| Metric | Value (₹ Cr) | Q4 FY26 | Q1 FY26 |
|---|---|---|---|
| Revenue | 81.74 | 23.3% | 18.8% |
| Total Income | 83.23 | 22.8% | 18.8% |
| Expenditure | 83.09 | 20.3% | 9.2% |
| PBT | 0.14 | 96.0% | 102.3% |
| Net Profit | -0.83 | 7.8% | 86.6% |
| OPM | 7.44% | 2.70pp | 5.97pp |
| NPM | -1.00% | 0.16pp | 7.84pp |
| EPS | 0.16 | 11.1% | 86.9% |
Revenue grew a healthy 18.8% YoY with OPM expanding sharply (1.5%→7.4%), but the company remained in a net loss (-0.83cr) rather than turning around, capping the rating per sector norms for apparel/textiles.
Indian Terrain Fashions Q1 FY'27 Revenue Up 18.8% to ₹81.74 Cr
01 Aug 2026 · 1 Aug, 9:30 pm
Summary
Indian Terrain Fashions Limited commenced FY'27 with strong performance, reporting Revenue from Operations of ₹81.74 Crore, marking an 18.8% year-on-year growth. The company demonstrated significant profitability improvements, with Gross Margin expanding by 193 basis points to 41.0% and EBITDA surging by 233.5% to ₹7.57 Crore. A notable achievement was the turnaround in Profit Before Tax, which became positive at ₹0.14 Crore in Q1 FY'27, compared to a loss in the previous year. Management highlighted disciplined execution across merchandising, channel management, and cost optimization as key drivers for these improvements, emphasizing a continued focus on profitable growth and shareholder value.
Key Highlights
- 1
Indian Terrain Fashions Limited reported Revenue from Operations at ₹81.74 Crore for Q1 FY'27, an increase of 18.8% year-on-year.
- 2
Gross Margin expanded by 193 basis points to 41.0% in Q1 FY'27, up from 39.0% in the prior year period.
- 3
EBITDA for Q1 FY'27 rose significantly by 233.5% to ₹7.57 Crore compared to ₹2.27 Crore in Q1 FY'26.
- 4
Profit Before Tax turned positive at ₹0.14 Crore in Q1 FY'27, a substantial turnaround from a loss of ₹6.04 Crore in Q1 FY'26.
- 5
Revenue growth in Q1 FY'27 was driven by strong performance across Exclusive Retail, Large Format Outlets, and Online channels.
- 6
Gross Working Capital Days improved to 294 days in Q1 FY'27 from 327 days in the corresponding quarter of the previous year.
Management Comments
Charath Ram Narsimhan
The first quarter of FY'27 marks another encouraging milestone in our journey towards sustainable and profitable growth. Despite a measured consumer spending environment, we delivered healthy revenue growth while significantly improving our profitability through disciplined execution across merchandising, channel management and cost optimisation. We continued to strengthen our omni-channel presence through improved performance across Exclusive Retail, Large Format Outlets and Online channels, while maintaining focus on inventory optimisation, receivables management and operational excellence. These initiatives resulted in meaningful improvements in gross margins, operating profitability and a return to positive Profit Before Tax during the quarter. Looking ahead, we remain focused on strengthening our product portfolio, enhancing customer engagement, improving channel productivity and maintaining financial discipline. With a strong brand, an agile business model and a diversified distribution network, we are well positioned to drive sustainable profitable growth and create long- term value for our shareholders.
Informational and educational content only. Not investment advice.