'Monte Carlo Fashions held its conference call on 14 November 2018 to discuss its results and future.
Dinesh Gogna – Director and Sandeep Jain – Executive Director addressed the call:
Highlights of the call:
September 2018 quarter sales grew 16% to Rs 125.80 crore.
PAT fell 55% to Rs 6.93 crore.
Six months sales grew 8% to Rs 185.04 crore.
PAT fell 37% to Rs 13.17 crore.
Cotton sales which stood at above 60% of total FY18 revenue further increased to 68.3% in H1 FY19.
This shows company's shift towards Cotton from Woollen segment
Textile and Kids segment delivered strong growth, contributing higher revenue for the overall business.
Long term benefit of transitioning from unorganized to organized due to GST should happen over a period of time.
Profit margins fell as it sold more of Home furnishing.
Majority of revenues come from outright sales
The company does not require m...
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