Monte Carlo Fashions reported consolidated profit after tax of ₹11,206 lakh for FY26, up from ₹8,117 lakh in FY25, as the company filed its annual report ahead of its 18th Annual General Meeting scheduled for September 28, 2026.

The apparel maker's consolidated revenue from operations grew to ₹1,27,591 lakh in FY26 from ₹1,10,041 lakh in FY25, reflecting a year-on-year increase of approximately 15.94%. Production volume rose to 43,01,887 pieces from 37,31,846 pieces, an increase of 15.27%. The Board of Directors has recommended a final dividend of ₹20 per equity share (200% on face value of ₹10), subject to shareholder approval at the AGM. The record date for the dividend is September 21, 2026, and the share transfer books will remain closed from September 22, 2026 to September 28, 2026.

Financial Performance

The following table summarises the company's consolidated and standalone financial results for FY26 versus FY25 (all figures in ₹ lakh).

Gross margin stood at 49.60% in FY26 versus 47.93% in FY25. The company holds a cash balance of ₹25,489 lakh comprising cash, bank balances and current and non-current investments. Long-term borrowings remain at zero, consistent with FY25. The net debt-to-equity ratio is 0.37 for FY26. ROCE and Cash Adjusted ROCE are 16.87% and 16.88% respectively.

What the Numbers Show

Profit after tax grew at a faster rate than revenue in FY26. While consolidated revenue expanded approximately 15.94%, consolidated PAT rose approximately 38%, pointing to improved margin efficiency. Return on net worth increased to 12.34% from 9.57% in FY25, driven by stronger PAT growth relative to the increase in net worth.

Business Operations

Monte Carlo Fashions operates 497+ Exclusive Brand Outlets (341 FOFO and 156 COCO), 1,615+ Multi-Brand Outlets, 891 National Chain Store counters and 578 Shop-in-Shop/NCS outlets. The company added 26 net new EBOs during FY26. Online net sales grew 38% year-on-year, with sales through the company's own website and Rock.it platform reaching ₹496 million. Cotton products contribute approximately 55% of total revenue. The company also entered quick-commerce partnerships with Blinkit, Swiggy and Zepto, and initiated direct international e-commerce through overseas platforms Joom.com and Stylishop.com.

The company has two wholly owned subsidiaries: MCFL Ventures Limited (formerly Monte Carlo Home Textiles Limited) and MCFL Energy Projects Private Limited, incorporated on January 19, 2026. The statutory auditor is Deloitte Haskins & Sells (Firm Registration No. 015125N), appointed at the 14th AGM for a five-year term ending at the 19th AGM.

Governance and Remuneration

The 18th AGM will consider reappointment of several directors. Promoter Jawahar Lal Oswal is proposed for a five-year term as Chairman and Managing Director effective August 10, 2026, with a basic salary of up to ₹75 lakh per month (ceiling ₹1 crore per month) and a 2% commission on net profit. His remuneration drawn in FY26 was ₹986 lakh. Executive Directors Ruchika Oswal and Monica Oswal are each proposed for five-year reappointments effective August 10, 2026, with basic salaries of ₹4.5 lakh per month each and ceilings of ₹10 lakh per month.

Independent Directors Manikant Prasad Singh and Parvinder Singh Pruthi are proposed for second five-year terms commencing February 1, 2027 and ending January 31, 2032. Parvinder Singh Pruthi, who will attain age 75 during his proposed term, requires special resolution approval under SEBI Listing Regulations for continuation. Sandeep Jain and Dinesh Gogna retire by rotation and seek reappointment.

CSR and Other Disclosures

The company was required to spend ₹238 lakh on CSR for FY26 and fulfilled its entire obligation by donating ₹238 lakh to Oswal Foundation for preventive healthcare activities. The company holds a CRISIL rating of AA- for long-term borrowings and A1+ for short-term borrowings. About 99.98% of total equity share capital (20,729,442 equity shares) is held in dematerialised form. Promoters and promoter group hold 73.17% of the paid-up equity share capital as on March 31, 2026.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE950M01013/13415d44-24e0-487a-a7ff-ddd21b363cb3.pdf

Monte Carlo Fashions has submitted its Business Responsibility and Sustainability Report (BRSR) for FY26 to the stock exchanges. The filing outlines the company's environmental performance, highlighting a substantial reduction in energy consumption and water intensity alongside its operational footprint.

The Ludhiana-based apparel manufacturer reported that its total energy consumption fell to 5,074,333.7 units in FY26, down from 7,993,297.80 units in FY25. This decline occurred despite revenue from operations rising to ₹12,759.1 crore from ₹11,004.1 crore in the prior year. The company attributed part of this efficiency gain to increased reliance on renewable sources, although overall renewable generation also saw a decrease year-on-year.

Environmental Metrics

The company's resource efficiency improved across key parameters during the financial year. Water withdrawal dropped to 51,723 kilolitres from 60,470 kilolitres in FY25. Consequently, water intensity per rupee of turnover declined to 0.40 from 0.62. Waste generation also saw a sharp contraction, with total waste falling to 200 metric tonnes from 1,645.25 metric tonnes in the previous year.

What the Numbers Show

The divergence between rising revenue and falling resource inputs indicates improved operational efficiency. While revenue grew approximately 16% to ₹12,759.1 crore, total waste generated dropped by nearly 88% to 200 metric tonnes. This suggests a decoupling of production volume from waste output, likely driven by process optimizations or changes in waste categorization, as hazardous waste reporting shifted significantly between periods.

Governance and Social Initiatives

Under Principle 8, the company disclosed CSR expenditure of ₹238.00 lakhs for FY26, directed towards healthcare projects in Punjab via the Oswal Foundation. The report notes that 100% of permanent employees and workers received training on human rights issues. No complaints regarding sexual harassment, discrimination, or child labour were reported during the period. The Board of Directors retains oversight of sustainability issues, with no separate committee established for these matters.