Cantabil Retail India Ltd(CANTABIL)

NSE: CANTABILBSE: 533267

₹ 244.6-1.35%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 2,046 crWebsite: www.cantabilinternational.comUpdated: 24 Oct 2026

About

Cantabil Retail India Ltd is a value-fashion apparel retailer selling men's, women's and kids' clothing under its own brand through an exclusive store network. As of September 2026, the company operates 690 showrooms across India and posted FY26 revenue of ₹852.55 crores, an all-time high. It manufactures approximately 60% of its garments in-house with the remainder outsourced, and sells predominantly through its own stores supplemented by an online channel.^[1][2][3]

Store network and retail area

Total showroom count reached 690 after 8 new openings in September 2026.^[1]
667 stores as of Q1 FY27, covering 9.42 lakh sq ft of retail area vs 8.26 lakh sq ft in Q1 FY26.^[4]
652 stores operated as of Q4 FY26 across 308 cities; 91 gross stores were opened and 38 closed or relocated during FY26, for 53 net additions.^[5]
Franchise (FOCO) stores numbered 130 as of Q1 FY27, down from 178, as the shift to larger-format stores deters franchisee investment in smaller Tier 3 towns.^[4]
131 of 646 stores (20%) were franchise-operated as of Q3 FY26.^[6]

Key operating metrics

Same-store sales growth (SSG) was 4.04% in Q1 FY27, 4.97% in Q4 FY26, 5.85% in Q3 FY26, and 5.24% for full-year FY26.^[4][5][6]
Volume growth was 7.67% YoY in Q1 FY27 and 13.33% for full-year FY26.^[4][5]
Average selling price (ASP) was ₹1,108 in Q1 FY27 vs ₹1,043 in Q1 FY26.^[4]
Gross margin was 68.5% in Q1 FY27 and ~60.4% for full-year FY26; management targets ~60% on an annual average basis.^[4][5]

Store format and product mix

Average size of stores opened in Q1 FY27 was 1,810 sq ft, up from a ~1,500 sq ft trend over the prior two years; management expects the full-network average to reach ~1,500 sq ft by end of FY27.^[4]
New stores opened in FY26 averaged 1,700 sq ft vs a prior format of ~1,100 sq ft; larger family stores yield approximately 1.5 - 2 percentage points higher EBITDA margin than men's-only stores.^[5][6]
Footwear sales grew 40% YoY to ₹14 crores in FY26 from ₹10 crores in FY25, representing ~2% of FY26 revenue.^[5]
Repeat customers constitute ~50% of sales as of Q3 FY26, up from ~44% in FY21.^[6]

Manufacturing and supply

Production runs at a 60:40 split between in-house manufacturing and outsourced (FOB) job work; management has no plans to expand own factory capacity, with additional scale to come via dedicated job workers.^[3]
Raw material (cotton) prices rose ~10% as of Q1 FY27 (down from a prior 20 - 25% hike); the company is passing increases to customers and expects further normalisation as global supply recovers.^[4]

Online and distribution channel

Online sales contributed 5% of revenue in Q1 FY27, dipping from ~6% in FY26 due to an end-to-end software integration migration; full-year FY27 target is 8%.^[4]
E-commerce sales reached ₹37 crores in the first nine months of FY26 (9M FY26), with Q3 FY26 e-commerce at ₹17.7 crores.^[6]
Stores are present across 317 cities in 21 states as of Q3 FY26.^[6]

Inventory and working capital

Inventory days (finished goods) were 114 days in FY26 vs 121 days in FY25; working capital days improved to ~100 days in FY26 from ~110 days prior.^[4]
FY26 inventory days reached 109 days (best in 3 - 4 years) vs 123 days in FY25; working capital days improved from 115 to 105 days over the same period.^[5]

Expansion plans

Vision 2027 targets ₹1,000 crores revenue and 725 stores across 330 cities by end of FY27; management reaffirmed both targets as of Q1 FY27.^[4][5]
28 - 30 store openings are expected in Q2 FY27, adding ~55,000 - 60,000 sq ft of retail area, more than double the Q1 FY27 addition.^[4]
Online sales channel targeted to reach 8 - 10% of revenue within two years from FY27.^[4][5]
Retail area is targeted to grow 15 - 20% per annum; gross store openings of ~90 - 100 per year with ~70 - 75% converting to net additions.^[5]
Footwear category targeted to reach 3 - 4% of total revenue by end of FY27; kids wear targeted at 4 - 4.5% of revenue in FY27.^[5]

Infrastructure and recent developments

An 11-storey corporate office building was capitalised in FY26 at ~₹50 - 55 crores (excluding land); four floors are dedicated to automated online warehousing with a warehouse management system (WMS), expected to generate ₹1.5 - 2 crores in annual lease savings from Q2/Q3 FY27.^[5]
A GST rate rationalisation effective 22 September 2025 was fully passed on to consumers; it drove strong footfall acceleration in October and November 2025.^[6][3]
A balance of ₹15 crores from a real estate developer loan is targeted for full recovery before February 2027.^[4]

Market Cap

₹2,046 Cr

High / Low

₹322 / 208

Stock P/E

21.4

Price / Book

4.4

Book Value

₹57

EPS

₹11.4

No. of Shares

8.36 Cr

ROCE

20.0%

ROE

22.0%

OPM

20.2%

Debt / Equity

0.00

Sales

₹853 Cr

Net Profit

₹96 Cr

Promoter holding

74.5%

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