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MONTECARLO - Monte Carlo Fas.

📊 NSE: MONTECARLO 🏢 Textiles - Products 📅 Last Updated: 12/14/2025 9:59

📢 Recent Corporate Announcements

Monte Carlo Fashions Submits Clarification to NSE on Q3 FY25 Financial Results

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 04 Feb 2026, 12:04 AM

Monte Carlo Fashions Limited has filed a formal response to a clarification sought by the National Stock Exchange (NSE) regarding its financial results for the quarter ended December 31, 2024. The exchange query was raised under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's response was submitted and acknowledged on March 19, 2025. This process is a standard regulatory procedure to ensure transparency and accuracy in financial reporting to the public and shareholders.

NSE sought clarification regarding financial results for the quarter ended December 31, 2024.
The query was raised under Regulation 33 of SEBI (LODR) Regulations, 2015.
The company submitted its formal response to the exchange on March 19, 2025.
The submission is currently pending final verification by NSEIL.

💡 Investors should treat this as a routine regulatory compliance matter. No immediate action is required unless the exchange identifies significant discrepancies in the financial statements.

Monte Carlo Q3 FY26 PAT Rises 11% to ₹107 Cr; Guides for 15-20% Growth in FY27

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 31 Jan 2026, 05:14 PM

Monte Carlo Fashions reported a steady 11% YoY revenue growth in Q3 FY26, reaching ₹608 crores, with EBITDA margins expanding to 27.24%. The company expects to end the current fiscal year at the higher end of its 10-15% growth guidance and has forecasted a stronger 15-20% growth for the next financial year. Management highlighted robust demand in Home Textiles and a doubling of footwear sales, alongside a strategic move to invest ₹300 crores of idle cash into a solar project with an expected 18% IRR.

Q3 FY26 revenue increased 11% YoY to ₹608 crores with a PAT of ₹107 crores.
EBITDA for the quarter stood at ₹166 crores with a healthy margin of 27.24%.
Management projects 15-20% revenue growth for FY27 driven by low channel inventory and strong trade shows.
Footwear segment sales more than doubled compared to the 9-month period of the previous year.
Company is investing in a 49MW solar project with an estimated 18% IRR to optimize cash utilization.

💡 Investors should take confidence in the margin expansion and the management's optimistic 15-20% growth guidance for the next fiscal year. The strategic use of cash for high-IRR solar projects could further enhance long-term return on equity (ROE).

Monte Carlo Fashions Releases Q3 FY26 Earnings Conference Call Audio Recording

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 29 Jan 2026, 04:05 PM

Monte Carlo Fashions Limited has officially released the audio recording of its Q3 FY26 earnings conference call, which was held on January 29, 2026. The call provided management's perspective on the financial performance for the third quarter and the nine-month period of the 2025-26 fiscal year. This disclosure is a standard regulatory requirement under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Investors can access the recording via the provided corporate link to understand the company's operational trajectory and management commentary.

Audio recording of the Q3 FY26 earnings call is now available for public review.
The conference call took place on January 29, 2026, at 11:00 a.m. IST.
Discussion focused on financial results for the quarter and nine-month period ending December 2025.
The filing complies with Regulation 30 of the SEBI LODR Regulations.
Recording link is hosted on the official Monte Carlo corporate website.

💡 Investors should listen to the recording to gain insights into management's views on winter season sales and margin sustainability. No immediate trading action is required based on this procedural filing.

Monte Carlo Q3 FY26 Consolidated PAT Up 10.6% YoY to ₹107 Crore

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 28 Jan 2026, 06:23 PM

Monte Carlo Fashions Limited reported a 10.8% YoY increase in consolidated revenue to ₹60,838 lakhs for the quarter ended December 31, 2025. Consolidated Profit After Tax (PAT) rose 10.6% YoY to ₹10,699 lakhs, reflecting strong seasonal demand for its textile products. For the nine-month period, PAT saw a healthy 17% growth, reaching ₹10,703 lakhs. The company also announced a strategic diversification into solar power generation through its newly incorporated subsidiary, MCFL Energy Projects.

Consolidated Revenue grew 10.8% YoY to ₹60,838 lakhs in Q3 FY26.
Consolidated PAT increased to ₹10,699 lakhs from ₹9,674 lakhs in Q3 FY25.
Nine-month PAT showed a strong 17% YoY growth, totaling ₹10,703 lakhs.
Basic EPS for the quarter rose to ₹51.61 compared to ₹46.66 in the previous year's quarter.
Incorporation of MCFL Energy Projects Private Limited on Jan 19, 2026, for solar power projects.

💡 The company continues to show steady growth in its core seasonal apparel business while maintaining healthy margins. Long-term investors should watch how the diversification into solar energy impacts the overall capital allocation and return profile.

Monte Carlo Q3 FY26 PAT Rises 10.7% to ₹107 Cr; Revenue Up 11% YoY

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 28 Jan 2026, 06:15 PM

Monte Carlo Fashions reported a steady Q3 FY26 with revenue growing 10.9% YoY to ₹6,084 Mn, driven by strong volume growth in the woolen and cotton segments. Net profit increased by 10.7% to ₹1,070 Mn, although EBITDA margins saw a slight contraction of 99 bps to 27.24%. The company is aggressively expanding its retail footprint, reaching 490 EBOs, and has entered quick commerce partnerships with Blinkit and Swiggy for 30-minute deliveries.

Revenue from operations grew 10.9% YoY to ₹6,084 Mn in Q3 FY26
9M FY26 PAT surged 16.9% YoY to ₹1,070 Mn with an EBITDA margin of 20.23%
Woolen segment volumes increased significantly to 3,133k pieces in Q3 FY26 from 2,490k pieces YoY
Total EBO count reached 490, with a target to open 40-45 new stores annually
Strategic entry into Quick Commerce (Blinkit, Swiggy, Zepto) to enhance digital reach

💡 The company maintains a strong debt-free profile and is successfully diversifying into non-winter segments and quick commerce. Investors should hold for long-term growth as the retail footprint expands into South and West India.

Monte Carlo Q3 FY26 PAT Rises 10.7% YoY to ₹107 Cr; Revenue Up 11% to ₹608 Cr

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 28 Jan 2026, 06:12 PM

Monte Carlo Fashions reported a steady Q3 FY26 performance with revenue growing 10.9% YoY to INR 6,084 Mn and PAT increasing 10.7% to INR 1,070 Mn. The company maintained a strong EBITDA margin of 27.24% for the quarter, while 9M FY26 PAT showed a robust growth of 16.9% YoY. Growth was supported by a surge in footwear sales and the Home Textile segment, alongside strategic entries into Quick Commerce platforms like Blinkit and Zepto. The company continues to operate with no long-term debt and a consistent dividend track record.

Q3 FY26 Revenue increased 10.9% YoY to INR 6,084 Mn, while 9M FY26 PAT rose 16.9% to INR 1,070 Mn.
Footwear sales volume for 9M FY26 more than doubled compared to the same period last year.
Retail footprint expanded to 490 EBOs with a strategic focus on expanding 40-45 new stores annually in West and South India.
Adopted Quick Commerce via Blinkit, Swiggy, and Zepto for 30-minute deliveries to enhance customer reach.
Maintained a strong balance sheet with zero long-term debt and a 9M FY26 EBITDA margin of 20.23%.

💡 The company's expansion into Quick Commerce and its focus on the under-penetrated South and West Indian markets are positive growth catalysts. Investors should hold for long-term gains as the company successfully diversifies its product mix and digital distribution channels.

Monte Carlo Q3 FY26 PAT Rises 10.6% YoY to ₹107 Cr; Revenue Up 10.9%

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 28 Jan 2026, 02:40 PM

Monte Carlo Fashions reported a steady performance for Q3 FY26, with consolidated revenue growing 10.9% YoY to ₹608.4 crore. Net profit for the quarter increased by 10.6% YoY to ₹107 crore, reflecting healthy demand during the peak winter season. For the nine-month period, PAT showed a robust growth of 16.9%, reaching ₹107 crore. The company also announced a strategic move into solar power generation through a newly incorporated subsidiary.

Consolidated Revenue from operations grew 10.9% YoY to ₹60,838 lakhs in Q3 FY26.
Consolidated Profit After Tax (PAT) increased 10.6% YoY to ₹10,699 lakhs.
9M FY26 PAT witnessed a strong growth of 16.9% YoY, standing at ₹10,703 lakhs.
Quarterly EPS improved to ₹51.61 from ₹46.66 in the corresponding quarter of the previous year.
Incorporated new subsidiary MCFL Energy Projects Private Limited on January 19, 2026, for solar power projects.

💡 Investors should note the steady double-digit growth in both top-line and bottom-line during the company's peak seasonal quarter. The diversification into solar energy projects is a new development to monitor for long-term capital allocation and potential impact on core business focus.

Monte Carlo Q3 FY26 PAT Rises 10.6% YoY to ₹106.99 Cr; Revenue up 10.9%

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 28 Jan 2026, 02:37 PM

Monte Carlo Fashions reported a steady performance for Q3 FY26, with consolidated revenue growing 10.9% YoY to ₹608.38 crore. Net profit for the quarter increased by 10.6% to ₹106.99 crore, up from ₹96.74 crore in the same period last year. For the nine-month period ended December 2025, the company showed stronger growth with PAT rising 16.9% to ₹107.03 crore. Additionally, the company has diversified by incorporating a new subsidiary, MCFL Energy Projects, to venture into solar power generation.

Consolidated Revenue for Q3 FY26 grew 10.9% YoY to ₹608.38 crore compared to ₹548.78 crore in Q3 FY25.
Net Profit (PAT) for the quarter increased 10.6% YoY to ₹106.99 crore with an EPS of ₹51.61.
9M FY26 Revenue reached ₹995.61 crore, representing a growth of 11.3% over the previous year's nine-month period.
9M FY26 PAT saw a robust growth of 16.9% YoY, reaching ₹107.03 crore.
Incorporated a new wholly-owned subsidiary, MCFL Energy Projects Private Limited, for solar power generation projects.

💡 Investors should find comfort in the steady double-digit growth during the company's peak winter season. The new venture into solar energy should be monitored to ensure it does not distract from the core textile business or dilute capital returns.

Monte Carlo Fashions to Host Q3 FY26 Earnings Call on January 29, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 22 Jan 2026, 02:51 PM

Monte Carlo Fashions Limited has scheduled its Q3 FY26 post-results conference call for January 29, 2026, at 11:00 AM IST. This follows the Board of Directors meeting scheduled for January 28, 2026, where the quarterly financial results will be officially approved. The call will be hosted by Emkay Global Financial Services and will feature key management including Executive Directors and the CFO. This is a standard procedure for the company to discuss its financial performance and business outlook with the investment community.

Board meeting to approve Q3 FY26 financial results is scheduled for January 28, 2026.
Earnings conference call is set for January 29, 2026, at 11:00 AM IST.
Key management participants include Executive Directors Rishabh Oswal and Sandeep Jain, and CFO R. K. Sharma.
The call is hosted by Emkay Global Financial Services Ltd with universal access via +91 22 6280 1325.

💡 Investors should monitor the Q3 results on January 28 and join the call on January 29 to gain insights into winter season sales performance and inventory management.

Monte Carlo Fashions Schedules Q3 FY26 Earnings Conference Call for January 29, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 20 Jan 2026, 06:26 PM

Monte Carlo Fashions Limited has announced its Q3 FY26 post-results conference call for January 29, 2026, at 11:00 AM IST. This follows the Board of Directors meeting scheduled for January 28, 2026, where the financial results for the quarter will be officially approved. The call will feature key management personnel, including Executive Directors Rishabh Oswal and Sandeep Jain, and CFO R.K. Sharma. This is a standard interaction for the company to discuss quarterly performance with analysts and investors.

Board meeting to approve Q3 FY26 results is scheduled for January 28, 2026.
Post-results conference call is set for January 29, 2026, at 11:00 AM IST.
Call hosted by Emkay Global Financial Services featuring top management and directors.
Universal access numbers for the call are +91 22 6280 1325 and +91 22 7115 8226.

💡 Investors should monitor the financial results release on January 28 and participate in the conference call on January 29 to assess the company's performance during the crucial winter season.

Monte Carlo Fashions Incorporates Solar Energy Subsidiary MCFL Energy Projects

🔵 WATCH ⭐ 7/10

EXPANSION 📅 20 Jan 2026, 12:38 PM

Monte Carlo Fashions has incorporated a new wholly owned subsidiary, MCFL Energy Projects Private Limited, marking a strategic diversification into the renewable energy sector. The subsidiary, incorporated on January 19, 2026, has an initial authorized share capital of Rs. 10,00,000. It is tasked with executing solar PV power projects, specifically following Letters of Award received from Madhya Pradesh Urja Vikas Nigam Ltd under the PM KUSUM-C scheme. This move represents a significant departure from the company's core apparel business into solar power generation.

Incorporated 100% subsidiary MCFL Energy Projects Private Limited on January 19, 2026
Initial authorized share capital of Rs. 10,00,000 (Ten Lakhs)
Entry into Renewable Energy sector focusing on solar power generation and PV projects
Projects to be executed under the PM KUSUM-C scheme following awards from MPUVNL

💡 Investors should monitor the company's capital allocation strategy as it diversifies into the capital-intensive solar sector. While renewable energy offers growth, the lack of synergy with the core textile business requires a cautious assessment of management's execution capability in this new field.

Monte Carlo to Incorporate Subsidiary for 35 MW Solar Power Projects

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 16 Jan 2026, 07:32 PM

Monte Carlo Fashions Limited has approved the incorporation of a wholly-owned subsidiary, MCFL Energy Projects Private Limited, to execute its solar energy ventures. This new entity will manage the 35 MW (AC) solar PV power plant projects recently awarded by Madhya Pradesh Urja Vikas Nigam Ltd. (MPUVNL). The projects are part of the Surya Mitra Krishi Feeders Scheme under PM KUSUM-C in Madhya Pradesh. This move signifies a strategic diversification into the renewable energy sector with a dedicated management structure.

Incorporation of 100% wholly-owned subsidiary named MCFL Energy Projects Private Limited
Execution of grid-connected solar power projects with an aggregate capacity of 35 MW (AC)
Projects awarded under the PM KUSUM-C Surya Mitra Krishi Feeders Scheme
Strategic diversification from core fashion business into renewable energy generation
Cash consideration for the 100% shareholding in the new entity

💡 Investors should monitor the capital allocation towards this new energy segment and its impact on the company's overall return on equity. While diversification adds a new revenue stream, the execution efficiency of these 35 MW solar projects will be key to long-term value creation.

Monte Carlo Fashions Reports Zero Demat Requests for Quarter Ended December 31, 2025

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 12 Jan 2026, 03:40 PM

Monte Carlo Fashions Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by the Registrar and Transfer Agent (RTA) MUFG Intime India Private Limited, confirms that no securities were received for dematerialization during the quarter ended December 31, 2025. This filing is a standard regulatory requirement to ensure the reconciliation of share capital between depositories and the company's records. There are no material changes to the company's capital structure or operations resulting from this announcement.

Compliance certificate submitted for the quarter ended December 31, 2025.
RTA MUFG Intime India Private Limited confirmed zero dematerialization requests were processed during the quarter.
The filing confirms adherence to SEBI (Depositories and Participants) Regulations, 2018.
No changes reported in the company's share capital structure for the period.

💡 This is a routine administrative filing with no impact on the company's fundamentals. Investors should continue to monitor the company's quarterly financial results for performance insights.

Monte Carlo Fashions to Close Trading Window from Jan 1, 2026 for Q3 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 24 Dec 2025, 02:31 PM

Monte Carlo Fashions Limited has announced the closure of its trading window starting January 1, 2026, in compliance with SEBI insider trading regulations. This closure is ahead of the declaration of the un-audited financial results for the quarter ending December 31, 2025. The window will remain closed for all designated persons and their relatives until 48 hours after the results are made public. The specific date for the board meeting to approve these results will be announced at a later date.

Trading window closure begins on Thursday, January 1, 2026
Closure applies to Promoters, Directors, KMPs, and Designated Persons
Window will reopen 48 hours after the declaration of Q3 FY26 financial results
Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015

💡 This is a routine regulatory filing and does not impact the company's fundamentals. Investors should wait for the announcement of the board meeting date to track the upcoming Q3 earnings performance.

Monte Carlo Fashions Secures ₹147 Crore Solar Project Award for 35 MW Capacity

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 23 Dec 2025, 06:46 PM

Monte Carlo Fashions has received Multiple Letters of Award (LOA) from Madhya Pradesh Urja Vikas Nigam Ltd. (MPUVNL) for setting up solar power plants. The project involves an aggregate capacity of 35 MW (AC) under the PM KUSUM-C scheme with an estimated EPC cost of ₹147 crore. The contract includes an 18-month execution period followed by a 25-year Power Purchase Agreement (PPA). This represents a significant diversification for the company into the renewable energy sector.

Received LOA for 35 MW (AC) solar photovoltaic power generating stations
Total project value estimated at approximately ₹147 crore including GST
Execution timeline set for 18 months with a 25-year operational period
Project awarded under the Surya Mitra Krishi Feeders Scheme - PM KUSUM-C
Contracting authority is Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL)

💡 Investors should view this as a positive diversification that provides long-term revenue visibility through the 25-year PPA. Monitor the company's ability to execute the EPC phase within the 18-month timeline without straining its core apparel business capital.

View All MONTECARLO Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Revenue grew 3.6% in FY25 to INR 1,100.4 Cr. The Cotton segment contributed 54-55% of revenue, while the Woolen segment contributed 28-29%. Q2 FY26 revenue reached INR 249 Cr, a 13% YoY increase.

Geographic Revenue Split

Revenue is highly concentrated in the North and East regions, which account for over 80% of total sales. The West and South regions currently contribute less than 20% of revenue, with only 55 out of 475 EBOs located there as of September 2025.

Profitability Margins

Gross margins for franchises range between 18-20%. PAT margins fluctuated from 11.85% in FY23 to 5.64% in FY24, recovering to 7.38% in FY25. H1-FY26 PAT margin was 0.01% due to seasonal factors, though Q2 FY26 net profit was INR 16 Cr.

EBITDA Margin

EBITDA margin was 16.95% in FY25 (INR 186.5 Cr), up from 13.36% in FY24. Q2 FY26 EBITDA margin improved to 16.73% from 12.88% YoY, driven by a 47% growth in EBITDA to INR 42 Cr.

Capital Expenditure

Average capex per store is INR 0.35 Cr. The company plans to open 40-50 stores annually. Additionally, capital is being allocated for solar power investments to improve energy efficiency.

Credit Rating & Borrowing

CRISIL Ratings maintains a 'Stable' outlook. Working capital debt is projected at INR 250-275 Cr for FY26. Interest coverage was 4.2x in FY24 and is expected to remain between 4.5-5x over the medium term.

⚙️ Operational Drivers

Raw Materials

Primary raw materials include Cotton (54-55% of segment revenue) and Wool (28-29% of segment revenue). Specific percentage of total cost per material is not disclosed.

Capacity Expansion

Current retail capacity includes 475 EBOs, 1,511 MBOs, 778 NCS, and 536 SIS as of September 2025. Planned expansion involves adding 40-50 new stores per year.

Raw Material Costs

Raw material prices stabilized in FY25, which, combined with product price hikes, contributed to a 200 basis point margin expansion guidance.

Manufacturing Efficiency

Productivity per employee is INR 20 Lacs. Average revenue per sq ft is INR 12,500, with an average PBT per sq ft of INR 1,900.

📈 Strategic Growth

Expected Growth Rate

8-10%

Growth Strategy

Growth will be achieved through the addition of 40-50 stores annually, specifically targeting deeper penetration in the South and West regions. The company is also expanding its E-commerce presence, which generated INR 11.66 Cr in H1-FY26, and diversifying into athleisure (Rock.it) and luxury (Luxuria) segments.

Products & Services

Summer wear (cotton), winter wear (woolen), sweaters, jackets, t-shirts, shirts, trousers, athleisure wear, and home textiles.

Brand Portfolio

Monte Carlo (Upper Premium), Cloak & Decker (Mass), Luxuria (Luxury), Rock.it (Athleisure), and Monte Carlo Home (Home Textiles).

New Products/Services

Expansion of the 'Rock.it' athleisure brand and 'Luxuria' luxury brand to capture shifting consumer preferences toward premium categories.

Market Expansion

Targeting 40-50 new store openings per year with a focus on the South, West, and Central regions to balance the current 80% North/East concentration.

Market Share & Ranking

Monte Carlo is a leading brand in the Indian summer and winter wear markets; specific market share percentage is not disclosed.

🌍 External Factors

Industry Trends

The apparel industry is seeing a 20-25% growth potential in premium and athleisure segments. There is an increasing shift toward E-commerce and organized retail (LFS and EBOs).

Competitive Landscape

Intense competition from both national and international apparel brands in the premium and mass segments.

Competitive Moat

Strong brand equity in the winter wear segment and a robust distribution network of 475 EBOs. Store economics are a key moat, with a 2-year payback period and break-even achieved in less than 6 months.