iconiifl-logo-icon 1
IIFL

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

Monte Carlo Fashions stock hits 52-week high on registering highest ever sales in Q3FY22

5 Jan 2022 , 10:08 AM

Monte Carlo

Monte Carlo Fashions Ltd, a leading branded apparel company has announced that the rising trend in sales that was quite visible since the Q2FY22 continues to gain further momentum in Q3FY22 as the company records the best ever year to date sales on the back of bone-chilling winters, revenge shopping and an encouraging festive & wedding season.

"This year due to climatic change the winters are very chilly specially in the northern part of India and due to revival of economy post second wave of COVID-19 people are stepping out of their houses and spending money on lifestyle products. Moreover, the festive and weddings season in India has been very encouraging this year on the back of massive vaccination drive," said company in a regulatory filing.

Further it added, "We are happy to share that the company has surpassed its earlier guidance of 25% growth in sales. There is an increase in YTD sales by approx. 35% and 15% as compared to YTD Dec 20 (9M) and YTD Dec 19 (9M) respectively. The growth in sales is contributed by both volume growth and calibrated price increase."

The company has strategically enhanced its retail presence in India with the opening of 13 new EBO’s during Q3FY22. With this the total no. of EBO’s reach approx. 318 across 20 states and 4 union territories. Apart from this the company also has presence through MBO’s, NCS and over all the major online platforms like Amazon, Flipkart, Myntra, Jabong and Kapsons. In line with the commitment towards its customers the company launched brand new collection across categories and worked extensively in giving the new look and feel to all its EBO’s. The company continues to witness encouraging trends through its online channels as well.

At around 9:50 AM, Monte Carlo Fashions was trading at Rs674.15 apiece up by Rs10.7 or 1.61%, after hitting 52-week high at Rs715 per piece on Sensex.

Related Tags

  • business update
  • earnings
  • financial performance
  • Monte Carlo Fashions Ltd
  • Monte Carlo Fashions Ltd shares
  • Monte Carlo Fashions Ltd stocks
  • news
sidebar mobile

BLOGS AND PERSONAL FINANCE

Images
29 Mar 2024   |   10:14 AM
Images
28 Mar 2024   |   03:36 PM
Images
28 Mar 2024   |   03:01 PM
Images
28 Mar 2024   |   01:21 PM
Read More
Knowledge Centerplus
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Knowledge Centerplus

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

ATTENTION INVESTORS
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.