Monte Carlo Fashions has recorded a strong first quarter sales with robust revenue growth of around 130% in Q1 FY23. The growth in sale is contributed by both volume growth and calibrated price increase on the back of steep rise in cotton prices. The company continues to witness encouraging trends through its online channels as well.
The quarterly sales have not only surpassed the pre-covid levels but have been the best ever for the company 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.
Monte Carlo Fashions manufactures and distributes men’s and women’s apparel.
