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Q2 FY16 revenue increases 8.7% at Monte Carlo
17
Nov '15
Monte Carlo, a leading fashion and apparel manufacturer based in Ludhiana, India, posted revenue of Rs 1366.2 million in the second quarter of FY16, which is a growth of 8.7 per cent as compared to the corresponding quarter in the last fiscal, because of an overall growth across all its segments, according to a press statement released by the company.

The company also recorded an increase in EBITDA (without other income) by 45.1 per cent for Q2 FY16, making it stand at Rs 266.3 million. EBITDA margin for Q2 FY16 increased 19.5 per cent as compared to 14.6 per cent in Q2 FY15.

Profit After Tax (PAT) increased by 75.1 per cent year-on-year to Rs 136.3 million. PAT margin increased by 10 per cent for the quarter as compared to 6.2 per cent in Q2 FY15.

Marketing and advertising spend decreased by 27.9 per cent or by Rs 25.1 million for the quarter compared to Rs 34.8 million in Q2 FY15. This is because most of the expenses were already covered in Q1 FY16.

Company is on track to improve its presence and penetration on a pan-India basis, the statement said. (MCJ)

Fibre2Fashion News Desk — India

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