'Monte Carlo Fashions held its conference call on 22 May 2019 to discuss its results and future.
Dinesh Gogna – Director and Sandeep Jain – Executive Director addressed the call:
Highlights of the call:
In Q4 of 2019 revenue increased 14.5% year-on-year, backed by robust growth for the all segments. Gross margin declined on account of additional discount of Rs 19 crore due to higher discount sales during March 2019 quarter.
In FY 2019 the company recorded a robust revenue growth of 14% backed by improved traction across all business segments.
In FY 2019, the woolen segment grew by 14% yoy and the cotton segment grew 16%. Home furnishing segment grew 41% and gift segment grew by 22%.
Out of total FY 2019 sales., MBOs contributed along with the distributors Rs 313 crore, EPOs contributed Rs 259 crore, corporate sales contributed Rs 65 crore, E-commerce sales contributed Rs 21.55 crore.
NCS sales accounted for 10% of total sal...
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