Monte Carlo Profit Rises To Rs 106.8 Cr In Q3
Monte Carlo Fashions posts Q3 profit of Rs 106.8 crore on revenue of Rs 608.4 crore; margins dip and shares fall over 3 per cent on BSE.
Monte Carlo Fashions posts Q3 profit of Rs 106.8 crore on revenue of Rs 608.4 crore; margins dip and shares fall over 3 per cent on BSE.
India–EU trade deal boosts apparel, textile and jewellery exports with zero tariffs, opening major growth for labour sectors
2025 marks a significant pivot in the apparel industry, the changes taking place are not incremental, but fundamental, writes Rahul Mehta, Chief Mentor, Clothing Manufacturers Association Of India (CMAI)
The report states that value fashion players outperformed in the quarter with players having exposure to the east seeing benefits of early festive season
Once rooted in touch-and-feel retail, the apparel industry is now sprinting ahead in the quick commerce race
The report notes that India’s branded apparel market is fast becoming mainstream, and over 50 per cent of apparel spend will be brand-led by 2030
On the back of increased awareness across channels, higher repeat purchases and new store openings, brands are reporting an uptick in demand
The rise in disposable income, ranging from approximately Rs 30,000 to over Rs 1,00,000 per year, is expected to significantly boost apparel consumption writes Rahul Mehta.
The industry is expecting the Union Budget 2025 to focus on policies and measures that promote growth, ease of doing business and competitiveness in domestic and global markets
The report stated that recovery will be led by improved consumer financial health, driven by an increase in income levels and lower inflation which would result in a higher disposable income