Ludhiana-based leading apparel brand Monte Carlo Fashions has recorded revenue growth of 5 per cent in Q2 of FY ’23 as compared to that in Q2 of FY ’22 and 63 per cent over Q2 of FY ’20 (pre-Covid).
Announcing results for the quarter ended 30th September 2022, the company said that it has recorded revenue growth of 29 per cent in H1 of FY ’23 as compared to that in H1 of FY ’22 and 70 per cent over H1of FY ’20 (pre-Covid).
The company said that the sales have been good on the back of strong brand equity among consumers, latest fashion products and superior quality aided by solid end-of-season sales and encouraging festive season across India.
During the quarter, the company has strengthened its retail presence in India with the opening of 13 new EBOs. Now the company has a total of 335 EBOs.
The company also claimed that it has a strong order booking for the next summer season via the recently held order booking exhibition held. The winter season has started early this year in some parts of India which will have a positive impact on the company’s growth and volume for the quarters coming ahead, for which the management of the company is confident.
