Sweaters are essential in the cold months in many places and even in warmer climates as sweaters are considered very stylish. There are many top sweater brands. One that stands out is Monte Carlo Sweaters. On a personal note, I love them. Therefore, in this blog, I will tell you why I believe a Monte Carlo sweater should be essential in your closet this year and for many more to come.
1) Monte Carlo Sweaters is a top brand worldwide.
Monte Carlo also known as Monte Carlo Fashions Limited was founded in 1984 by Oswal Woollen Mills Limited. Monte Carlo is owned by the Nahar Group, a company based in Ludhiana, Punjab.
The company is well known for high-quality low-price merchandise for both men and women. I love their products and couldn’t recommend them more highly.
2) MONTE CARLO SWEATERS: INDIA’s FIRST ORGANISED LIFESTYLE APPAREL BRAND
Launched in 1984, Oswal Woollen Mills Ltd has become one of the leading winter wear brands in the world. The company has been recognized as a “Superbrand” in the category of woolen knitted apparel for each edition of Consumer Superbrands India.
We have a strong presence across India through a combination of EBOs, MBOs, Shop-in-Shop distributors, national chain stores, and online sales channels. The company is located in 20 states and three union territories.
The design team consists of over 30 professionals who follow closely the trends in global fashion on a daily basis.
As a result, the brand was successfully diversified across various segments such as Woollen, Cotton, Kids, Home Furnishings, and Healthcare.
3) STRONG BRAND EQUITY
❖ There is strong brand equity attached to the name “Monte Carlo”
❖ In addition to enjoying pricing power and customer loyalty, Monte Carlo is a premium brand.
❖ Marketing initiatives and brand building are regularly invested in
4) REGULAR TECHNOLOGY UPGRADATION
At the existing Ludhiana manufacturing facility, a state-of-the-art automatic whole-garment manufacturing facility has been installed to meet the standards of technology upgrading and modernization.
• This knit technology offers seam-free comfort and fits unmatched by other knitwear. This helps eliminate multiple manufacturing processes, thereby reducing waste and increasing efficiency.
5) GROWTH STRATEGY
PRODUCT MIX MOVING TOWARD COTTON share maintained over 59.11% of total FY20 revenue reflecting a shift towards Cotton from the Woollen segment. The textile and kids segment delivered robust growth, contributing higher revenue to the overall business
FOCUS ON RETURN RATIOS EXPANSION
• Sales through the SIS Model
• Focus on Online Sales through our own portal
• Own Portal sales in Q2 FY2 increased by 113 Mn from 120 Mn in QFY20.
• Capex of Rs ~Rs100-150mn for FY20-21 primarily for de-bottlenecking and modernization of existing facilities
• With no major capital expenditures, the company can sustain robust growth; its Return Ratios are set to rise
It is possible that the following presentation and discussion contain “forward-looking statements” that Monte Carlo Fashions Ltd (“MCFL” or the Company) does not consider to be historically accurate. This information is based on MCFL’s beliefs, assumptions, expectations, estimates, and projections about the business, industry, and markets in which MCFL operates. It also includes information relating to upcoming results of operations, financial conditions, business prospects, plans, and objectives.
These statements are not guarantees of future performance. Due to risks, uncertainties, and other factors, some of which are beyond MCFL’s control and difficult to predict, actual results, performance, or achievements may differ materially from those described in the forward-looking statements. Such statements are not, and should not be construed, as a representation of the future performance or achievements of MCFL. In particular, such statements should not be regarded as a projection of the future performance of MCFL. As a result, it is important to keep in mind that MCFL may actually perform differently from what it claims or achieves.
Photo Credit Monte Carlo
Bt Aakash Patel
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