Home / Knowledge / News / Fashion / Monte Carlo opens first shop in Hyderabad
Monte Carlo opens first shop in Hyderabad
25
Jun '15
Premium apparel brand Monte Carlo Fashions Ltd, has launched its first exclusive brand outlet at Jubilee Hills in Hyderabad, the media has reported.

The new store offers complete attire to the consumer offering the latest fashion trends for men, women and tweens (8-14 years).

Swapan Datta, president, retail, Monte Carlo Fashions Ltd said, “Monte Carlo is an established brand in North, Central & East India. Looking at young customers’ fashion taste and preference for aspirational brand like ours, we feel there is enormous business opportunity in Hyderabad region. We wish to gratify and offer our consumer a fulfilled shopping experience”.

Monte Carlo is part of the Punjab-based Nahar Group. It is available across 217 exclusive brand outlets and 1200 plus multi brand outlets in India and abroad.

Monte Carlo Fashions which announced its fourth quarter and full year FY15 results late last month, reported revenue growth of 15.8 per cent YoY at Rs 582.6 crore for the year ended March 31, 2015.

During the same period, MCFL 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.

The board of directors declared the final dividend of 100 per cent (Rs 10 per equity share of face value of Rs.10 each fully paid up). The dividend payout is 36.36 per cent of the PAT, the company announced. (SH)

Fibre2fashion News Desk – India

Must ReadView All

Apparel/Garments | On 23rd Feb 2017

NAFTA renegotiation puts Mexico-US jeans trade at risk

The almost imminent renegotiation of the North America Free Trade...

Rick Helfenbein (left), president and CEO of AAFA, with Juan Estrada, chief of party, Hub; Courtesy: Hub

Apparel/Garments | On 23rd Feb 2017

AAFA inks agreement for best manufacturing in East Africa

The American Apparel & Footwear Association (AAFA) has entered into a ...

Mango vice-chairman and member of the board of directors Daniel Lopez (L) with Ananth Narayanan, CEO, Myntra & Jabong. Courtesy: Myntra

Apparel/Garments | On 23rd Feb 2017

Mango awards distribution & management rights to Myntra

Mango, the Spanish fast fashion brand, has awarded its master...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search