Cantabil Retail India Limited (CANTABIL)
₹249.69 -0.09% last close, 16 Oct
Latest quarterly results (Q4 FY26)
In its latest reported quarter, Q4 FY26, Cantabil Retail's revenue was ₹253 Cr (+15.0% year on year, -4.3% on the previous quarter), and net profit ₹29.0 Cr (+26.1% year on year); the operating margin was 30.8%.
| Q4 FY26 (₹ Cr) | Value | YoY vs Q4 FY25 | QoQ |
|---|---|---|---|
| Revenue | ₹253 | +15.0% | -4.3% |
| Operating profit | ₹78.0 | +34.5% | -18.0% |
| Net profit | ₹29.0 | +26.1% | -35.7% |
| EPS (₹) | 3.49 | +29.7% | -35.3% |
| Operating margin | 30.8% | — | — |
CANTABIL delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 50.9% of the CANTABIL shares traded on NSE were taken to delivery, against the stock's own 20-session average of 55.57%. That is close to its usual level.
Delivery in the last 5 sessions: 58.7% · 62.5% · 68.8% · 56.4% · 50.9%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Cantabil Retail India Limited has submitted its Reconciliation of Share Capital Audit Report for the quarter ended September 30, 2026. The compliance filing is prepared pursuant to Regulation 76 of SEBI (Depositories and Participants) Regulations, 2018. The audit report is dated October 7, 2026, and was certified by Practicing Company Secretary Devesh Kumar Vasisht. This represents a regular quarterly regulatory compliance without any impact on financial or operational metrics.
- Reconciliation of Share Capital Audit submitted for quarter ended September 30, 2026
- Audit report dated October 7, 2026 signed by Practicing Company Secretary Devesh Kumar Vasisht
- Submitted under Regulation 76 of SEBI (Depositories and Participants) Regulations, 2018
Cantabil Retail India Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate from RTA Beetal Financial & Computer Services confirms that share certificates received for dematerialization have been confirmed, rejected, or mutilated/cancelled as per rules. This is a standard quarterly administrative compliance filing with no impact on business operations or financials.
- Regulation 74(5) demat compliance confirmed for the quarter ended September 30, 2026
- Confirmation certificate issued by RTA Beetal Financial & Computer Services on October 5, 2026
- Company submitted the filing to BSE and NSE on October 12, 2026
Cantabil Retail India Limited opened 8 new showrooms across various locations in India during the month of September 2026. With these additions, the company's total operational store count reached 690. This ongoing expansion aligns with its 'Vision 2027' strategy targeting growth in Tier-II and Tier-III markets. While retail footprint continues to grow, new store gestation periods can briefly weigh on near-term operating margins.
- Opened 8 new showrooms/shops across India during September 2026
- Total store network expands to 690 showrooms/shops nationwide
- Monthly store additions represent an incremental ~1.17% expansion to the store network
Cantabil Retail India Limited reported the voting results of its 38th Annual General Meeting held on September 8, 2026. Shareholders approved all agenda items with over 99.99% votes in favour, representing 79.25% of total outstanding shares polled. Key approvals include the confirmation of an interim dividend of ₹0.75 and declaration of a final dividend of ₹0.75 per share (37.5% on face value of ₹2). Additionally, shareholders approved the re-appointment of Chairman & Managing Director Vijay Bansal and Whole Time Director Deepak Bansal effective April 1, 2027.
- Shareholders approved a final dividend of ₹0.75 per equity share (37.5% on face value of ₹2)
- Total votes polled stood at 66,279,818, representing 79.2460% of total outstanding shares
- All resolutions passed near-unanimously with 99.9995% to 99.9998% votes cast in favour
- Approved re-appointment of Vijay Bansal as CMD and Deepak Bansal as WTD effective April 1, 2027
Cantabil Retail India Limited concluded its 38th Annual General Meeting on September 8, 2026. Key agenda items included the adoption of FY26 financial statements and approval of a final dividend of ₹0.75 per share (face value ₹2), in addition to the interim dividend of ₹0.75 per share already paid. The company also approved the re-appointment of Chairman & Managing Director Vijay Bansal and Whole Time Director Deepak Bansal effective April 1, 2027. Dividend payout is scheduled on or before October 7, 2026.
- Final dividend of ₹0.75 per share (37.50% on ₹2 face value) declared, bringing total FY26 dividend to ₹1.50 per share
- Dividend payment scheduled to members on or before October 7, 2026
- Approval of re-appointment of Vijay Bansal (CMD) and Deepak Bansal (WTD) effective April 1, 2027
- Voting results and scrutinizer report to be submitted within 2 working days
ICRA Limited has upgraded the credit rating for Cantabil Retail India Limited's bank facilities totaling Rs 75.00 crore, effective September 4, 2026. Long-term fund-based working capital limits of Rs 57.50 crore and unallocated limits of Rs 15.50 crore were upgraded to [ICRA]A+ (Stable). Short-term non-fund-based facilities of Rs 2.00 crore were upgraded to [ICRA]A1, reflecting strengthening credit profile and debt-servicing capability.
- ICRA upgraded long-term bank facilities (Rs 57.50 crore) to [ICRA]A+ with a Stable outlook.
- Short-term facilities of Rs 2.00 crore upgraded to [ICRA]A1.
- Unallocated limits of Rs 15.50 crore upgraded to [ICRA]A+ (Stable) / [ICRA]A1.
- Total bank limits evaluated and upgraded across four major lenders stand at Rs 75.00 crore.
Cantabil Retail India Limited announced the addition of 7 new showrooms/shops across India during the month of August 2026. Following these openings, the company's total nationwide retail network stands at 682 stores. The continuous expansion reflects management's strategy to scale its presence, particularly in Tier-II and Tier-III markets.
- Opened 7 new showrooms/shops across India during August 2026
- Total store count expanded to 682 stores nationwide
- Continues store rollout momentum from 533 stores reported as of March 2024
Cantabil Retail India has scheduled its 38th Annual General Meeting (AGM) for September 8, 2026. The company has proposed a final dividend of ₹0.75 per share, which, combined with the interim dividend, totals ₹1.50 for FY26 (75% of face value). Key agenda items include the 5-year re-appointment of Chairman Vijay Bansal and Whole Time Director Deepak Bansal starting April 2027. The proposed annual remuneration cap for the CMD is ₹4.2 crore, representing approximately 4.3% of the company's TTM PAT of ₹96 crore.
- Total dividend of ₹1.50 per share for FY26, consisting of ₹0.75 interim and ₹0.75 final dividend.
- AGM scheduled for September 8, 2026, at 11:00 AM in New Delhi.
- Proposed 5-year re-appointment of CMD Vijay Bansal with a salary cap of ₹3.6 crore plus ₹0.6 crore in perquisites.
- Proposed 5-year re-appointment of WTD Deepak Bansal with a salary cap of ₹3.0 crore plus ₹0.1 crore in perquisites.
- Board authorized to increase management remuneration by up to 10% per annum.
Cantabil Retail reported a 13% YoY revenue increase to ₹178.8 crore for Q1 FY27, supported by a 4.04% same-store sales growth (SSSG). EBITDA margins improved significantly to 33.2% from 30.8% YoY, driven by product mix and inflation corrections, despite a 30-35% minimum wage hike in Haryana impacting factory costs. Management reiterated its FY27 revenue guidance of ₹1,000 crore, which implies a ~17% growth over TTM revenue. To achieve this, the company plans to accelerate expansion by adding 28-30 new stores (55,000-60,000 sq. ft.) in Q2 FY27.
- Revenue from operations grew 13% YoY to ₹178.8 crore in Q1 FY27
- EBITDA margins expanded to 33.2% from 30.8% in the previous year
- Management reiterated a full-year FY27 revenue target of ₹1,000 crore
- Planned addition of 28-30 new stores in Q2 FY27, doubling the square footage added in Q1
- Same-store sales growth (SSSG) stood at 4.04% for the quarter with a 5% annual target
Cantabil Retail has published the audio recording of its investor call held on August 6, 2026. The call follows a period where the company achieved a TTM revenue of Rs 852.41 Cr and maintained an Operating Profit Margin (OPM) of 31.0%. Management likely discussed the 'Vision 2027' strategy, which includes aggressive expansion in Tier-II and Tier-III cities. With a current market cap of Rs 1911 Cr and a debt-to-equity ratio of 1.14, the recording provides insights into how the company plans to manage its retail footprint of 533+ stores.
- Audio recording link provided for the investor call held on August 6, 2026
- Company reported TTM revenue of Rs 852.41 Cr and TTM PAT of Rs 95.84 Cr
- Manufacturing capacity remains at approximately 1.5 million pieces per year at the Bahadurgarh facility
- Retail network included 533 stores as of March 2024, with 29 stores added in a single recent quarter (Q2 FY26)
Cantabil Retail India Limited has recommended a final dividend of ₹0.75 per equity share (face value ₹2) for the financial year 2025-26. The company has fixed August 28, 2026, as the record date to determine shareholder eligibility for this payout. The dividend is subject to shareholder approval at the Annual General Meeting (AGM) scheduled for September 8, 2026. At the current market price of ₹245.8, this specific dividend represents a yield of approximately 0.3%.
- Final dividend of ₹0.75 per equity share recommended for FY 2025-26
- Record date for dividend entitlement fixed as August 28, 2026
- Annual General Meeting (AGM) to be held on September 8, 2026
- Dividend payout follows a TTM PAT of ₹96 Cr and EPS of ₹11.44
Cantabil Retail's board has recommended a final dividend of ₹0.75 per share (37.5% of face value) for FY26, with a record date set for August 28, 2026. The company also secured leadership continuity by re-appointing Vijay Bansal as Chairman & Managing Director and Deepak Bansal as Whole Time Director for five-year terms starting April 1, 2027. These appointments are subject to shareholder approval at the upcoming 38th AGM. The board also approved the un-audited financial results for the quarter ended June 30, 2026.
- Recommended a final dividend of ₹0.75 per equity share of ₹2 face value for FY26.
- Re-appointed Vijay Bansal as CMD for a 5-year term from April 1, 2027, to March 31, 2032.
- Set August 28, 2026, as the record date for the final dividend payment.
- Re-appointed Deepak Bansal as Whole Time Director for a 5-year term starting April 1, 2027.
- Approved standalone financial results for the quarter ended June 30, 2026.
Cantabil Retail reported a 13% YoY revenue growth to ₹178.8 Cr for Q1 FY27, supported by a 7.67% increase in volumes. EBITDA margins improved significantly to 33.2% from 30.8% YoY, while PAT grew 11% to ₹16.3 Cr. The company added 15 new stores during the quarter, expanding its total retail footprint to 9.42 lakh sq. ft. across 667 stores. Management continues to track toward its 'Vision 2027' goal of reaching ₹1,000 Cr in annual revenue.
- Revenue from operations increased 13% YoY to ₹178.8 Cr in Q1 FY27
- Added 15 new stores in Q1, bringing the total network to 667 stores across 312 cities
- Average Basket Value (ABV) grew 10.6% YoY to ₹4,616 from ₹4,174
- EBITDA margins expanded by 240 bps to 33.2% (Post-Ind AS 116)
- Same Store Sales Growth (SSSG) for the quarter stood at 4.04%
Cantabil Retail reported a 13% YoY revenue growth to ₹178.8 Cr for Q1 FY27, supported by a positive Same Store Sales Growth (SSSG) of 4.04%. EBITDA grew by 21% to ₹59.4 Cr, with margins expanding to 33.2% from 30.8% in the previous year. Net profit (PAT) increased 11% to ₹16.3 Cr, although PAT margins saw a slight compression to 9.1% from 9.2%. The company's retail footprint has expanded to 667 stores across 9.42 lakh sq. ft.
- Revenue from operations grew 13% YoY to ₹178.8 Cr in Q1 FY27.
- EBITDA margins expanded by 240 basis points to reach 33.2%.
- Same Store Sales Growth (SSSG) stood at 4.04% for the quarter.
- Total store count reached 667 with a total retail area of 9.42 lakh sq. ft.
- Manufacturing capacity at Bahadurgarh facility reported at 18 lakh pieces per year.
Cantabil Retail India Limited reported a steady performance for Q1 FY27, with revenue from operations growing 12.7% YoY to ₹178.82 Cr. Net profit increased by 11.3% YoY to ₹16.33 Cr, while EPS improved to ₹1.95 from ₹1.75. The Board recommended a final dividend of ₹0.75 per share (37.5% of face value) for FY26, with a record date of August 28, 2026. Additionally, the company ensured leadership continuity by re-appointing the Chairman and Whole-Time Director for a five-year term starting April 2027.
- Revenue from operations grew 12.7% YoY to ₹178.82 Cr compared to ₹158.68 Cr in the same quarter last year.
- Net profit for the quarter stood at ₹16.33 Cr, an 11.3% increase from ₹14.67 Cr in Q1 FY26.
- Recommended a final dividend of ₹0.75 per equity share of face value ₹2 for the financial year ended March 31, 2026.
- Finance costs rose significantly to ₹13.56 Cr from ₹10.51 Cr YoY, likely reflecting debt-funded store expansions.
- Re-appointed Mr. Vijay Bansal (CMD) and Mr. Deepak Bansal (WTD) for a 5-year term effective April 1, 2027.
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.