It also has an online presence on major platforms such as Ajio, Amazon, Flipkart, FirstCry, Myntra, Jabong, Kapsons, and its own website.
Monte Carlo maintains a presence through Multi-Brand Outlets (MBOs) and distributors, including NCS. The company is making progress toward its goal of opening 50-55 EBOs within this financial year. With these additions, the total number of EBOs now stands at approximately 366, spread across 21 states and 4 union territories. These new stores include five in the northern region, two in the central region, two in the eastern region, one in the southern region, and one in the western region. The company also benefited from successful end-of-season sales and the positive impact of festive and wedding seasons across India.ĭuring the first quarter of the financial year 2023-24, Monte Carlo expanded its reach by opening 11 new Exclusive Brand Outlets (EBOs). According to regulatory filings, this increase in sales can be attributed to factors such as strong brand recognition among consumers, the introduction of new fashion products, and a focus on superior quality.
The company reported a substantial 20 percent growth in revenue for the quarter ending June 2023. Monte Carlo Fashions Ltd shares were up 1.92 percent at Rs 819.55 on July 13 at 2:34 pm, after the company announced its Q1 business update.
