Indian Fashion brand Monte Carlo Fashions noted a growth of 20 per cent in its first quarter, April-June revenue of the current financial year. The brand even expanded and strengthen its retail presence with 11 new Exclusive Brand Outlets (EBO) across the Indian states during the time period of April-June.
The brand’s first quarter closing brought the spotlight on 366 Exclusive Brand Outlets (EBO) present across 21 Indian States and 4 Union Territories. Other than the EBOs, the brand has its own website and it is available through many multi brand outlets and distributors as well as on well-known online platforms including Ajio, Amazon, Flipkart, Firstcry, Myntra, Jabong, and Kapsons.
According to the statement in a regulatory filing, the company stated, “The quarterly sales have increased on the back of strong brand equity among consumers, latest fashion products and superior quality aided by solid end of season sales, encouraging festive & wedding season across India”
The company further added, “The company is well on track to complete the shared target of opening 50-55 EBOs in this financial year. It is confident of long-term sustainable and profitable growth going ahead which will benefit all stakeholders and will lead to long-term value creation.” it added.
