Monte Carlo Q2 Revenue Rises 5.5%, Profit Falls On Cost Pressures
Monte Carlo Fashions Ltd reported a 5.5% year-on-year increase in consolidated revenue to Rs 262.40 crore for the second quarter of FY27, while net profit declined 92.8% to Rs 1.17 crore as higher costs weighed on profitability.
Operating EBITDA fell 31.7% to Rs 28.35 crore, with its margin contracting to 10.8% from 16.7% a year earlier. Gross margin declined to 49.4% from 54.4%, while lower other income and higher depreciation and finance costs added to earnings pressure.
For the first half, revenue increased 6.3% to Rs 411.44 crore. Operating EBITDA declined 56.8% to Rs 15.42 crore, and the company recorded a net loss of Rs 22.25 crore, against a net profit of Rs 0.04 crore in the corresponding period.
Management said the later festive season had shifted a meaningful portion of consumer demand and winter sales into the third quarter.
“Our priority remains clear: to convert the breadth of our portfolio into sustained, profitable growth. This means strengthening the core Monte Carlo brand, improving store and inventory productivity, scaling newer categories responsibly and deploying capital with discipline,” said Jawahar Lal Oswal, Chairman and Managing Director.
Cotton apparel led first-half category performance, with gross sales rising 21.8% to Rs 397.95 crore and its share of gross sales increasing to 63.4%. Home textile gross sales grew 10.4% to Rs 91.64 crore, while kidswear increased 12.5% to Rs 34.46 crore. Footwear grew 91.6% from a small base to Rs 9.31 crore. Woollen gross sales declined to Rs 94.04 crore from Rs 106.24 crore.
Monte Carlo opened 24 exclusive brand outlets and closed 15 during the first half, taking its network to 506 outlets as of September 30, 2026. The company also signed agreements with BigBasket, with sales expected to commence in Q3FY27.
Heading into the seasonally important second half, Monte Carlo remains focused on retail execution, inventory productivity and cash conversion.
