Sandeep Jain, Executive Director at Monte Carlo Fashions expects his company to degrow by 30 per cent this year due to COVID-19. However, Jain expects EBITDA margins to be much better than the last year leading to a 40 per cent growth in next financial year.
According to him, Monte Carlo main strength is winter wear and it expects 55 per cent of its revenue comes from winter wear, like woollen sweaters, winter wear, jackets and thermals. Its summer wear also contributes to around 30 per cent sales and is growing at a double-digit rate annually. Hence, it will also focus on T-shirrs, trousers and shirts among others.
Besides, the company will focus on it segment Cloak & Decker and sportswear brand Rock-It. The company currently has a cash reserve of around Rs 150 crore, which is available in form of cash in our books. Its CapEx is around Rs 10-15 crore for the next two years.