The net loss of Monte Carlo Fashions Ltd increased to Rs. 13 crore during the April–June quarter compared to Rs. 12 crore for the same period last year.
Compared to Rs. 139 crore in the same quarter of the previous fiscal year, the company’s revenue for the quarter decreased by 9% to Rs. 126 crore. The company opened five franchise stores and six company-owned, company-operated outlets in the April–June quarter.
“The company is aggressively committed to opening 45-50 exclusive brand outlets pan India including West & South. Our online sales have picked up, particularly from our own website sales,” Monte Carlo said in its investor presentation.
“Home textiles will continue to show good growth rate. Our brand Rock It has performed well during the quarter and has been widely accepted by the market,” it added.
Monte Carlo sells its products pan India presence through a wide network of EBO’s, MBO’s, national chain stores and major e-commerce platforms.
