Monte Carlo FY15 revenues jump 15.8 percent

Monte Carlo Fashions (MCFL) has reported revenue growth of 15.8 percent to Rs 582.6 crores for the year ended March 31, 2015. During the same period, the company reported EBIDTA of Rs 123.1 crores, up by 32.8 percent as compared to FY14. Profit after tax grew by 9.9 percent to Rs 59.7 crores in FY15. MCFL reported healthy EBIDTA margin at 21.1 percent.

The Board of Directors has declared the final dividend of 100 percent or Rs 10 per equity share of face value of Rs 10 each fully paid up. The dividend payout is 36.36 percent of the reported PAT. Sandeep Jain, Executive Director, Monte Carlo feels the company’s revenue will grow around 15-20 per cent in FY16. He is confident about attaining this growth because of the improvement of margins by 300 basis points and an increase in cash profit from Rs 98 crores to Rs 125 crores, a 30 percent jump. Also, the brand is planning summer sales which will contribute towards the margins

Monte Carlo Fashions is a leading manufacturer and retailer of woollen products, including sweaters and cardigans, and cotton knitted garments such as T-shirts and track suits. It also supplies accessories like belts, ties, inner wear, thermal wears and socks. MCFL's manufacturing facilities are primarily located in Ludhiana, Punjab, and are fully backed by capabilities in product development, design studio and an efficient sampling infrastructure.