Apparel maker, Cantabil Retail India Ltd, which completes 25 years since inception, is eyeing revenues of over ₹1000 crore by FY27, with an aim to garner strong double-digit growth year-on-year backed by store footprint expansion. The company said it is witnessing good sales momentum during the ongoing festival season aided by GST rate cut and positive festival sentiment.

Effective September 22, GST rate on apparel products priced upto ₹2500 has been reduced to 5 per cent from 12 per cent. “Nearly 60 per cent of our revenue comes from the product portfolio in this price range. Our average selling price is to the tune of ₹1100-1200. We have passed on the benefits of the GST cut to consumers. Since September 22, we are seeing very good traction. So, overall Q2 has gone as per our expectatio

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