Monte Carlo is a leading branded apparel company with a comprehensive range of woollens, cottons, cotton blended, knitted and woven apparels for Men, Women and Kids under the umbrella brand "Monte Carlo". The company has announced that the rising trend in sales that was quite visible since the Q2FY22 continues to gain further momentum in Q3FY22 as the company records the best ever year to date sales on the back of bone-chilling winters, revenge shopping and an encouraging festive & wedding season. This year due to climatic change the winters are very chilly specially in the northern part of India and due to revival of economy post second wave of COVID-19 people are stepping out of their houses and spending money on lifestyle products. Moreover, the festive and weddings season in India has been very encouraging this year on the back of massive vaccination drive. We are happy to share that the company has surpassed its earlier guidance of 25% growth in sales. There is an increase in YTD sales by approx. 35% and 15% as compared to YTD FY20 and FY19 respectively. The growth in sales is contributed by both volume growth and calibrated price increase. As you are aware that Q3 is the most critical quarter for the company due to its strong positioning in the winter wear segment, the strong performance of 3™4 quarter will be the key contributor for the annual sales and profitability of the company. The company has strategically enhanced its retail presence in India with the opening of 13 new EBO's during Q3FY22. With this the total no. of EBO's reach approx. 318 across 20 states and 4 union territories. Apart from this the company also has presence through MBO's, NCS and over all the major online platforms like Amazon, Flipkart, Myntra, Jabong and Kapsons. In line with the commitment towards its customers the company launched brand new collection across categories and worked extensively in giving the new look and feel to all its EBO's. The company continues to witness encouraging trends through its online channels as well. The company has adopted itself to the new normal and as an organization we were better prepared owing to the learnings over the last year and are more agi to handle the challenges which may happen in future due to COVID 19. We are optimistic on delivering sustainable growth in the foreseeable future. Shares of Monte Carlo Fashions Limited was last trading in BSE at Rs. 605.45 as compared to the previous close of Rs. 602.25. The total number of shares traded during the day was 7270 in over 540 trades. The stock hit an intraday high of Rs. 615.00 and intraday low of 602.00. The net turnover during the day was Rs. 4415070.00.

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