Monte Carlo Fashions reports Q1, FY25 results

07 August 2024, Mumbai

Compared to Rs 12 crore reported in the same quarter last year, Monte Carlo Fashions extended its net loss to Rs 13 crore ($1.5 million) in Q1, FY25 spanning Apr-June’24.

The company's revenue for the quarter decreased by 9 per cent to Rs 126 crore from Rs 139 crore in the corresponding period of the previous fiscal year.

During the quarter, Monte Carlo opened six company-owned and operated stores and five franchise stores. It plans to open additional 45-50 exclusive brand outlets across India, including in the West and South regions. The company has also reported a notable rise in its online sales, especially through its own website.

According to the company, the home textiles segment continues to grow at a healthy rate. Additionally, Monte Carlo's brand ‘Rock It’ performed well during the quarter and was well received by the market. Monte Carlo sells its products across India through a wide network of exclusive brand outlets (EBOs), multi-brand outlets (MBOs), national chain stores, and major e-commerce platforms.

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