Monte Carlo Fashions news and archive

Monte Carlo Fashions’ Q3 net profit down 4 percent

Monte Carlo Fashions has recorded a 4 percent slump in net profit to Rs 72 crore for the third quarter ended December 31, 2019, as against Rs 75 crore it had reported in the corresponding quarter of the previous fiscal year. The company’s net sales for the October-December quarter grew by 7 percent to Rs 406 crore as compared to Rs 381 crore it...

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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. EBIDTA...

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Monte Carlo Q1 net sales down 5.9 percent

Monte Carlo Fashions (MCFL), the popular apparels brand has seen a decline in sales by 5.9 percent year on year for the first quarter ended June 30, 2015. Reason: adjustments for stock correction and unsold inventory returned primarily from the woollen segment from large format stores. The company also said that as a prudent accounting policy,...

Retail

Monte Carlo opens debut store in Hyderabad

Premium apparel brand Monte Carlo Fashions, has launched its first exclusive brand outlet at Jubilee Hills in Hyderabad. The new store offers a complete range from the brand’s portfolio catering to men, women and tweens from 8-14 years age-group. Monte Carlo Fashions is a leading manufacturer and retailer of woollen products, including sweaters...

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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...

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Retail

Monte Carlo to expand retail footprint in south India

Monte Carlo Fashions launched in 1984 by Oswal Woolen Mills, the flagship company of Nahar Group is present in almost all states and major cities through MBOs. However, since it has a small presence in Karnataka through EBO, the company now plans to expand in a big way in other Southern states and Mumbai. The aim is to open more brand stores. “...

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Fashion

Monte Carlo to add denim for girls

Aiming to expand its product range by adding girls’ denim, Monte Carlo Fashions, also plans to enter the southern market. The brand has a presence in almost all apparel categories. Girls denim the next big launch “Ground work on denim for girls has already started. We also want to introduce accessories as well,” informs Sandeep Jain, Executive...

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Monte Carlo makes a mark with super premium ‘Platine’

Ludhiana-based apparel manufacturer Monte Carlo Fashions that was listed on the stock exchange in December last year, is now looking at achieving 15 percent growth by March 2015. The company’s turnover for the fiscal 2013-14 was Rs 506 crores. Complete wardrobe provider Backed by the resources of Rs 5,000 crores Nahar Group, Monte Carlo offers...

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Monte Carlo plans IPO to raise funds

Apparel maker Monte Carlo Fashions is looking at launching its initial public offering (IPO) on December 3. The plan is to raise around Rs 400 crores from by selling 54.33 lakh shares, constituting 25 percent of the post offer equity capital. Ludhiana-based Monte Carlo was expected to announce its price band on November 26, five business days...