In an interview to CNBC-TV18, Sandeep Jain, Executive Director of Monte Carlo Fashions discussed more on their Q2 performance.
Q1 was down because of goods and services tax (GST). Now the GST effect is over, the retailers are coming up and the consumers have also started to buy. So going forward, we still maintain our guidance of 15 percent year-on-year (Y-o-Y) growth and we are confident of achieving this, he said.
We have given guidance of around Rs 670 crore for this financial year, he added.
Expect 4-5 percent of sales from southern market and 3-4 percent would come from the western markets and balance 90 percent of sales would come from the northern and eastern markets, said Jain.For full interview, watch accompanying video...