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India's Monte Carlo Fashions' revenue soars 20% in Q1 FY24

18 Jul '23

1 min read

Pic: Monte Carlo

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India-based apparel firm Monte Carlo Fashions has recorded an approximately 20 per cent YoY revenue surge in the first quarter of FY24 due to robust demand.
With 11 new exclusive brand outlets (EBOs) across India, the company's total number of EBOs now stand at approximately 366.
Monte Carlo Fashions is on track to open 50-55 EBOs in this fiscal.

Monte Carlo Fashions, a leading branded apparel company based in India, has reported an approximately 20 per cent year-on-year (YoY) surge in revenue for the first quarter (Q1) of fiscal 2024 (FY24), buoyed by robust demand.

Further strengthening its retail presence in India, Monte Carlo Fashions has launched 11 new exclusive brand outlets (EBOs) during the first quarter of this fiscal year. Five of these outlets were opened in the Northern region, two each in Central and Eastern regions, and one each in Southern and Western regions.

With these new additions, the total number of Monte Carlo's EBOs now stands at approximately 366, spanning 21 states and 4 union territories. The company is on its way to meet its stated goal of opening between 50 and 55 EBOs during this fiscal, Monte Carlo Fashions said in a press release.

Fibre2Fashion News Desk (DP)

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