Indian Terrain Fashions Ltd Q3 net loss narrows to Rs 3 crore

Indian Terrain Fashions Ltd narrowed its loss to Rs 3 crore ($3,45,414) for the third quarter ended December 2023, as against Rs 4 crore in the year ago quarter.

The company’s revenue for the quarter was down by 11 percent to Rs 97 crore, as against Rs 109 crore in the corresponding quarter of the previous fiscal year.

Indian Terrain closed its underperforming stores reducing the total store count from 234 in June to 208 by December 2024.

Commenting on the Q3 results, Charath Narsimhan, managing director CEO of Indian Terrain in a statement said, “The third quarter of FY25 presented a mix of challenges and strategic recalibrations as we prioritized profitability over revenue growth. The decline in revenue was largely a result of our conscious decision to reduce exposure to the e-commerce channel due to lower realizations and higher costs.”

“Looking ahead, we are optimistic about a strong rebound in Q4, supported by a well-curated product lineup, increasing retail momentum, and continued efforts to optimize our business for long-term growth,” he added.

Indian Terrain, a menswear brand retails across the country through its 208 exclusive outlets, multi brand outlets, large format stores and e-commerce platforms.