Monte Carlo Q1 net loss widens to Rs 23.4 crore
New Delhi, Aug 5
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, compared to a net loss of Rs 16.2 crore in the corresponding quarter of the previous financial year.
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
Reader Comments
Monte Carlo has always been a trusted brand for winter wear in North India. My family has been buying their sweaters for years. But with online fast fashion brands offering cheaper alternatives, traditional retailers are struggling. They need to strengthen their D2C presence and maybe collaborate with influencers. 23 crore loss is concerning but they have the brand equity to bounce back.
Stock down 6.5% in one day and 8.4% in one month. The market is not happy with this Q1 performance. The problem is that Q1 is always a lean season for winter wear companies. They still have losses despite revenue growth, which means operational efficiency is poor. Let's wait for Q2 and Q3 numbers before passing final judgement. Investors with a long-term horizon might see this as a buying opportunity if they believe in the brand's revival.
Honestly, who still buys Monte Carlo? The designs feel outdated compared to what Zudio, H&M and even local brands are offering. The youth wants trendy stuff at reasonable prices. The company needs a complete rebranding strategy – better marketing, modern designs and maybe celebrity endorsements. Otherwise, this loss trend will continue. 😕
Being from Ludhiana, I know the Nahar Group has deep roots in textiles. This is just a cyclical downturn. Q1 is notoriously weak for winter wear companies. The 7.6% revenue growth shows demand is there. They're probably investing in new stores and capex, which is dragging EBITDA. If you believe in the Indian premium apparel story, this could be a value pick. Not investment advice, just my observation. 👀
K We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.