Monte Carlo Fashions records Q1 revenue growth of 20 percent

Monte Carlo Fashion Ltd has recorded a 20 percent revenue growth for the April-June quarter of the current financial year.

During the quarter, Monte Carlo strengthened its retail presence with the addition of 11 exclusive brand outlets (EBOs) across the country.

“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 said in a regulatory filing.

“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.

Monte Carlo ended the first quarter with an EBO count of 366 across 21 states and 4 union territories.

Apart from this, the company has presence through multi-brand outlets, distributors along with presence on major online platforms like Ajio, Amazon, Flipkart, Firstcry, Myntra, Jabong, Kapsons, and its own website.