CANTABIL - Cantabil Retail
📢 Recent Corporate Announcements
Cantabil Retail India Limited reported a robust performance for Q3 FY26, with revenue growing 19% YoY to ₹264.4 crore and PAT increasing 31% to ₹45.1 crore. The company achieved a healthy 9-month same-store sales growth (SSG) of 6.3% and expanded its retail footprint to 646 stores across 8.82 lakh square feet. Management reaffirmed its 'Vision 2027' goal of reaching ₹1,000 crore in revenue by FY27, supported by GST rationalization benefits and consistent gross margins of 58-59%. The EBITDA margin for the quarter improved significantly to 36% from 32.6% in the previous year.
- Q3 FY26 PAT surged 31% YoY to ₹45.1 crore with EBITDA margins improving to 36%.
- 9-month FY26 revenue grew 20% to ₹599.1 crore, supported by a 6.3% same-store sales growth (SSG).
- Total store network reached 646 outlets, with revenue per square foot for mature stores at ₹1,018 for the quarter.
- Management targets ₹1,000 crore revenue by FY27 with sustainable gross margins of 58-59%.
- Franchise stores now account for 131 outlets (20% of total), operating on a fixed commission model of 27-28%.
Cantabil Retail India Limited has officially shared the audio recording link for its investor call held on February 6, 2026. This disclosure is a standard regulatory requirement following the company's interaction with analysts and institutional investors. The recording allows stakeholders to listen to management's detailed commentary on business operations and strategic outlook. The link is hosted on the company's official website for public access.
- Investor call successfully conducted on February 6, 2026.
- Audio recording link provided for transparency: https://cantabilinternational.com/Downloads/10040276.mp3.
- Compliance with SEBI Listing Obligations and Disclosure Requirements (LODR) maintained.
Cantabil Retail India Limited has announced an interim dividend of ₹0.75 per equity share for the financial year 2025-26. This payout represents 37.50% of the face value of ₹2 per share. The Board of Directors approved the distribution during their meeting on February 6, 2026. Shareholders must be on the company's records by February 20, 2026, to be eligible for the payment.
- Interim dividend of ₹0.75 per equity share declared for FY 2025-26
- Dividend payout ratio stands at 37.50% of the ₹2 face value
- Record date for dividend eligibility is fixed as February 20, 2026
- Board meeting concluded at 12:55 PM on February 6, 2026
Cantabil Retail reported a strong performance for Q3 FY26, with revenue growing 19% YoY to ₹264.4 crore and PAT increasing by 31% to ₹45.1 crore. The company expanded its footprint by adding 16 new stores during the quarter, bringing the total count to 646 across 317 cities. Operational metrics showed improvement with a 17.84% YoY volume growth and a healthy Same Store Sales Growth (SSG) of 5.85%. EBITDA margins also expanded significantly to 36.0% from 32.6% in the previous year's corresponding quarter.
- Revenue from operations grew 19% YoY to ₹264.4 crore in Q3 FY26.
- Net Profit (PAT) increased by 31% YoY to ₹45.1 crore with a PAT margin of 17.1%.
- Added 16 new stores in Q3, reaching a total of 646 stores and 8.82 lakh sq. ft. retail area.
- Volume growth stood at 17.84% YoY, while Average Basket Value (ABV) rose to ₹4,949.
- EBITDA grew 31% YoY to ₹95.2 crore, reflecting strong operational efficiency and margin expansion.
Cantabil Retail India reported a strong Q3 FY26 performance with a 31% YoY increase in net profit to ₹45.1 crores. Revenue for the quarter grew 19% to ₹264.4 crores, supported by a healthy 9M same-store growth (SSG) of 6.3%. Profitability margins saw significant expansion, with EBITDA margins rising to 36% from 32.6% in the year-ago period. The company continues its aggressive expansion, reaching a total of 646 stores across India.
- Q3 FY26 PAT increased by 31% YoY to ₹45.1 crores with a record PAT margin of 17.1%
- Revenue from operations for Q3 FY26 rose 19% YoY to ₹264.4 crores
- EBITDA margins expanded by 340 bps to 36.0% in Q3 FY26 compared to 32.6% in Q3 FY25
- 9M FY26 revenue and PAT grew by 20% and 27% respectively, reaching ₹599.1 Cr and ₹66.5 Cr
- Total retail footprint reached 646 stores across 8.82 lakh sq. ft. with a 6.3% SSG for 9M FY26
Cantabil Retail India Limited reported a strong performance for Q3 FY2026, with revenue from operations growing 18.8% year-on-year to ₹264.44 crore. The company's net profit surged by 30.3% to ₹45.32 crore compared to ₹34.77 crore in the same quarter last year. In light of these results, the Board declared an interim dividend of ₹0.75 per share (37.5% of face value) with a record date of February 20, 2026. For the nine-month period, the company maintained steady growth with a 25% increase in net profit to ₹65.95 crore.
- Revenue from operations increased by 18.8% YoY to ₹264.44 crore in Q3 FY26
- Net profit for the quarter rose 30.3% YoY to ₹45.32 crore from ₹34.77 crore
- Interim dividend of ₹0.75 per share declared on a face value of ₹2
- Earnings Per Share (EPS) improved to ₹5.39 for the quarter compared to ₹4.11 in Q3 FY25
- Nine-month PAT reached ₹65.95 crore, up from ₹52.76 crore in the previous year
Cantabil Retail India Limited reported a strong performance for Q3 FY26, with revenue from operations growing 18.8% year-on-year to ₹264.44 crore. Net profit for the quarter surged by 31.1% to ₹45.09 crore compared to ₹34.39 crore in the same period last year. The company also declared an interim dividend of ₹0.75 per share, with the record date set for February 20, 2026. For the nine-month period ending December 2025, the company maintained its growth trajectory with a total net profit of ₹66.52 crore.
- Revenue from operations increased by 18.8% YoY to ₹264.44 crore in Q3 FY26
- Net profit grew significantly by 31.1% YoY to ₹45.09 crore from ₹34.39 crore
- Earnings Per Share (EPS) improved to ₹5.39 from ₹4.11 in the previous year's corresponding quarter
- Declared an interim dividend of ₹0.75 per equity share (37.50% of face value)
- Nine-month (9M FY26) revenue reached ₹599.09 crore with a net profit of ₹66.52 crore
Cantabil Retail India Limited has successfully added 3 new showrooms to its retail network during the month of January 2026. This expansion brings the company's total store count to 651 outlets across India. The consistent addition of physical stores indicates a steady execution of the company's growth strategy to increase market penetration. Investors should look for the impact of this increased footprint on the upcoming quarterly revenue figures.
- Opened 3 new showrooms/shops across various locations in India during January 2026.
- The total number of operational showrooms/shops has reached 651.
- The expansion is part of the company's ongoing retail footprint growth strategy.
- The update was submitted in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.
Cantabil Retail India Limited has scheduled an earnings conference call for Friday, February 6, 2026, at 5:00 PM IST. The management team, including the Chairman & Managing Director and the CFO, will discuss the company's financial and operational performance for the third quarter and nine months of FY26. This call is a standard post-earnings event providing analysts and investors with insights into the company's growth and retail trends. Participants can join via the provided universal access numbers or pre-register through the Diamond Pass link.
- Earnings call scheduled for February 6, 2026, at 17:00 IST.
- Discussion will cover financial and operating performance for Q3 and 9M FY26.
- Top management including CMD Vijay Bansal and CFO Shivendra Nigam will be present.
- Universal dial-in numbers: +91 22 6280 1545 and +91 22 7115 8367.
Cantabil Retail India Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The document confirms that all share certificates received for dematerialization during the quarter ended December 31, 2025, were processed and confirmed to the depositories. The Registrar and Share Transfer Agent (RTA), Beetal Financial & Computer Services, verified that certificates were mutilated and cancelled within the mandated 15-day period. This is a standard administrative filing ensuring the accuracy of the company's electronic share records.
- Compliance certificate submitted for the quarter ended December 31, 2025
- RTA confirmed that dematerialization requests were processed within the 15-day timeline
- Security certificates were mutilated and cancelled after due verification by the depository participant
- Depositories have been substituted in the register of members as the registered owners for the processed shares
Cantabil Retail India Limited has reported the addition of 2 new showrooms across India during the month of December 2025. This expansion brings the company's total retail footprint to 648 stores nationwide. The update reflects the company's ongoing strategy to increase its physical presence in the apparel retail segment. Investors should note the steady, albeit modest, monthly growth in the store network as a sign of continued operational scaling.
- Opened 2 new showrooms/shops during the month of December 2025.
- Total store count for the company has reached 648 outlets across India.
- The expansion was disclosed under Regulation 30 of SEBI (LODR) Regulations, 2015.
- Maintains a consistent pace of retail footprint expansion in the Indian market.
Cantabil Retail India Limited has announced the closure of its trading window for all designated persons starting January 01, 2026. This move is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the company's Q3 FY26 financial results declaration. The window will remain closed until 48 hours after the un-audited financial results for the quarter ending December 31, 2025, are made public. This is a standard regulatory procedure and does not reflect any change in the company's operational performance.
- Trading window for company securities to close effective January 01, 2026.
- Closure is in anticipation of the Un-Audited Financial Results for the quarter ending December 31, 2025.
- Window will reopen 48 hours after the official announcement of the quarterly results.
- Complies with SEBI (Prohibition of Insider Trading) Regulations, 2015 and the Company's internal code.
Financial Performance
Revenue Growth by Segment
Men's wear remains the flagship segment. Overall revenue grew 17.1% in FY25. Q2 FY26 revenue reached INR 176 Cr, a 16% increase from INR 151 Cr in Q2 FY25. Q1 FY26 saw 24.3% YoY growth.
Geographic Revenue Split
Primary concentration in North and West India. Expansion is focused on Tier-II and Tier-III cities to leverage lower competition and reach younger demographics.
Profitability Margins
Net margin was 10.4% in FY25 (up from 10.1% in FY24). H1 FY26 PAT margin stood at 6.4%. Management targets an annualized PAT margin of 11-12% for FY26.
EBITDA Margin
H1 FY26 EBITDA margin was 27.2% (vs 26.5% in H1 FY25). Q2 FY26 EBITDA margin was 23.9% (vs 22.8% in Q2 FY25). Operating margin in Q1 FY26 was 30.8%.
Capital Expenditure
Not disclosed as a total INR Cr figure, but the company added 86 stores in FY24, 66 stores in FY25, and 29 stores in Q2 FY26, funded primarily through internal cash generation.
Credit Rating & Borrowing
Long-term rating upgraded to [ICRA]A (Stable) from [ICRA]A- (Stable) in August 2024. Short-term rating reaffirmed at [ICRA]A2+. Interest coverage was 5.2x in FY24 and 5.9x in FY23.
Operational Drivers
Raw Materials
Fabrics and apparel components for men's, women's, and kids' wear. Specific material types like cotton or polyester are not detailed by percentage.
Capacity Expansion
Current manufacturing capacity is ~1.5 million pieces per year at the Bahadurgarh, Haryana facility. Expansion is primarily through retail footprint (533 stores as of March 2024, with 29 added in Q2 FY26).
Raw Material Costs
Not disclosed as a specific % of revenue, but operating profit margins (28.5% in FY25) suggest stable procurement costs.
Manufacturing Efficiency
Fully integrated facility in Bahadurgarh produces 1.5 million pieces annually.
Strategic Growth
Expected Growth Rate
17-24%
Growth Strategy
Execution of 'Vision 2027' focusing on scale and efficiency. Strategy includes aggressive store expansion in Tier-II and Tier-III cities (29 stores added in Q2 FY26), driving same-store sales growth (SSSG), and leveraging fixed costs to improve PAT margins from 10.5% to 11-12%.
Products & Services
Branded apparel (shirts, trousers, suits, etc.) and accessories for men, women, and kids.
Brand Portfolio
Cantabil
New Products/Services
Expansion into women's and kids' wear segments to complement the flagship men's wear.
Market Expansion
Focus on Tier-II and Tier-III cities across India to benefit from lower competition.
Strategic Alliances
131 stores operated under franchise models as of March 2024.
External Factors
Industry Trends
The value-for-money apparel segment is growing, particularly in non-metro cities. The industry is shifting toward organized retail with a focus on brand awareness and store experience.
Competitive Landscape
Operates in the economy to mid-range price segments; faces competition from other branded value retailers.
Competitive Moat
Durable advantage through an integrated manufacturing facility (1.5M pieces/year) and a strong 'Cantabil' brand identity in the value-for-money segment. Sustainability is driven by a focus on Tier-II/III cities where competition is lower.
Macro Economic Sensitivity
Highly sensitive to discretionary spending patterns and inflation.
Consumer Behavior
Rising consumer confidence noted in H1 FY26; early signs of demand recovery driven by festive season shifts.
Regulatory & Governance
Industry Regulations
Compliant with SEBI Listing Regulations 17 to 27 and Regulation 46.
Legal Contingencies
Penalties previously imposed by stock exchanges for compliance delays were waived after clarifications; no other pending major court cases or values disclosed.
Risk Analysis
Key Uncertainties
Tepid demand and high inflation impacting discretionary spending (potential 5-10% impact on SSSG).
Geographic Concentration Risk
High concentration in North and West India.
Third Party Dependencies
24.5% of stores (131 of 533) are franchised, creating dependency on third-party operators.
Technology Obsolescence Risk
Cyber security risk is a monitored area for the Risk Management Committee.
Credit & Counterparty Risk
Low reliance on external debt; healthy cash flows from operations.