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Cantabil plans to revenue Rs. 1000 crore in next three years

Retailer Cantabil has made plan to add 80 to 90 retail stores per year and is targeting revenue of Rs. 1,000 crore over the next three years.

Cnatabil
Figure: Cantabil has nearly 378 stores across India and it had registered around Rs. 383 crore of sales– its highest ever.

Cantabil has nearly 378 stores across India and it had registered around Rs. 383 crore of sales– its highest ever.

According to a report, Deepak Bansal, Director, Cantabil Retail said, “Cantabil is a zero debt company, and it aims to keep it that way, also to achieve the target of Rs. 1,000 crore, we need to add approximately 300 new stores. We also need strong retail expansion, warehousing, distribution and a corporate office. All these put together, we will be taking around Rs. 160 to 170 crore of investment in the next three years.”

Among that, 75 percent of its stores are company-owned and 25 percent are on a franchise model, and the company aims to maintain the same ratio in the future.

Besides that, now Cantabil’s core presence is in north India, followed by Maharashtra, Gujarat and the eastern part of the country. And is planning to expand across all three regions.

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