With a net profit of Rs. 31 crore (US $ 3.62 million) in FY '24, the company turned a profit after launching Myntra Global to cater to the Indian diaspora. Alongside competitors Zepto and Newme, it is also vying for the rapid delivery sector.
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Rising economic pressures are reshaping India’s wedding fashion market, with guests and extended families spending more cautiously. Brands are shifting focus toward core segments and value-driven styles to stay relevant amid changing consumer behavior.
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NITI Aayog proposes a working capital financing program based on firm turnover, a Rs 5-crore credit card facility at market rates, and expedited finance disbursement procedures via retail banks, all regulated by the Ministry of MSME.
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Monte Carlo Fashions' profit for the fiscal year ended March 2025 increased 35.4 per cent to Rs. 81.17 crore (US $ 9.49 million), up from Rs. 59.94 crore (US $ 7.01 million) the previous year.
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ARKS, Ranbir Kapoor’s lifestyle brand, blends digital reach with retail expansion to redefine premium fashion. It’s swiftly gaining ground in India’s evolving lifestyle market.
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Wrogn, Bewakoof, The Indian Garage Co., and Nobero—all digital-first fashion and lifestyle brands—will open new physical stores as part of the program.
