303 | Var.(%) |
|---|
| Net Sales (including other operating income) | 222.92 | 175.77 | 26.82 | 502.04 | 421.33 | 19.16 | 616.49 | 552.79 | 11.52 | | OPM (%) | 32.52 | 30.85 | 167 bps | 29.16 | 27.98 | 118 bps | 26.40 | 29.79 | -340 bps | | OP | 72.49 | 54.22 | 33.70 | 146.40 | 117.89 | 24.18 | 162.74 | 164.70 | -1.19 | | Other Inc. | 2.05 | 1.39 | 47.48 | 4.99 | 3.11 | 60.45 | 4.68 | 4.41 | 6.12 | | PBIDT | 74.54 | 55.61 | 34.04 | 151.39 | 121.00 | 25.12 | 167.42 | 169.11 | -1.00 | | Interest | 9.32 | 7.76 | 20.10 | 25.66 | 21.92 | 17.06 | 29.77 | 26.28 | 13.28 | | PBDT | 65.22 | 47.85 | 36.30 | 125.73 | 99.08 | 26.90 | 137.65 | 142.83 | -3.63 | | Depreciation | 20.03 | 16.91 | 18.45 | 57.45 | 44.1 | 30.27 | 62.35 | 53.55 | 16.43 | | PBT | 45.19 | 30.94 | 46.06 | 68.28 | 54.98 | 24.19 | 75.3 | 89.28 | -15.66 | | PBT before EO | 45.19 | 30.94 | 46.06 | 68.28 | 54.98 | 24.19 | 75.3 | 89.28 | -15.66 | | EO Income | 0 | 0 | - | 0 | 0 | - | 1.5 | 0 | - | | PBT after EO | 45.19 | 30.94 | 46.06 | 68.28 | 54.98 | 24.19 | 76.8 | 89.28 | -13.98 | | Taxation | 10.8 | 6.84 | 57.89 | 15.93 | 11.11 | 43.38 | 14.58 | 22.04 | -33.85 | | PAT | 34.39 | 24.1 | 42.70 | 52.35 | 43.87 | 19.33 | 62.22 | 67.24 | -7.47 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 34.39 | 24.1 | 42.70 | 52.35 | 43.87 | 19.33 | 62.22 | 67.24 | -7.47 | | EPS (Rs)* | 4.11 | 2.88 | 42.70 | 6.26 | 5.25 | 19.33 | 7.29 | 8.04 | -9.27 | | | * EPS is on current equity of Rs 16.73 crore, Face value of Rs 2, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
|
|
Peer Comparision (Standalone)
|
Q-202412
|
Sales
(Rs. Crs)
|
var.(%)
|
OP
(Rs. Crs)
|
var.(%)
|
Net Profit
(Rs. Crs)
|
var.(%)
|
Share Price(Rs)
10-Feb-2025
|
var.(%)
over
One year
|
TTM EPS
|
TTM PE
|
|
Cantabil Retail India Ltd
|
222.92
|
26.82
|
72.49
|
33.7
|
34.39
|
42.7
|
308.40
|
38.54
|
8.30
|
37.15
|
|
Aarnav Fashions Ltd
|
94.68
|
17.54
|
10.06
|
49.48
|
4.32
|
217.65
|
63.87
|
106.83
|
2.47
|
25.82
|
|
Alan Scott Industries Ltd
|
0.00
|
-
|
-0.29
|
12.12
|
1.61
|
LP
|
184.25
|
80.78
|
2.01
|
91.66
|
|
Arex Industries Ltd
|
13.20
|
1.15
|
2.58
|
-26.7
|
0.98
|
-33.33
|
166.50
|
22.70
|
6.09
|
27.36
|
|
Axita Cotton Ltd
|
228.04
|
-14.05
|
-1.36
|
PL
|
-1.82
|
PL
|
11.01
|
-37.55
|
0.21
|
53.18
|
|
Bella Casa Fashion & Retail Ltd
|
80.80
|
39.41
|
7.23
|
61.38
|
3.51
|
39.84
|
440.30
|
119.59
|
10.85
|
40.60
|
|
Dhanlaxmi Fabrics Ltd
|
1.97
|
-44.35
|
1.67
|
LP
|
-0.72
|
7.69
|
56.32
|
-4.09
|
-5.73
|
-
|
|
Fiberweb (India) Ltd
|
25.18
|
71.41
|
5.50
|
202.2
|
3.55
|
130.52
|
44.75
|
25.91
|
4.69
|
9.54
|
|
Garware Technical Fibres Ltd
|
352.66
|
31.43
|
57.91
|
28.35
|
42.39
|
18.47
|
826.45
|
21.07
|
23.36
|
35.38
|
|
Globe Textiles (India) Ltd
|
146.35
|
57.65
|
6.21
|
4.37
|
1.60
|
-2.44
|
4.02
|
41.55
|
0.16
|
25.90
|
|
Go Fashion (India) Ltd
|
214.73
|
6.23
|
69.78
|
3.35
|
24.32
|
3.93
|
888.45
|
-22.79
|
16.04
|
55.38
|
|
Gokaldas Exports Ltd
|
625.22
|
14.74
|
64.84
|
-0.95
|
49.41
|
26.47
|
957.75
|
9.29
|
27.57
|
34.74
|
|
Hindoostan Mills Ltd
|
5.45
|
-74.67
|
-2.01
|
-1727.27
|
-1.96
|
PL
|
209.95
|
-30.50
|
-46.45
|
-
|
|
Iris Clothings Ltd
|
33.38
|
42.16
|
6.03
|
11.67
|
2.37
|
19.1
|
59.53
|
-24.26
|
1.49
|
40.07
|
|
Jasch Industries Ltd
|
49.25
|
5.37
|
3.15
|
-42.52
|
1.69
|
-50.44
|
192.80
|
-40.36
|
8.37
|
23.04
|
|
K P R Mill Ltd
|
946.92
|
9.17
|
182.35
|
19.26
|
137.26
|
21.6
|
891.75
|
19.65
|
20.06
|
44.45
|
|
Kewal Kiran Clothing Ltd
|
201.74
|
0.77
|
36.44
|
-6.23
|
23.11
|
-30.6
|
542.90
|
-26.98
|
24.42
|
22.23
|
|
Lagnam Spintex Ltd
|
148.39
|
20.08
|
15.13
|
32.26
|
2.35
|
-49.13
|
119.36
|
-3.66
|
6.57
|
18.17
|
|
Mallcom (India) Ltd
|
113.48
|
23.33
|
15.16
|
45.77
|
9.43
|
53.58
|
1,250.15
|
20.42
|
64.05
|
19.52
|
|
Manomay Tex India Ltd
|
185.89
|
49.18
|
24.54
|
91.42
|
6.03
|
56.62
|
205.00
|
11.35
|
11.07
|
18.52
|
|
Meyer Apparel Ltd
|
0.26
|
-76.58
|
-0.28
|
36.36
|
-0.27
|
27.03
|
1.36
|
-20.93
|
-0.15
|
-
|
|
Nandan Denim Ltd
|
926.15
|
100.39
|
29.02
|
-10.24
|
6.58
|
-17.34
|
4.55
|
34.22
|
0.35
|
13.13
|
|
Nandani Creation Ltd
|
13.44
|
33.33
|
1.60
|
-13.04
|
0.41
|
-41.43
|
54.59
|
-4.01
|
2.97
|
18.40
|
|
Page Industries Ltd
|
1,313.05
|
7.14
|
302.52
|
33.6
|
204.66
|
34.34
|
43,614.30
|
20.88
|
603.68
|
72.25
|
|
Pioneer Embroideries Ltd
|
95.78
|
12.97
|
7.64
|
26.91
|
2.20
|
3566.67
|
49.05
|
-2.02
|
1.83
|
26.75
|
|
Premco Global Ltd
|
16.33
|
7.86
|
0.22
|
-80.18
|
12.19
|
867.46
|
442.95
|
16.63
|
44.24
|
10.01
|
|
Raymond Lifestyle Ltd
|
1,340.04
|
-0.85
|
150.90
|
-33.45
|
53.57
|
-61.36
|
1,242.10
|
0.00
|
16.67
|
74.50
|
|
Rupa & Company Ltd
|
314.24
|
0.89
|
37.87
|
15.49
|
23.65
|
14.58
|
222.45
|
-18.17
|
9.94
|
22.37
|
|
S P Apparels Ltd
|
233.56
|
4.36
|
38.70
|
3.64
|
18.01
|
-19.13
|
852.20
|
50.49
|
34.13
|
24.97
|
|
Samtex Fashions Ltd
|
0.00
|
-
|
-0.08
|
-60
|
-0.08
|
-33.33
|
2.76
|
1.10
|
-0.04
|
-
|
|
SBC Exports Ltd
|
50.02
|
4.62
|
1.54
|
-59.58
|
3.27
|
15.14
|
19.93
|
-10.35
|
0.53
|
37.46
|
|
Sheshadri Industries Ltd
|
8.60
|
121.65
|
2.25
|
LP
|
1.60
|
LP
|
15.46
|
-7.43
|
4.60
|
3.36
|
|
Shoppers Stop Ltd
|
1,311.46
|
8.67
|
239.93
|
11.4
|
48.78
|
37.18
|
598.35
|
-18.41
|
2.65
|
225.97
|
|
Sky Industries Ltd
|
19.81
|
-0.6
|
2.20
|
12.24
|
1.26
|
1.61
|
119.35
|
43.73
|
8.14
|
14.67
|
|
Southern Latex Ltd
|
0.00
|
-
|
-0.05
|
0
|
0.01
|
0
|
20.97
|
0.62
|
0.29
|
73.48
|
|
Suditi Industries Ltd
|
21.88
|
46.85
|
1.76
|
LP
|
1.30
|
LP
|
42.89
|
148.35
|
-2.34
|
-
|
|
Suryavanshi Spinning Mills Ltd
|
0.24
|
0
|
-0.11
|
-120
|
-0.08
|
33.33
|
25.15
|
-9.73
|
-2.77
|
-
|
|
T T Ltd
|
56.58
|
8.37
|
2.77
|
35.78
|
1.01
|
LP
|
151.65
|
38.94
|
0.35
|
437.41
|
|
Trident Texofab Ltd
|
31.69
|
37.72
|
2.42
|
27.37
|
0.26
|
-53.57
|
165.15
|
172.52
|
1.46
|
113.17
|
|
V2 Retail Ltd
|
590.94
|
58.11
|
110.89
|
83.11
|
50.88
|
111.21
|
1,853.70
|
397.77
|
19.69
|
94.15
|
|
Vaxtex Cotfab Ltd
|
0.00
|
-
|
-0.37
|
95.72
|
-0.39
|
95.48
|
0.85
|
-39.29
|
-0.06
|
-
|
|
Vedant Fashions Ltd
|
511.28
|
7.76
|
242.21
|
0.07
|
157.98
|
0.17
|
928.15
|
-3.61
|
16.57
|
56.03
|
|
Voith Paper Fabrics India Ltd
|
40.78
|
-1.85
|
9.77
|
-18.65
|
8.01
|
-16.39
|
1,799.95
|
-12.02
|
81.91
|
21.97
|
|
Welspun Living Ltd
|
1,970.34
|
5.66
|
188.69
|
-6.11
|
87.82
|
-15.78
|
126.60
|
-17.34
|
5.71
|
22.16
|
|
Wires & Fabriks (S.A) Ltd
|
29.21
|
0.65
|
4.31
|
-12.22
|
0.69
|
18.97
|
194.10
|
27.32
|
4.90
|
39.59
|
|
Industry
|
12,585.93
|
13.81
|
1,953.73
|
9.07
|
1,027.14
|
6.37
|
199,664.40
|
25.28
|
|
57.20
|
|