Monte Carlo Fashion shares zoom 14% after March quarter profit jumps 56%

Monte Carlo Fashion has exceeded its target by opening 47 exclusive brand outlets, with a total of 356 as of March 2023. The company’s Q1 2023 revenue from operations increased by 45.7% to Rs 236.7 crore YoY, and EBITDA rose by 43.1% to Rs 32.3 crore. The company suggested a final dividend of Rs 20 per equity share for FY2022-2023. The stock price rose by 12.7% and was trading at Rs 837.5. Promoters hold 73.17% of the company, and ace investors such as Dolly Khanna and Vikas Khemani hold stakes as well.