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Revenue from operations jumped 22.95% to Rs 138.77 crore during the quarter as compared with Rs 138.77 crore recorded in Q1 FY23.
The company posted pre-tax loss of Rs 15.50 crore in Q1 FY24 as against pre-tax loss of Rs 5.34 crore in corresponding quarter last year.
The Indian retail clothing chain reported negative EBITDA of Rs 41 crore in Q1 FY24 as compared with positive EBITDA of Rs 44 crore posted in corresponding quarter last year. It has reported negative EBITDA margin of 2.95% in Q1 FY24 as against positive EBITDA margin of 3.90% in Q1 FY23.
The company has opened 11 New EBOs ( 8 COCO & 3 FOFO) and 1 EBO closed down due to unviability.
Monte Carlo Fashions provides a diverse range of products, such as woollen, knitted, cotton, cotton blended, kids' wear, and home furnishing items.
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