Mumbai, 16 May (IANS). Fashion company Cantabable Retail India Limited presented the results of the fourth quarter of FY 25 on Friday. There has been a decrease of more than 34 percent in the company’s profits during the January-March period.
The company said at the stock exchange, the company’s net profit in the fourth quarter was Rs 22.51 crore, which is about 34.54 percent less than Rs 34.38 crore in the previous quarter.
There has been a slight decline in income from the company’s operations in the March quarter.
The company’s income declined to Rs 219.02 crore in the fourth quarter, compared to Rs 222.91 crore in the third quarter, which shows a decline of about 1.75 percent.
Profit (PBT) before tax has reduced by 33.78 percent to Rs 29.92 crore on a quarterly basis.
However, Cantabil has performed strongly on an annual basis. The company’s net profit for the entire financial year 25 increased from Rs 62.22 crore to 20.31 percent to Rs 74.86 crore.
Income from operations increased by 17.61 percent to Rs 729.51 crore, compared to Rs 620.28 crore in the last financial year.
The company’s chairman and managing director Vijay Bansal expressed happiness over the company’s entire year results despite the challenging retail atmosphere.
He said that a strong volume growth of more than 15 percent and the customer-focused strategy helped the company reach record income and profit in FY 25.
Bansal said that signs of improvement in demand and more monsoon prediction are likely to improve consumer sentiments from the future.
Bansal also said that Cantabil focuses on strengthening its brand, increasing its reach in the market and increasing customer facility.
During the financial year 2025, the company has expanded its store network by opening 66 new outlets on a net basis. The company launched its first store in New Delhi in 2000.
-IANS
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