Monte Carlo Fashions, one of the leading apparel brands, is geared up for expansion into the home textile segment. The Ludhiana-based brand targets ambitious revenue of Rs. 250-300 c from its home textile segment by FY ’25. Once the company’s plant in Jammu and Kashmir (Kathua) becomes operational as a part of its expansion plan, the company will achieve this revenue.
Sandeep Jain, ED of the company, said that the home textile expansion should be operational from Q1 of FY ’25. He believes that home textile segment is growing faster than the rest of the business and it will continue with its growth momentum.
Blankets, bedsheets and towels are the major products of the company in home furnishing range. The company is getting good response from online sales also which has been growing in line with offline sales. As of now, the company has nearly 86 per cent of its revenue from garment business.
Monte Carlo Fashions Ltd., was launched in 1984 by Oswal Woolen Mills Ltd., the flagship company of Nahar Group.
