Premium apparel brand Monte Carlo Fashions reported a wider consolidated net loss for the first quarter of FY ’27, even as revenue from operations recorded year-on-year growth, reflecting continued pressure on profitability.
According to the company’s stock exchange filing, the consolidated net loss widened to Rs. 23.4 crore (US $2.45 million) for the quarter ended June 30 (Q1 FY ’27), compared with a net loss of Rs. 16.2 crore (US $1.69 million) in the corresponding quarter of the previous financial year.
On a quarter-on-quarter basis, the company slipped into a net loss of Rs. 23.4 crore (US $2.45 million) in Q1 FY ’27, compared with a net profit of Rs. 5 crore (US $0.52 million) reported in the fourth quarter of FY ’26.
Despite the decline in profitability, revenue from operations increased 7.6 per cent year-on-year to Rs. 149 crore (US $15.59 million) during the April-June quarter, up from Rs. 138.5 crore (US $14.49 million) in the corresponding period of the previous financial year.
At the operating level, Monte Carlo’s EBITDA loss widened to Rs. 12.7 crore (US $1.33 million) in the first quarter, compared with an EBITDA loss of Rs. 5.9 crore (US $0.62 million) recorded a year earlier.
Headquartered in Ludhiana, Punjab, Monte Carlo has established a strong presence in the branded woollen wear segment while expanding its portfolio into year-round apparel and home textiles. Its product portfolio includes sweaters, jackets, thermal wear, hoodies, shirts, T-shirts, jeans, trousers and tracksuits for men, women and tweens, alongside home textile products such as blankets, bedsheets, towels and rugs.
