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

Courtesy: Reliance Industries

Textiles | On 24th Apr 2017

Reliance’s FY17 revenue from petrochemicals up 12.2%

Increase in prices across polymers and polyester chain has...

Textiles | On 24th Apr 2017

India, Kazakhstan to increase cooperation in textiles

Indian and Kazakhstan are deliberating upon increasing cooperation in ...

Textiles | On 24th Apr 2017

GST reflects 'One nation, One aspiration' spirit: Modi

Prime Minister Narendra Modi has said that the Goods and Services Tax ...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Larry L Kinn
Suominen Corporation

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Bani Batra

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

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
April 2017

April 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