Monte Carlo Q1 net loss widens to Rs 23.4 crore

New Delhi, Aug 5 (IANS) Premium apparel brand Monte Carlo Fashions on Wednesday reported a wider consolidated net loss of Rs 23.4 crore for the quarter ended June 30 (Q1 FY27), compared to a net loss of Rs 16.2 crore in the corresponding quarter of the previous financial year (Q1 FY26).

On quarter-on-quarter (QoQ), the company swung into Rs 23.4 crore loss in Q1, compared to Rs 5 crore profit reported in previous quarter of the last financial year (Q4 FY26), according to its stock exchange filing.

The company’s revenue from operations, however, rose 7.6 per cent year-on-year to Rs 149 crore during the April-June quarter, up from Rs 138.5 crore in the same period last financial year.

At the operating level, Monte Carlo’s EBITDA loss widened to Rs 12.7 crore in the first quarter, compared with an EBITDA loss of Rs 5.9 crore reported a year ago, as per its regulatory filing.

Following the result announcements, the shares of the company were trading 6.52 per cent or Rs 35.1 lower at Rs 503.05.

In last five days, it has dropped 5.18 per cent or Rs 27.50. The drop pronounced on longer timeframe as in last one month, the stock dropped 8.39 per cent or Rs 46.05.

Monte Carlo, one of India’s premium apparel brands, was launched in 1984 by Oswal Woolen Mills, a part of the Nahar Group.

Headquartered in Ludhiana, Punjab, the company has established a strong presence in the branded woollen wear segment and has expanded its portfolio into year-round apparel and home textiles.

The company’s product range includes sweaters, jackets, thermal wear, hoodies, shirts, T-shirts, jeans, trousers and tracksuits for men, women and tweens, along with home textile products such as blankets, bedsheets, towels and rugs.

–IANS

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