Monte Carlo Fashions LimitedQ1 FY27 Results & Financial Update
Monte Carlo Fashions Limited: Q1 FY27 consolidated results and company financials – revenue ₹149.04 Cr, PAT ₹-23.42 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Quarter overview
Quarterly earnings analysis
Monte Carlo Fashions Limited reported consolidated revenue from operations of INR 149.04 crore for the quarter ended June 30, 2026 (Q1 FY27).
Total income for the quarter stood at INR 159.50 crore, supported by INR 10.46 crore in other income items.
The company posted a consolidated loss before tax (PBT) of INR 31.71 crore for the period, reflecting seasonal off-peak operational dynamics typical of the apparel maker's annual cycle.
Net profit after tax (PAT) for the quarter was recorded at a loss of INR 23.42 crore, accompanied by a tax credit of INR 8.29 crore.
Basic and diluted earnings per share (EPS) for the quarter stood at a negative INR 11.30.
Finance costs for the quarter were reported at INR 12.30 crore, while depreciation and amortisation expenses amounted to INR 16.94 crore.
Monte Carlo Fashions Limited posted consolidated revenue from operations of INR 149.04 crore for the first quarter ended June 30, 2026, accompanied by total income of INR 159.50 crore.
The company recorded a consolidated loss before tax (PBT) of INR 31.71 crore and a net loss after tax (PAT) of INR 23.42 crore for the quarter, yielding a basic and diluted earnings per share of negative INR 11.30.
01 · Business model
What does Monte Carlo Fashions do?
Monte Carlo Fashions Limited operates in the branded apparel and textile sector, designing, manufacturing, and distributing a wide range of clothing and lifestyle products for men, women, and children.
The company's revenue model relies heavily on seasonal branded garment sales through multi-brand outlets (MBOs), exclusive brand outlets (EBOs), large-format stores, and online e-commerce channels across India.
Due to the seasonal nature of winter wear and heavy winter garments that traditionally form a significant part of the company's product mix, financial performance typically fluctuates significantly across quarters, with off-season periods often reflecting muted revenue or operational losses prior to the peak winter build-up.
02 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹149.04 Cr |
| Total income | ₹159.50 Cr |
| Profit before tax | ₹-31.71 Cr |
| Profit after tax | ₹-23.42 Cr |
| EPS | ₹-11.30 |
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue from operations reached INR 149.04 crore during the off-peak first quarter of the fiscal year, aligning with seasonal retail buying patterns for winter-heavy apparel portfolios.
The company generated INR 10.46 crore in other income during the quarter, supplementing total income to reach INR 159.50 crore.
Reported consolidated revenue from operations reached INR 149.04 crore for the quarter ended June 30, 2026.
Total income for the quarter stood at INR 159.50 crore, which includes other income of INR 10.46 crore alongside core operational turnover.
Revenue of INR 149.04 crore reflects the traditional summer off-season for the company's core winter-heavy apparel catalog, which typically generates lower turnover prior to the festive and winter build-up.
Revenue from operations reached INR 149.04 crore for Q1 FY27, reflecting customary off-season demand patterns for winter-centric apparel portfolios.
Other income added INR 10.46 crore to the company's top-line framework, resulting in a total income of INR 159.50 crore for the quarter.
Reported consolidated revenue from operations reached INR 149.04 crore for Q1 FY27, complemented by other income of INR 10.46 crore to bring total income to INR 159.50 crore.
Generated INR 149.04 crore in revenue from operations for the quarter ended 30 June 2026, reflecting the off-season baseline for apparel manufacturing.
Revenue from operations stood at INR 149.04 crore, reflecting the typical demand profile for the apparel sector's first quarter where winter-wear manufacturing and dispatch cycles are seasonally dormant.
Generated INR 149.04 crore in revenue from operations through the sale of apparel products across various distribution channels during the quarter.
Contributed INR 10.46 crore to total income, elevating total income to INR 159.50 crore for the period.
What drove margins
Finance costs stood at INR 12.30 crore for the quarter, exerting pressure on bottom-line profitability during an off-season revenue period.
Depreciation and amortisation expenses were recorded at INR 16.94 crore, reflecting ongoing asset maintenance and fixed-capital deployment.
The company recorded a negative tax expense of INR 8.29 crore (tax credit), mitigating the pre-tax loss to a net loss of INR 23.42 crore.
Finance costs of INR 12.30 crore and depreciation charges of INR 16.94 crore exerted downward pressure on profitability during a quarter characterized by lean operating revenues.
A negative tax provision of INR 8.29 crore partially moderated the bottom-line net loss of INR 23.42 crore.
Incurrence of finance costs amounting to INR 12.30 crore and depreciation of INR 16.94 crore against muted off-season revenues contributed to negative operating earnings and a PBT of INR -31.71 crore.
The company recorded a tax credit of INR 8.29 crore, which partially mitigated the pre-tax loss of INR 31.71 crore to arrive at a net loss of INR 23.42 crore.
Finance costs for the quarter were recorded at INR 12.30 crore, representing ongoing servicing obligations.
Depreciation and amortisation expenses stood at INR 16.94 crore for the period.
Tax expense was reported at a negative INR 8.29 crore, reflecting deferred or current tax credits associated with the quarterly loss.
The company recorded a negative tax provision of INR 8.29 crore, mitigating the bottom-line impact of the pre-tax loss of INR 31.71 crore.
The company recorded a negative tax provision of INR 8.29 crore, mitigating the bottom-line loss resulting from pre-tax deficits.
Incurred INR 12.30 crore in finance costs during the quarter, impacting profitability amid lower off-season revenue generation.
Recorded depreciation and amortization expense of INR 16.94 crore, reflecting fixed asset and lease accounting obligations.
Recognized a tax credit of INR 8.29 crore, which moderated the net loss for the period.
The company incurred a net loss of INR 23.42 crore on a PAT margin of -15.71%, driven by operating overheads relative to off-season sales volume.
04 · Pressure points & risks
What is not going smoothly
The company posted a net loss of INR 23.42 crore and a PBT loss of INR 31.71 crore for Q1 FY27, characteristic of lower off-season demand preceding winter sales.
The company reported a pre-tax loss of INR 31.71 crore and a net loss after tax of INR 23.42 crore for Q1 FY27.
Reported a net loss after tax of INR 23.42 crore and a loss before tax of INR 31.71 crore, consistent with seasonal demand patterns in the apparel segment.
The company reported a negative PBT of INR 31.71 crore and a net loss of INR 23.42 crore for Q1 FY27.
The company reported a consolidated pre-tax loss of INR 31.71 crore and a net loss after tax of INR 23.42 crore for the quarter.
05 · Beyond the numbers
What changed beyond the numbers
Filing Submission Scope
Financial results are presented on a consolidated basis under Indian Accounting Standards (Ind AS) for the quarter ended June 30, 2026.
06 · Key Q&A
The quarter, answered directly
What does Monte Carlo Fashions do?
Monte Carlo Fashions Limited operates in the branded apparel and textile sector, designing, manufacturing, and distributing a wide range of clothing and lifestyle products for men, women, and children.
What is the clearest takeaway from Q1 FY27?
Monte Carlo Fashions Limited reported consolidated revenue from operations of INR 149.04 crore for the quarter ended June 30, 2026 (Q1 FY27).
What drove revenue or demand?
Revenue from operations reached INR 149.04 crore during the off-peak first quarter of the fiscal year, aligning with seasonal retail buying patterns for winter-heavy apparel portfolios.
What mattered most for margins or profitability?
Finance costs stood at INR 12.30 crore for the quarter, exerting pressure on bottom-line profitability during an off-season revenue period.
What changed operationally beyond the headline numbers?
Financial results are presented on a consolidated basis under Indian Accounting Standards (Ind AS) for the quarter ended June 30, 2026.
What are the main pressure points disclosed for the quarter?
The company posted a net loss of INR 23.42 crore and a PBT loss of INR 31.71 crore for Q1 FY27, characteristic of lower off-season demand preceding winter sales.
07 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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08 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Peak Season Preparation: Monitor forthcoming quarters for inventory buildup, channel dispatch trends, and preparatory wholesale bookings ahead of the winter retail season.
- 02
Earnings Recovery Track: Track sequential revenue expansion and margin restoration in subsequent reporting periods as seasonal demand patterns normalise.
- 03
Upcoming Seasonal Demand: Monitor upcoming quarterly disclosures for the onset of peak winter-wear dispatches and inventory build-up ahead of the second half of fiscal year 2027.
- 04
Winter Season Order Intake: Monitor subsequent quarterly disclosures for the build-up of seasonal inventory, channel dispatches, and incoming wholesale orders ahead of the crucial winter sales cycle.
- 05
Peak Season Preparation: Monitor upcoming pre-winter dispatches and inventory buildup ahead of the crucial third-quarter festive and winter selling season.
- 06
Subsequent Financial Disclosures: Track subsequent quarterly filings to evaluate seasonal margin recovery and top-line expansion relative to historical winter-wear cycles.
- 07
Subsequent Quarter Performance: Monitor upcoming quarterly disclosures to evaluate seasonal demand pickup in winter apparel lines.
- 08
Upcoming Seasonal Performance: Monitor subsequent quarterly disclosures for sequential revenue recovery heading into the key winter-wear manufacturing and retail buildup periods.
- 09
Winter Season Dispatches: Monitor subsequent quarterly disclosures for the seasonal surge in winter-wear dispatches and advance booking trends.
- 10
Debt and Interest Servicing: Track finance cost trends relative to operating cash flows as inventory builds up ahead of peak retail seasons.
- 11
Autumn-Winter Season Readiness: Monitor upcoming channel dispatches and inventory buildup heading into the peak autumn-winter quarters.
- 12
Financing and Depreciation Trends: Track quarterly movements in finance costs (INR 12.30 crore in Q1 FY27) and depreciation (INR 16.94 crore) relative to seasonal revenue expansion.
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