Q4 2024 Monte Carlo Fashions Ltd Earnings Call Transcript
Key Points
- Monte Carlo Fashions Ltd (BOM:538836) reported a revenue of INR1,062 crore for FY24, indicating a strong overall performance despite challenges.
- The company added 55 new Exclusive Brand Outlets (EBOs) in FY24, bringing the total number to 411, showcasing its expansion efforts.
- Online sales have picked up significantly, contributing 9% to overall sales, up from 6-7% previously.
- The home textile segment showed promising growth, with an anticipated 15-20% increase in the upcoming financial year.
- Monte Carlo Fashions Ltd (BOM:538836) plans to open 45-50 new EBOs across India in the coming year, indicating continued growth and market penetration.
- The company reported a revenue decline of 13% year-on-year for Q4, with a net loss of INR19 crores, reflecting a challenging quarter.
- EBITDA for FY24 declined by 34% year-on-year, with EBITDA margins dropping to 13.46%, indicating reduced profitability.
- Higher sales returns and increased discounts significantly impacted the company's financial performance.
- Finance costs have tripled over the last two years, raising concerns about cash conversion and overall financial health.
- The company faced challenges with higher inventory levels and delayed winter season, leading to increased discounts and returns, affecting profitability.
Ladies and gentlemen, good day, and welcome to the Q4 and FY24 earnings conference call of Monte Carlo Fashions Limited. (Operator Instructions) Please note this conference is being recorded. I now hand the conference over to Ms. Purvangi Jain from Valorem Advisors.
Thank you, and over to you, ma'am.
Warm welcome to all. My name is Purvangi Jain from Valorem Advisors. We represent the Investor Relations for Monte Carlo Fashions Limited. On behalf of the company, I would like to thank you all for participating in the company's earnings call for the fourth quarter and financial year 2024.
Before we begin a quick cautionary statement. Some of the statements made in today's conference may be forward-looking in nature. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from those anticipated. Such statements are based on management's beliefs as well as assumptions made by and information currently available to the management.
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
