Monte Carlo Fashions Limited has recorded a 25 per cent rise in consolidated net profit for the third quarter ending December 2024, reaching US $ 11.15 million (Rs. 97 crore) compared to US $ 8.9 million (Rs. 77 crore) against the third quarter results of previous year.
The company’s revenue for the quarter also increased, reaching US $ 63.13 million (Rs. 549 crore) from US $ 57.96 million (Rs. 504 crore) in the corresponding quarter of the previous fiscal year.
Monte Carlo Fashions is aggressively pursuing expansion, with plans to open 45-50 new exclusive brand outlets (EBOs) across India, including in the West and South regions, during Q3 FY ’25.
The company’s home textile segment is expected to continue its growth trajectory. Six new home textile EBOs were opened in Q3-FY ’25, bringing the total to 12 as of 31st December 2024, with further expansion planned.
Monte Carlo Fashions also reported increased online sales, particularly through its own website, and announced partnerships with quick commerce platforms like Blinkit, Swiggy, and Zepto for deliveries within 30 minutes.
The company distributes its brands through a broad network of exclusive outlets, multi-brand outlets, national chain stores, and major e-commerce platforms, including Amazon, Flipkart, and Myntra.
