CANTABIL RETAIL INDIA LTD Dividend 2024, Record Date, Share Price, History

News: Cantabil Retail India Ltd, a well-known name in the retail sector, has recently announced its dividend for the year 2024. In this article, we’ll delve into the details of Cantabil’s dividend, the record date, share price trends, and a brief history of the company.

Dividend Announcement

On February 7, 2024, Cantabil Retail India declared an interim dividend of Rs. 0.40 per share. This dividend is a way for the company to share its profits with its shareholders. But what does this mean for investors? Let’s break it down:

Interim Dividend: An interim dividend is paid during the financial year, usually before the final annual results are out. It provides some immediate returns to shareholders.

Record Date

The record date for this dividend is February 23, 2024. What does that mean? Well, if you own Cantabil shares on or before this date, you’ll be eligible to receive the dividend. It’s like being on the guest list for a party – if your name is there, you’re in!

Share Price Trends

As of February 20, 2024, Cantabil Retail’s share price stood at Rs. 243.05. Over the last month, the share price has seen a slight decline of 8.82%, but over the past three months, it has risen by 18.07%. Keep an eye on the stock market – it’s like watching a roller coaster ride!

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Company History

1. Inception: Cantabil embarked on its journey in the year 2000 when it commenced its garments manufacturing and retailing business. The first Cantabil store opened its doors in September 2000 in New Delhi.

2. Product Range: The CANTABIL brand caters to a wide audience, offering a comprehensive range of clothing for both men and women. From formal wear to party attire, casual outfits, and ultra-casual ensembles, Cantabil covers it all. Over the past 22 years, it has evolved into a complete family wear brand, including a women’s wear segment introduced in 2007.

3. Financial Performance: In the fiscal year 2022-23, Cantabil Retail India Ltd achieved sales of Rs. 551 Crores.

About CANTABIL RETAIL INDIA LTD :

Cantabil Retail India Ltd. is a well-established player in the Indian apparel market. Let’s dive into what makes this brand unique and why it’s worth knowing about.

The Origins

1. Founded in 2000 by Vijay Bansal in New Delhi, Cantabil started its journey as a garments manufacturing and retailing business.

2. The brand’s first store opened its doors in September 2000 in the heart of the capital city.

The Cantabil Experience

1. Apparel Range:

• Cantabil caters to the middle to high-income group.

• Their clothing line covers everything from formal wear to party outfits, casual wear, and even ultracasual clothing.

• Both men and women can find stylish options under the Cantabil brand.

2. Family Wear:

• Over the last 22 years, Cantabil has evolved into a complete family wear brand.

• In 2007, they expanded to include a women’s wear segment.

• Now, you can shop for the entire family at Cantabil!

3. Accessories:

• In 2013, Cantabil introduced accessories for men.

• Think ties, belts, socks, caps, and even handkerchiefs.

• It’s all about the little details that complete an outfit.

Numbers That Matter

1. 500+ exclusive retail outlets: Cantabil’s presence spans across India.

2. 3700+ employees: A dedicated team working to bring you quality fashion.

3. Sales of Rs. 551 Cr. in fiscal year 2022-23: Impressive figures reflecting their popularity.

Investing in stocks involves understanding company fundamentals, keeping track of share prices, and knowing when dividends are announced. Cantabil Retail India Ltd’s recent dividend announcement is a positive sign for shareholders. So, whether you’re a seasoned investor or just dipping your toes into the stock market, keep an eye on Cantabil – it might just add a little extra to your wallet!

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