Home / Knowledge / News / Apparel/Garments / Monte Carlo expands presence in south India
Monte Carlo expands presence in south India
13
Jul '15
Premium apparel brand Monte Carlo is continuing to expand aggressively in south India.
 
After opening its exclusive brand outlet in Hyderabad about a fortnight ago, the brand has now opened a store in Coimbatore, taking the total number of exclusive brand outlets to 219.
 
The company plans to increase its store count to 230 by the end of fiscal 2015-16, and has already identified locations in some southern Indian cities like Chennai, Kochi, Mangaluru and Bengaluru, according to media reports.
 
Monte Carlo, part of the Punjab-based Nahar Group, has also presence in Nepal and Dubai, and has recently opened EBOs in Bangladesh.
 
For the fiscal ended March 31, 2015, Monte Carlo Fashions clocked revenue growth of 15.8 per cent year-on-year at Rs 582.6o crore.
 
During the same period, the company reported EBIDTA of Rs 123.1 crore, up by 32.8 per cent as compared to FY14. Profit after tax grew by 9.9 per cent to Rs 59.7 crore in FY15.
 
The company reported healthy EBIDTA margin in FY15 at 21.1 per cent. The profit after tax (PAT) mainly got affected due to higher depreciation as per the new Companies Act. (RKS)

Fibre2Fashion News Desk - India

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search