Cantabil Retail targets Rs 1,000 crore revenue by FY27-end
17 October 2025, Mumbai
Cantabil Retail India aims to increase its revenue to over Rs 1,000 crore by FY27-end. The company plans to achieve this by sustaining strong double-digit annual growth, primarily through the expansion of its physical store footprint.
The retailer is currently seeing strong sales momentum during the ongoing festive season, boosted by a recent GST rate reduction and positive consumer sentiment.
Effective September 22, the GST rate on apparel priced up to Rs 2,500 was reduced from 12per cent to 5 per cent. Nearly 60 per cent of Cantabil Retail India’s revenue comes from its products in this price range. The company’s average selling price is around Rs 1,100-Rs 1,200, states Shivendra Nigam, CFO, Cantabil Retail India.
The company expects the GST rate cut and income tax benefits to provide a strong consumption boost, accelerating the consumer shift from the unorganized to the organized segment in the apparel sector. Cantabil believes this ‘GST 2.0’ will have a long-term positive effect on the industry.
Cantabil is confident in reaching its revenue milestone by leveraging both its retail network and the e-commerce channel.
The primary driver of growth will be store expansion. As of September 30, the brand operates 632 stores, which includes franchise-owned outlets. It plans to 60-70 new stores by FY26-end.
The company ended FY25 with revenues of about Rs 721 crore. It aims to achieve a revenue growth of over 20 per cent annually to Rs 1,000 crore by FY27. The company anticipates over 20 per cent growth during the current festive season, expecting the buoyant consumer sentiment to continue until Diwali.
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