Stock Report

Cantabil Retail expands retail footprint with 10 new exclusive stores in Dec'22

Posted On : 2023-01-22 12:26:10( TIMEZONE : IST )

Cantabil Retail expands retail footprint with 10 new exclusive stores in Dec'22

Cantabil Retail India Ltd., one of India's leading apparel manufacturer and retailer, has announced the opening of 10 new exclusive retail outlets, as part of its robust strategy to grow the retail portfolio. The new apparel and accessories stores have been opened in different states including Nagaland, Gujarat, Himachal Pradesh, Madhya Pradesh, Rajasthan, Haryana and Punjab in the month of December 2022.

With these recent store openings, Cantabil Retail has reached a 439 store mark and plans to continue expanding across India this year. The all-new Cantabil Retail stores represent the future of retail experience for its customers, as they offer a full range of formal-wear, party-wear, wedding collections, casuals, and ultra-casual clothing for men, women, and children in the middle to upper-income brackets under one roof.

Commenting on the openings, Mr. Deepak Bansal, Director, Cantabil Retail India Ltd. said, "We are delighted to announce the launch of 10 new Cantabil retail stores across the country. Cantabil Retail as a brand has been well received and admired amongst our customers in the mid-premium segment, across all age groups. In order to ensure the availability of trendy yet competitive fashion apparel to our customers, we have launched these retail stores spread across key states. Today, we have a very strong presence across the length and breadth of the country, aim to aggressively expand our retail presence further and achieve INR 1,000 crore revenue over the next few years."

In addition to having a significant ground presence in North India, the brand has also grown in West India. Central India has developed over time to become an important market for the brand due to a large increase in demand across the fashion apparel segment. With the opening of its most recent location in Chindwara, MP, Cantabil retail has 27 locations overall, distributed among 22 cities within Central India.

Cantabil Retail has always been at the forefront of offering premium clothing in cutting-edge style. Every year, the brand keeps curating a cozy yet classic and stylish apparel assortment, giving it a new narrative that relates to the rapidly shifting times we live in.

In December 2022, the brand announced the launch of the new winter and wedding collections, as well as plans to strengthen its position as a one-stop shop for all of their consumers' needs.

Shares of Cantabil Retail India Limited was last trading in BSE at Rs. 1197.70 as compared to the previous close of Rs. 1235.50. The total number of shares traded during the day was 393 in over 166 trades.

The stock hit an intraday high of Rs. 1236.70 and intraday low of 1184.30. The net turnover during the day was Rs. 474836.00.

Source : Equity Bulls


CantabilRetailIndia INE068L01016 RetailStores Expansion 10outlets December2022