Monte Carlo Fashions Ltd Q3 net profit rise 25 percent to Rs 97 crore

Monte Carlo Fashions Limited reported a 25 percent increase in consolidated net profit to Rs 97 crore for the third quarter ended December 2024, as against Rs 77 crore in the year ago quarter.

The company’s revenue for the quarter rose to Rs 549 crore, as against Rs 504 crore in the corresponding quarter of the previous fiscal year.

The company is aggressively committed to open 45-50 exclusive brand outlets (EBO) pan India including west and south in Q3-FY25.

Home textile is expected to continue to show good growth, and company has opened 6 EBO’s for home textiles in Q3-FY25, totalling to 12 EBO’s as on 31st Dec 2024 and plans to continue to open more in coming times.

“Online sales have picked up, particularly from own website during the quarter. Tied up with quick commerce partners like Blink it, Swiggy and Zepto for up to 30 minutes delivery,” it added.

Monte Carlo Fashions sells its brands through a wide network of exclusive outlets, multi-brand outlets, national chain stores and across major e-commerce platforms like Amazon, Flipkart, Myntra among others.