Amidst a falling growth over the previous quarter, Indian Terrain Fashions Limited, the menswear fashion apparel brand has reported a loss of INR 6.04 Cr for Q1 FY 25-26. During this period, the company reported flat sales growth over the same period last year at INR 68.78 Cr.
On a linear basis, Indian Terrain reported a whopping 30% drop in sales for the previous quarter over Q4 FY 24-25.
During the last quarter of the previous financial year, the company reported revenue from operations to the tune of INR 89.53 Cr.
Net loss doubled during the two periods over 6 months – which stood at INR 3.84 Cr for the Jan. ‘25 – Mar. ‘25 period, whereas it was INR 6.04 Cr for the period Apr. ‘25 – Jun. ‘25.
Net expenses for this period dropped 24%, however, COGS for the same period dropped 21%. At the outset, it appears that the fall in sales was the key reason for the doubling of losses, with most other expenses remaining proportionate.
Editor’s Note
Indian Terrain has been going through a rough patch for the past few years, thanks to a low take off of sales and continued flucuation in profits. Drop in revenues are due to various reasons according to Industry sources & former employees.
The company operates over 236 stores across India, of which 125 are Franchisee Owned and Franchisee Operated (FoFo). The company directly operated only 12 Exclusive Brand Outlets (EBOs) but 26 Factory Outlets to dilute its stocks at discounted prices, according to its AGM Report for FY 23-24.
The company is yet to file its annual report for FY 24-25.
During FY 23-24, Indian Terrain reported INR 453 Cr., a drop in revenue of 8.94% over the previous year (INR 500.80) Cr.
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