Monte Carlo Fashions Ltd

Q3 FY26Textiles & Apparels

Monte Carlo Fashions Q3 FY26 earnings call: Revenue & Margins

Q3 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹548

Market cap₹1.0K Cr

P/E9.9

Updated23 Aug 2026

Read4 min read

The short version

Monte Carlo Fashions Limited expects a multiyear growth of 15% to 20% in sales/revenue, not limited to just the next financial year. The company indicates a multi-year growth guidance of 15% to 20% in revenue, not limited to just the next financial year.

From Monte Carlo Fashions Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Monte Carlo Fashions Limited expects a multiyear growth of 15% to 20% in sales/revenue, not limited to just the next financial year.
The company aims for profitable growth, maintaining EBITDA margins of around 20-21%, on par with peers.
For FY 2026 and FY 2027, management is confident in sustaining 15%-20% growth leveraging various levers, including new brands like Rockit, Cloak & Decker, and strong online sales (currently 12%).
Summer wear segment is growing faster than winter wear, contributing to the annual revenue mix shift and aiding stronger Q4 growth projections.
Retail stores (currently ~490) will expand by 40-45 stores in FY 2027, supporting revenue growth.

2 more points management made on revenue & sales performance

Profitability & Margins

The company indicates a multi-year growth guidance of 15% to 20% in revenue, not limited to just the next financial year.
For the current year, they expect to end around 15% revenue growth, at the top end of previous guidance.
EBITDA margins are expected to improve by 100 to 200 basis points over last year.
The company emphasizes under-commitment and over-delivery, with a track record of meeting or exceeding guidance except during COVID.
Operating profit margins in Q4 are anticipated to be better than the previous year’s Q4, with improved sell-through and lower returns contributing positively.

2 more points management made on profitability & margins

See what Monte Carlo Fashions Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Investment in a 35-megawatt PM KUSUM Solar project with a project cost of around INR 120 to 150 crores.
Funding for the solar project will follow a 70:30 debt-to-equity ratio, with around INR 100 crores of debt anticipated next year related to the solar business.
The solar project is a financial investment via a separate subsidiary, not involving EPC (Engineering, Procurement, and Construction) activities.
Expected Internal Rate of Return (IRR) for the solar project is approximately 18%.
No additional solar EPC projects have been bid on or announced yet.

2 more points management made on capital expenditure plans

Top-ranked in Textiles & Apparels

Ranked on what management guided this quarter

5x potential

1Virat Industries₹530 Cr

Rev 1Mar 1

2Purple United₹474 Cr

Rev 1Mar 3

3₹847 Cr

Rev 2Mar 1

4₹279 Cr

Rev 2Mar 1

5₹2.7K Cr

Rev 2Mar 2

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

Monte Carlo Fashions currently is a debt-free company at the parent level.
The only new debt planned is related to their solar power project at the subsidiary level, with approximately INR 100 crores of debt expected next year for this.
The solar project will have a debt-equity ratio of around 70:30, with project costs estimated between INR 120 to 150 crores.

- No explicit mention of equity fundraising during the call. - Management stated decisions like share buybacks or equity fundraises would be discussed at the Board level and are not currently in their domain to announce. In summary, the immediate future fundraising involves project-specific debt for the solar subsidiary, with no announced equity fundraising plans or other debt at the parent company level.

2 more points management made on fundraising & capital structure

See what Monte Carlo Fashions Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

As of the January 29, 2026 call, Monte Carlo Fashions Limited has not bid on any new solar EPC projects beyond the ongoing 35-megawatt PM KUSUM Solar project.
The company confirmed that no additional project bid results are pending or yet to be announced at this time.
Retail order momentum is strong, driven by a recent very strong trade show for summer collections, with dispatches starting in January and continuing through March.
The company anticipates a strong Q4 with higher orders due to low retail inventory at channel and retail partners.

2 more points management made on order book & pipeline

Monte Carlo Fashions Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹280 Cr, net profit ₹5 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Monte Carlo Fas.'s management said in earlier quarters

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Frequently Asked Questions

What were Monte Carlo Fashions Ltd Q3 FY26 results?

What is Monte Carlo Fashions Ltd share price analysis?

Monte Carlo Fashions Ltd currently shows a neutral. The stock trades at a P/E of 9.9 with a market cap of ₹1,038 Cr. Investors should review the full earnings analysis for detailed insights.

Is Monte Carlo Fashions Ltd planning capital expenditure?

Investment in a 35-megawatt PM KUSUM Solar project with a project cost of around INR 120 to 150 crores.

Keep Monte Carlo Fashions Ltd on your radar — track it to get its next earnings analysis in your feed.

This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.