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    Cantabil Retail India: Strong earnings growth to resume from FY25

    CRIL has maintained aggressive long-term expansion plans and also retained its target of reaching the revenue mark of Rs 1,000 crore by mid FY2027

    Bharat Gianani
    March 18, 2024 / 09:49 AM IST
    Cantabil Retail India: Strong earnings growth to resume from FY25

    A 26 percent correction in the stock price in the past one month provides an attractive entry point for investors.

    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

    Highlights

    • Healthy SSSG to resume from FY25

    • Aggressive store expansion plans on track

    • Margins to improve

    • Sharp correction in the stock offers good entry point

    Cantabil Retail India Limited (CRIL; CMP: Rs 198; Market cap: Rs 1,656 crore; Rating: Overweight) expects strong growth momentum to resume from FY2025. Improving consumer sentiment, arrival of fresh merchandise as a new season begins, and a favourable base are expected to drive growth.

    CRIL has maintained aggressive long-term expansion plans and has also retained its target

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