Monte Carlo Fashions Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 07, 2024 at 07:52 am EST
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Monte Carlo Fashions Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 5,041.9 million compared to INR 5,195.4 million a year ago. Revenue was INR 5,098.5 million compared to INR 5,254.5 million a year ago. Net income was INR 772.7 million compared to INR 863.1 million a year ago. Basic earnings per share from continuing operations was INR 37.27 compared to INR 41.63 a year ago. Diluted earnings per share from continuing operations was INR 37.27 compared to INR 41.63 a year ago.
For the nine months, sales was INR 8,553.9 million compared to INR 8,809.9 million a year ago. Revenue was INR 8,745.3 million compared to INR 8,941.3 million a year ago. Net income was INR 789.4 million compared to INR 1,127 million a year ago. Basic earnings per share from continuing operations was INR 38.08 compared to INR 54.36 a year ago. Diluted earnings per share from continuing operations was INR 38.08 compared to INR 54.36 a year ago.
Monte Carlo Fashions Limited is an India-based apparel company. The Company is engaged in providing woolen and cotton wear for men, women and kids. The Company also has a presence in home textiles. It caters across all customer categories through its brands, Monte Carlo, Rock.it, Cloak & Decker, Luxuria, and Tweens. The Companyâs products are available pan India through a network of exclusive brand outlets (EBOs), multi-brand outlets (MBOs), shops in shops, distributors, national chain stores along with easy availability across various e-commerce platforms like Amazon, Flipkart, Myntra etc. Their distribution network covers 21 states and four union territories. The Company has a presence in approximately 2,500 MBOs, 356 EBOs and over 1,100 NCS & SIS model outlets. Its products range includes sweaters, t-shirts, jackets, sweatshirts, cardigan, dresses, tunics and others.
MONTE CARLO FASHIONS LIMITED 
