Cantabil Retail Ltd consolidates retail presence with opening new stores in Q3'FY22
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04 January 2022, Mumbai:
Cantabil Retail India Limited has strengthened its retail presence with the addition of 26 new stores across the country during the October-December quarter.
Cantabil is confident of pre-Covid growth returning for the company, on the back of its retail expansion, and will continue to expand its offline presence in the coming months.
"The company has opened 26 new showrooms/shops at different locations in India during the quarter ended December 31st, 2021. Now the total number of showrooms/shops of the company stands at 360," Cantabil said in a quarterly update.
Despite the Covid-19 led disruptions, Cantabil Retail India Ltd had reported a net profit of Rs 8 crore ($1.1 million) for the second quarter ended September 2021, while its revenue for the quarter rose 85 percent to Rs 90 crore.
Cantabil Retail sells its products under the brands Cantabil, Kenaston, Crozo, and Lil Potatoes.
(The news article has not been edited by DFU PUBLICATIONS staff)
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