November has been good month so far for Monte Carlo Fashions, the company’s ED Sandeep Jain said in an interview to CNBC-TV18.
“We grew 20 percent in November over last year for winter sales,” he added. Winter sales are important because they account for nearly 60-65 percent of the revenues.
On margins, Jain said, “Margins on winter and summer clothes are almost equal, but winter revenue is 65 percent and that contributes significant revenue to the total turnover.”
According to him, working capital cycle peaks in September and comes down in January-February.
For entire interview, watch video