| Metric | Value (₹ Cr) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 101.40 | 0.4% | 4.7% |
| Total Income | 102.18 | 0.3% | 4.5% |
| Expenditure | 97.54 | 3.1% | 4.0% |
| PBT | 4.06 | 253.0% | 205.4% |
| Net Profit | 2.56 | 773.7% | 174.4% |
| OPM | 11.23% | 2.80pp | 26.25pp |
| NPM | 2.51% | 2.88pp | 6.03pp |
| EPS | 0.51 | 537.5% | 168.0% |
Indian Terrain Fashions Returns to Profitability in Q3 FY’26 with 4.66% Revenue Growth
05 Feb 2026 · 5 Feb, 1:34 pm
Summary
Indian Terrain Fashions Limited, a leading brand in the mid-premium men’s casualwear segment, announced its financial results for the quarter ended December 31, 2025. The company marked a clear progression in its turnaround journey with sustained operating momentum and a return to profitability.
Key Highlights
- 1
Revenue from Operations stood at 101.40 Cr, sustaining the strong momentum built in the previous quarter.
- 2
Profit Before Tax (PBT) improved to 4.06 Cr, compared to a loss in the corresponding quarter last year.
- 3
Profit After Tax (PAT) turned positive at 2.56 Cr, marking a significant turnaround after multiple quarters of losses.
- 4
Gross margins expanded sequentially, reflecting better product mix, disciplined discounting, and improved sourcing efficiency.
- 5
The Company continued to build on the stabilisation achieved in earlier quarters and the rebound witnessed in Q2, transitioning into a phase of accelerated execution in Q3.
- 6
Sustained operating momentum: Stable revenues during the quarter reflect consistent demand, supported by festive consumption and improved sell-through across channels.
- 7
Margin and profitability improvement: Structural improvements in gross margins and disciplined cost control have strengthened operating performance and earnings quality.
- 8
Working capital efficiency: Continued TOC-led initiatives resulted in improved working capital metrics, including reductions in gross working capital, net working capital, and debtor days, enhancing cash conversion and liquidity.
- 9
Channel optimisation: The Company maintained focus on higher-margin, scalable channels, with stronger traction in MBO and a more profitable recalibrated online model, while continuing to rationalise lower- return formats.
- 10
Retail network optimisation: Selective store closures and new store additions in high-potential locations were undertaken to improve overall network productivity and profitability.
- 11
The organised apparel market continued to witness steady recovery during the quarter, supported by festive demand, improving consumer sentiment, easing inflationary pressures, and GST-led affordability.
- 12
Ongoing premiumisation trends and increasing preference for organised mid-premium brands remain favourable for Indian Terrain’s core positioning.
Management Comments
Mr. Charath Narsimhan
Q3 marks a clear turning point in Indian Terrain’s journey, with a return to profitability and stronger operating momentum. The quarter reflects stable revenues, margin expansion, and improved earnings quality, demonstrating the impact of sustained execution and disciplined decision-making.
Informational and educational content only. Not investment advice.