Cantabil repots net profit of Rs 1.41 cr in December quarter

Cantabil Retail India has reported a standalone total income from operations at Rs 40.08 crores and a net profit of Rs 1.41 crore for the quarter ended December 2014. Other income for the quarter was Rs 0.35 crore.

For the quarter ended December 2013 the standalone total income from operations was Rs 31.36 crores and net loss was Rs 1.09 crore, and other income Rs 0.37 crore. Cantabil Retail shares have given 123.15 percent returns over the last six months and 169.27 percent, over the last 12 months.

Cantabil is a fashion-and-lifestyle brand from Cantabil Retail. The brand was launched in 2000, with a collection of only formal and semi-formal shirts and trousers for men. Subsequently, it established its identity and expanded its portfolio to casuals and smart casuals not only for men, but also for the diverse segments of women and children.

After a massive operational rejig, the Delhi-based retailer is now planning a fresh round of brand revival, focusing on limited store expansion and shedding its earlier model of offering heavy discounts all-round the year.