Monte Carlo Fashion shares zoom 14% after March quarter profit jumps 56%

Monte Carlo Fashion opened a total of 47 exclusive brand outlets, surpassing its target for the year of 40 to 45. As of March 2023, the total exclusive brand outlets stood at 356, the company said.

The company's revenue from operations for the January-March quarter came in at Rs 236.7 crore, registering an increase of 45.7%, compared to Rs 162.4 crore in the year-ago period.

On the operating front, the company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) came in at Rs 32.3 crore, up 43.1%. The total income for the quarter stood at Rs 244.4 crore, compared to Rs 170.5 crore in the same period last year.


Monte Carlo Fashion opened a total of 47 exclusive brand outlets, surpassing its target for the year of 40 to 45. As of March 2023, the total exclusive brand outlets stood at 356, the company said.

The company recommended a final dividend of Rs 20 per equity share for the financial year 2022-2023. The final dividend will be paid after approval of the shareholders at the ensuing annual general meeting of the company.

At 11.40 am, the scrip was trading 12.7% higher at Rs 837.5 over its last day's closing price of Rs 743.4 on BSE. On a year-to-date basis, the stock has surged 16.8%, while it has risen 65% in the last year.

Technically, Monte Carlo Fashion is trading above 8 out of 8 SMAs. The day RSI (14) is at 64.3. The RSI below 30 is considered oversold and above 70 is overbought, Trendlyne data showed. MACD is at 17.6, which is above its Center Line, but below the signal line.

Promoters' stake in the company stood at 73.17%. Among public shareholders, ace investor Dolly Khanna holds a 2.11% stake, and Vikas Khemani holds a 1.35% stake.

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