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Cantabil Retail India Ltd was incorporated in 1989 and started its readymade garments manufacturing and retailing business in the year 2000.
ICRA has upgraded Cantabil Retail India's long-term working capital facilities to [ICRA]A+(Stable) and short-term facilities to [ICRA]A1. The upgrade reflects improvements in the company's financial standing. This provides a positive signal for lenders and investors.
Cantabil Retail reported strong Q1 FY27 results: Revenue grew 13% to INR 178.8 crores, EBITDA rose 21% to INR 59.4 crores (margins 33.2%), and PAT increased 11% to INR 16.3 crores. Same-store sales grew 4.04%. Management is confident in achieving its INR 1,000 crores FY27 revenue target, driven by new...