The apparel retailer plans 75-80 new stores in FY27 as it expands into tier 1 and 2 markets
Cantabil Retail India is targeting Rs 1,000 crore turnover in FY27 as it expands its retail footprint and prepares to enter South India in the next financial year. The apparel retailer plans to add 75-80 stores during FY27, with the expansion focused largely on tier 1 and 2 towns.
The company is also shifting towards larger-format stores as it expands its presence across existing markets, while broadening its product portfolio beyond its core menswear business.
“Crossing Rs 1,000 crore in turnover this year would be a significant milestone for us and a validation of the strategy we have followed over the last few years. Our move into larger store formats, especially in tier 1 and tier 2 towns, is already showing encouraging results, and we intend to build on this momentum as we prepare to enter South India in the next financial year,” said Deepak Bansal, Whole-Time Director, Cantabil Retail India.
Cantabil plans to enter South India in the next financial year, adding a new geography to its retail network as it seeks to sustain growth beyond its existing markets. The company’s expansion strategy includes larger-format stores in tier 1 and 2 towns, alongside a broader product mix designed to increase its presence across apparel and adjacent categories.
Menswear remains Cantabil’s core business, with shirts, trousers and denim among its key categories. The retailer is expanding its presence in footwear and accessories while growing its women’s and kids’ portfolio. Cantabil is also adjusting its product mix to appeal to younger shoppers, including Gen Z consumers. The changes include stretchable and wrinkle-resistant fabrics, bolder prints and more casual silhouettes.
Cantabil closed FY26 with revenue of Rs 852.6 crore, up 18 per cent year on year. In Q1 FY27, revenue from operations rose 13 per cent to Rs 178.8 crore.
Earnings before interest, taxes, depreciation and amortisation (Ebitda) increased 21 per cent to Rs 59.4 crore, taking the Ebitda margin to 33.2 per cent from 30.8 per cent a year earlier. Profit after tax (Pat) rose 11 per cent to Rs 16.3 crore, while same-store sales growth stood at 4.04 per cent. The company has recorded a five-year revenue compound annual growth rate (CAGR) of 22 per cent and a Pat CAGR of 26 per cent, according to the company.
