Monte Carlo Fas. Q1 FY27 Results (NSE: MONTECARLO)
Signal: Loss widened
The read
Q1FY27 revenue grew 7.6% YoY but gross margin compression of 460bps to 49.2% drove deeper operating and net loss of ₹23.4 Cr vs ₹16.2 Cr last year; seasonal trough combined with input cost pressure is a structural concern for margin recovery in coming quarters.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹149.04 Cr | 7.6% | -46.8% |
| EBIT | ₹-19.41 Cr | N/A | |
| Net profit | ₹-23.42 Cr | -44.4% | |
| EPS | ₹-11.3 | -44.5% | |
| EBIT margin | -13.0% |
P&L walk
Revenue grew 7.6% YoY but gross margin compressed 460bps to 49.2% (raw material cost rose to 50.8% of revenue from 46.2%), causing EBITDA and PAT losses to widen.
Key positives
- Revenue grew 7.6% YoY in the seasonally weakest quarter.
- A&P spend reduced 34.9% YoY, reflecting cost discipline during off-peak period.
- No exceptional items or other income distortion (earnings_quality clean).
Key concerns
- Gross margin compressed 460bps YoY to 49.2%, with raw material cost rising to 50.8% of revenue from 46.2%.
- Net loss widened to ₹23.42 Cr from ₹16.22 Cr, a 44.4% deeper loss.
- Employee cost grew 14.5% YoY, outpacing revenue growth of 7.6%.
Research and educational content only. Not investment advice.