Monte Carlo Q2 revenues rise 8.7 percent

Ludhiana-based branded (wool and cotton) apparel manufacturer, Monte Carlo Fashions (MCFL) has announced its second quarter and first half FY16 results reported an 8.7 percent increase in revenues and went up to Rs 1,366.2 million on the back of overall growth across all segments. Gross margins were improved by 452 bps to 52.7 percent.