Apparel brand Cantabil expects annual Rs 1000 cr revenue in next 3 years

Company plans to have 540 store by this year's end to consolidate itself in smaller cities

Apparel manufacturer Cantabil aims to earn Rs 1,000 crore as revenue by 2025, betting on expenditure and new stores in small cities.

Cantabil Retail India, as the Delhi-based company is known formally, recorded a compounded annual growth rate (CAGR) of around 25 per cent for the last one year. Revenue is expected to grow 40-45 per cent in 2023 compared to last year, said Deepak Bansal, the company’s director.

The company reported a net profit of around Rs 27 crore in the third quarter of financial year 2023 (Q3 FY23), rising 13 per cent year-on-year.

Cantabil plans to open 80-90