Q1 2025 Monte Carlo Fashions Ltd Earnings Call Transcript
Key Points
- Monte Carlo Fashions Ltd (BOM:538836) reported a narrowing of EBITDA loss from INR4.1 crores to INR2.3 crores year-on-year.
- The company has seen a positive uptick in online sales, particularly from its own website.
- Brand Rock.it has performed well and has been widely accepted by the market.
- Monte Carlo Fashions Ltd (BOM:538836) plans to open 45 to 50 new exclusive brand outlets (EBOs) across India.
- The company has increased its distribution network to 422 EBOs across 23 states and 4 union territories.
- Monte Carlo Fashions Ltd (BOM:538836) reported a revenue decline of 9% year-on-year for the first quarter.
- The company posted a net loss of INR13 crores for the quarter.
- The first quarter typically contributes only 10% to 12% of annual revenues, indicating a weak start to the fiscal year.
- There are still significant challenges in improving consumption levels.
- The company's working capital days remain elevated at 158 days, with no expected improvement in the near term.
Ladies and gentlemen, welcome to the Q1 FY25 results conference call of Monte Carlo Fashions hosted by Emkay Global Financial Services. We have with us today Mr. Rishabh Oswal, Executive Director; Mr. Sandeep Jain, Executive Director; Mr. R.K. Sharma, Chief Financial Officer; Mr. Dinesh Gogna, Director; and Mr. Ankur Gauba, Company Secretary.
(Operator Instructions) Please note that this conference is being recorded. I would now like to hand over the conference to Mr. Vishal Panjwani, Emkay Global Financial Services. Thank you, and over to you, sir.
Hi. Good morning, everyone. I would like to welcome the management and thank them for this opportunity. I shall now hand over the call to Mr. Sandeep Jain, Executive Director for his opening remarks. Over to you, sir.
Very good morning to everyone and thank you all for joining us for today's earnings call to discuss the quarterly performance
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