Monte Carlo Fashions Swings to ₹22.3 Crore Net Loss as H1 FY27 Revenue Rises 6.3%

Monte Carlo Fashions reported a net loss of ₹22.3 crore for the first half of FY27 even as revenue rose 6.3% year on year to ₹411.4 crore, B2B Marketplace reported on November 5, 2026. The Ludhiana-based apparel and home-furnishing retailer sells menswear, womenswear, kidswear and home textiles through more than 100 exclusive brand outlets and franchisee stores across India.

Monte Carlo's H1 FY27 Revenue and Loss

Operating EBITDA for the six months ended September 2026 fell 56.8% to ₹15.4 crore from ₹35.7 crore a year earlier. Monte Carlo attributed the profitability pressure to higher material and employee costs, increased operating costs and lower other income.

Gross sales rose 13.8% to ₹627.4 crore, led by the cotton segment, which grew 21.8% and accounted for 63.4% of gross sales against 59.2% a year earlier. Home textiles and kidswear sales grew 10.4% and 12.5%, while footwear sales rose 91.6% from a low base.

In the second quarter, revenue rose 5.5% year on year to ₹262.4 crore and operating EBITDA declined 31.7% to ₹28.4 crore. Monte Carlo reported profit after tax of ₹1.2 crore for the quarter.

Monte Carlo said the first-half performance was affected by festive demand and winterwear sales shifting into the third quarter, which accounted for 47% of annual revenue in FY26. Net debt excluding lease liabilities rose to ₹302 crore as of September 2026 from ₹74.2 crore at the end of March 2026, reflecting seasonal working-capital needs, and capital expenditure was ₹33.16 crore in the half.

Monte Carlo's FY26 Sales and Store Network

According to akta.pro company records, Monte Carlo's annual sales for the fiscal year ended March 2026 were ₹1,275.91 crore, up 15.95%, and full-year net profit was ₹112.06 crore, up 38.06%. The same records show the company maintains more than 100 exclusive brand outlets and franchisee-operated stores across India.

Board Reappointments and Trading Window

At its September 28, 2026 AGM, Monte Carlo re-appointed Chairman and Managing Director Jawahar Lal Oswal along with Executive Directors Ruchika and Monica Oswal for five years, ScanX reported on September 29, 2026. The company closed its trading window for insiders on October 1, 2026, ahead of its Q2FY27 results, with the restriction lasting until 48 hours after the unaudited results for the quarter and half year ended September 30, 2026 were declared, ScanX reported on September 24, 2026.

Monte Carlo's FY27 Growth Target

Monte Carlo is targeting low double-digit revenue growth for FY27, supported by stronger second-half demand, and plans to add 40-45 exclusive brand outlets during the financial year.