Cantabil sales rise 0.69 percent in March quarter

Cantabil Retail India reported a net loss of Rs 1.36 crore in the quarter ended March 2014

compared to a net loss of Rs 19.26 crores during the same quarter ended March 2013. However, sales rose 0.69 percent to Rs 34.97 crores in the quarter against Rs 34.73 crores during March 2013.

For the full year, net loss was Rs 9.11 crore in the year ended March 2014 as against net loss of Rs 32.88 crores during last year ended March 2013. Sales declined 6.80 percent to Rs 110.65 crores during the fiscal as against Rs 118.72 crores during the previous year ended March 2013.

Cantabil is the fashion-and-lifestyle brand from the house of Cantabil Retail. The brand was launched in year 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 expansions and shedding its earlier model of offering heavy discounts all-round the year.