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A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
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Revenue
₹264.44 Cr
verification pending
Revenue YoY
19%
reported change
EBITDA
₹95.2 Cr
latest reported figure
Source
bse pending
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Cantabil Retail delivered a strong Q3 FY26 with revenue of 264.4 cr (+19% YoY), EBITDA of 95.2 cr (+31% YoY), and PAT of 45.1 cr (+31% YoY). EBITDA margin expanded 340 bps to 36%, driven by operating leverage from higher winter-season sales and fixed cost absorption. Same-store sales growth (SSG) was 6.3%, supported by GST rationalization benefits and healthy consumer demand across tiers. Management reiterated its vision to reach ₹1,000 cr revenue by FY27, targeting 20%+ revenue growth with 6-7% SSG and store expansion of ~75 stores/year. E-commerce contribution is expected to rise from 6% to 8-10% of sales. Key risk: any slowdown in discretionary spending or increased competition in the value fashion segment could pressure growth.
Colored figures show movement against the previous available record.
Guidance to track
- Management targets crossing ₹1,000 cr revenue by next financial year (FY27), implying ~20%+ growth.
- Company expects to maintain at least 20% revenue growth, driven by 6-7% SSG, store expansion, and e-commerce growth.
- Plans to open 75 new stores annually, with average store size increasing to 1,600-1,700 sq ft.
- Expects PAT margin to improve to 12-13% in FY27, aided by GST rationalization and operating leverage.
Risks flagged
- Q3 margins are seasonally high due to winter sales; Q2 typically sees pressure. Any adverse weather or demand shift could impact performance.
- Online return rate is ~32-33%, slightly above industry standard of 30%. High returns could pressure margins if not controlled.
- India's trade deals may allow more foreign brands, increasing competition. Management downplayed the risk, citing strong store network.
- Inventory days are ~120, and any slowdown in demand could lead to higher aged inventory and markdowns.
Key quotes
- We are targeting 6% 5 to 6% which is a long-term sustainable number maybe couple of quarter up and down but long-term sustainable number is approximately 6 to 7%.
- Our target is to make the company thousand cr revenue company by next financial year with a margin of 58 59% gross margin.
- Secret sauce source should always be kept secret it should not be revealed.
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