Monte Carlo posts Rs 23.42 cr Q1 loss as operations remain in the red
Expenses of Rs 161.97 cr exceeded revenue of Rs 149.04 cr, while management pointed to 38% footwear growth and new quick-commerce partnerships.
Filed 05 Aug 2026, 14:12 IST · MONTECARLO (MONTECARLO)
Key takeaways
- Monte Carlo reported a consolidated net loss of Rs 23.42 cr in Q1FY27, with operating profit at a loss of Rs 12.93 cr.
- A tax benefit of Rs 8.29 cr reduced the reported loss, while other income contributed Rs 10.46 cr against a pre-tax loss of Rs 31.71 cr.
- Management said footwear sales grew 38% year on year and expects growth to continue in upcoming quarters.
Operating loss drives Q1FY27 weakness
Monte Carlo's consolidated revenue was Rs 149.04 cr, but expenses of Rs 161.97 cr left operating profit at a loss of Rs 12.93 cr and operating margin at -8.68%. Interest of Rs 12.30 cr and depreciation of Rs 16.94 cr further widened the pre-tax loss to Rs 31.71 cr. The tax benefit of Rs 8.29 cr reduced the net loss to Rs 23.42 cr.
Footwear growth and distribution expansion stand out
Management said footwear sales grew 38% compared with Q1FY26, while online sales grew 15%. The company told investors it has partnered with Blinkit, Swiggy and Zepto to enable deliveries within 30 minutes. Management also said its February and March trade shows generated order bookings for the upcoming season.
Profit quality remains tied to non-operating support
Other income was Rs 10.46 cr even as the company reported a pre-tax loss of Rs 31.71 cr, so the quarter did not produce profit from operations. The reported tax rate was 26.14%, but the tax line was a benefit because the company was loss-making. There is no quarter-on-quarter, year-on-year or post-results stock reaction data to establish a broader trend.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹149 cr |
| Other income | ₹10 cr |
| Expenses | ₹162 cr |
| Operating profit | ₹-13 cr |
| Operating margin (%) | -8.68% |
| Interest | ₹12 cr |
| Depreciation | ₹17 cr |
| Profit before tax | ₹-32 cr |
| Tax | ₹-8 cr |
| Net profit | ₹-23 cr |
| EPS (₹) | ₹-11.30 |
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
This quarter
- Online sales grew 15% compared with Q1-FY26, while footwear sales grew 38%.
Guidance & outlook
- The company expects footwear sales to continue growing in upcoming quarters.
New orders
- The company’s February and March trade shows drove order bookings for the upcoming season.
New initiatives
- The company partnered with Blinkit, Swiggy and Zepto to enable deliveries within 30 minutes.
- The company organized Pre-Winter and Winter trade shows in February and March 2026.
What to watch
- Whether operating margin improves from -8.68%.
- Whether footwear growth remains above the 38% reported for Q1FY27.
- Whether online sales growth sustains the 15% year-on-year pace.