Indian Terrain Fashions Q1 FY'27: Revenue up 18.8% to ₹81.74 Cr, PBT turns positive
Indian Terrain Fashions reported Q1 FY'27 revenue of ₹81.74 Cr, up 18.8% YoY. Gross margin improved to 41.0%, and EBITDA rose 233.5% to ₹7.57 Cr. The company achieved a positive Profit Before Tax of ₹0.14 Cr, compared to a loss of ₹6.04 Cr last year. Gross working capital days reduced by 33 to 294.
The positive financial results and improved operational metrics are significant for the company's performance, indicating a turnaround and potential for future growth. However, the overall market sentiment remains cautious, and the PAT is still in loss, which moderates the impact to medium.
The company reported significant year-on-year improvements in revenue, profitability (turning PBT positive), and operational efficiency (reduced working capital days), indicating a strong positive performance.
Indian Terrain Fashions Limited announced its investor presentation for the quarter ended June 30, 2026. The company reported a revenue growth of 18.8% year-on-year, reaching ₹81.74 crore. This growth was driven by improved performance across key channels, including Online, Large Format Outlets, and Exclusive Retail.
The company achieved a gross margin expansion of 193 basis points to 41.0%, leading to a significant increase in EBITDA by 233.5% to ₹7.57 crore. Profit Before Tax (PBT) turned positive at ₹0.14 crore, a substantial improvement from a loss of ₹6.04 crore in the same quarter last year. Profit After Tax (PAT) also improved, with the net loss reducing by 86.6% YoY to ₹0.83 crore.
Operational efficiency was a key focus, with gross working capital days reduced by 33 days year-on-year to 294 days. The company ended the quarter with 176 exclusive doors.
Mr. Charath Ram Narsimhan, Managing Director & CEO, commented that the results reflect continued progress against a strategy focused on profitable growth, operational discipline, and a stronger market presence. He highlighted the disciplined merchandising, channel optimization, and cost control that contributed to improved margins and profitability. The company plans to continue investing in product innovation, category expansion, and customer-centric initiatives while strengthening its omni-channel capabilities.
The market update noted a softening consumer sentiment from mid-May due to cautious discretionary spending, but an ongoing shift towards branded apparel and an industry focus on profitable growth. The outlook for the second half of FY'27 is constructive, anticipating demand to strengthen during the festive and wedding season.
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