Cantabil Retail India Ltd — Q1 FY27 earnings call
Summary generated by AI from the official transcript Cantabil Retail India Ltd filed with BSE on 10 Aug 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Cantabil Retail reported Q1 FY27 revenue growth of 13% to Rs 178.8 crores and EBITDA growth of 21% to Rs 59.4 crores, with EBITDA margin improving to 33.2%. Management attributed the quarter to a mix of product changes and inflation-led pricing, and reiterated the company's FY27 revenue target of Rs 1,000 crores. Management also discussed store expansion plans, inventory metrics, working capital days, and the timing of the festive season affecting near-term demand.
Numbers mentioned
Revenue from operations: INR178.8 crores (Q1 FY27)
p. 4
“Revenue from operations for Q1 FY27 grew by 13% to INR178.8 crores as compared to INR158.7 crores in Q1 FY26.”
Shivendra Nigam, page 4 of the filed PDF · View the filing
EBITDA: INR59.4 crores (Q1 FY27)
p. 4
“EBITDA for quarter one FY27 grew by 21% to INR59.4 crores as compared to INR49 crores in Q1 FY26.”
Shivendra Nigam, page 4 of the filed PDF · View the filing
EBITDA margin: 33.2% (Q1 FY27)
p. 4
“EBITDA margins for Q1 FY27 improved to 33.2% as compared to 30.8% in Q1 FY26.”
Shivendra Nigam, page 4 of the filed PDF · View the filing
PAT: INR16.3 crores (Q1 FY27)
p. 4
“PAT margins for quarter one FY27 grew by 11% to INR16.3 crores as compared to INR14.7 crores in Q1 FY26.”
Shivendra Nigam, page 4 of the filed PDF · View the filing
PAT margin: 9.1% (Q1 FY27)
p. 4
“PAT margins for quarter one FY27 stood at 9.1% as compared to 9.2% in Q1 FY26.”
Shivendra Nigam, page 4 of the filed PDF · View the filing
Total stores: 667 stores (Q1 FY27)
p. 4
“we continue to scale efficiency, with a total of 667 stores across the country, covering a total retail area of 9.42 lakh square feet.”
Shivendra Nigam, page 4 of the filed PDF · View the filing
Same-store sales growth: 4.04% (Q1 FY27)
p. 3
“Same-store sales growth remained positive at 4.04%, highlighting strong consumer traction, improving store productivity, and the enduring strength of our brand across markets.”
Vijay Bansal, page 3 of the filed PDF · View the filing
5-year revenue CAGR: 22% (FY21-FY26)
p. 3
“we have consistently delivered robust financial results, achieving revenue CAGR of 22% and PAT CAGR of 26%, demonstrating the strength of our operating model and our commitment to profitable, sustainable value creation.”
Vijay Bansal, page 3 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
PAT margin — 11% to 12%
stated as an aspiration by Management
p. 8
“And we are going forward expecting is approximately 12% -- 11% to 12%.”
Management, page 8 of the filed PDF · View the filing
Finished goods inventory days — 110 days
stated as an aspiration by Management
p. 8
“We are planning to make it more 110 days approx, but that is the somewhere in between 110 days to 120 days, couple of days here and there would have been there.”
Management, page 8 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management attributed it to a combination of product mix and inflation correction.
Answered by Management
Asked by Disha: What led to the gross margin expansion this quarter?
p. 4
“So this is a combination of a little bit of mix and some inflation correction, right?”
Management, page 4 of the filed PDF · View the filing
The full impact was taken in Q1 and will continue at the same level without additional hit.
Answered by Management
Asked by Bhargav Buddhadev: Did the Haryana/UP minimum wage hike impact employee costs, and will it continue?
p. 5
“Full impact of the quarter has been taken, and month-on-month basis, that this impact what is there in the Q1 would be continuing.”
Management, page 5 of the filed PDF · View the filing
INR10 crore was already recovered in Q1, with the remaining INR15 crore due by around February, and no further such transactions are planned.
Answered by Management
Asked by Bhargav Buddhadev: What is the status of the INR25 crore loan given to a real estate developer?
p. 6
“Yes. On the basis of feedback, we have taken back in Q1 itself INR10 crores out of INR25 crores.”
Management, page 6 of the filed PDF · View the filing
Prices rose about 10% and are being passed to customers without impact on sales.
Answered by Management
Asked by Mohit Jain: Is raw material inflation being passed on to customers?
p. 7
“Raw material prices have increased like in the range of 10%. And we are passing it to the customers, we are not absorbing it.”
Management, page 7 of the filed PDF · View the filing
Management explained PAT had improved from earlier ranges and cited e-commerce mix as a factor, targeting around 12% PAT margin.
Answered by Management
Asked by Jitendram: Why hasn't gross margin improvement translated proportionately into PAT margin over five years?
p. 8
“So 12% is an ideal number in terms of maintaining PAT margin, which we are working.”
Management, page 8 of the filed PDF · View the filing
Finished goods inventory days reduced from 121 to 114 days year-on-year, with working capital days also reduced, and ROCE stands around 40%.
Answered by Management
Asked by Jitendram: What is being done to improve inventory turns and ROCE?
p. 8
“So if you have seen, one we are talking about our FG inventory, last year it was 121 days. That is FY25. We have managed it to 114 days in FY26.”
Management, page 8 of the filed PDF · View the filing
Franchisees are less comfortable making large investments in bigger stores, especially in Tier 3 towns.
Answered by Management
Asked by Yash Tawani: Why isn't the company expanding the FOCO franchise model given its profitability?
p. 13
“We are opening bigger stores now and bigger investment. So franchises are not very comfortable in the Tier 3 towns doing the big investment on the stores.”
Management, page 13 of the filed PDF · View the filing
Management pointed to a much larger area planned for Q2 openings to recover the Q1 shortfall.
Answered by Management
Asked by Aditya: What gives confidence in achieving the INR1000 crore revenue target given the Q1 run-rate?
p. 13
“So we will be able to recover the shortfall we have seen in Q1 by the sales and the new stores in Q2.”
Management, page 13 of the filed PDF · View the filing
Management indicated roughly 10-12% volume growth and the balance from inflation/price increases.
Answered by Management
Asked by Devang: How much of the FY27 revenue target relies on MRP increases versus volume growth?
p. 14
“Definitely 10% to 12% of the volume growth and balance is from the inflation a little bit, Yes.”
Management, page 14 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.