New Delhi, 14th August 2018: Front line fashion apparel player Monte Carlo announced an impressive 50% growth in the first quarter of 2018 over the same period last year.

“We are happy with the encouraging figures in this quarter, the number clearly reflects our strong presence in the market and it humbles us to see the brand loyalty people have reposed in us year after year. With new collections we aim to strengthen our clientele further and we promise many more quality products from the house of Monte Carlo”, said Mr. Rishabh Oswal, Executive Director, Monte Carlo.

To mark their strong presence across the country Monte Carlo has promised 380 total outlets by 2022.This will further strengthen the brand identity of the company

About Monte Carlo Fashion Ltd

Being the market leader and enjoying wide spread recognition in the woolen segment, the flagship Company, OWM, in order to make Monte Carlo an all season brand and to capitalize on the brand name, entered the cotton segment.

The products offered under brand Monte Carlo, apart from woollen knitted garments, include Shirts, Trousers, Denims, Bermudas, Lowers, Hi-Street Fashion Shirts, Tops, Dresses, Jumpsuits, Urban Tunics, Shrugs, Shorts, Capris, Narrow Pants, Leggings, Track Suits and Solid T-Shirts for men, women and tweens (6-16 years). Widening its horizons, the company also gained ground in the production and supply of accessories like ties, belts, socks, The main objective of the company is to stand up to the buyers' expectations with consistent quality backed with R&D divisions equipped with latest technology, a team of highly qualified technocrats and adhering to timely schedules

Due to this farsightedness and the passion towards our work, we are proud to say that in the branded woollen wear segment, Monte Carlo enjoys a market share of more than fifty percent.

The Company's products reach the end user through different channels i.e. through Exclusive Brand Outlets, Multi Brand Outlets, Large Format Outlets and through e-commerce websites. Currently, Monte Carlo is available through more than 250 exclusive brand outlets and over 1500 multi brand outlets.

Shri Jawahar Lal Oswal, Chairman and Managing Director of the company, has the view of evolving Monte Carlo showrooms into one shop destination offering contemporary clothing with world-class quality at affordable prices. His versatile and dynamic leadership has helped the brand flourish over the years and makes it the first crush of fashion conscious people of all ages and tastes in India.

Keeping the consistent growth patterns of the brand and its growing awareness and popularity, we are confident that the brand Monte Carlo will be a leading fashion and life style brand internationally in the coming years.