Monte Carlo Fashions posts Rs 65 cr revenue loss in Apr-Jun due to Covid-19

Monte Carlo said the Covid-19 pandemic followed by the nation-wide lockdown impacted the dispatches leading to revenue loss

Clothing firm Monte Carlo Fashions on Saturday said it incurred a revenue loss of Rs 65 crore in the April-June quarter this year and is operating at around 80 per cent capacity due to the impact of Covid-19 and resultant lockdowns.

"In-line with government directives, we resumed our operations on April 21, 2020, complying with government's safety and security norms for Covid-19. At present, we are operating at around 80 per cent capacity and gradually ramping up the capacity," Monte Carlo Fashions Ltd said in an investors presentation.

Monte Carlo said the Covid-19 pandemic followed by the nation-wide lockdown impacted the dispatches