In Q3 FY23 that ended in December 2023, Indian Terrain Fashions reported a net loss of Rs 4 crore ($481,729) as against a net profit of Rs 2 crore in the year-ago period.
The company’s revenues for the quarter declined by 10 per cent to Rs 109 crore, as against Rs 122 crore in the corresponding quarter of the previous fiscal year.
Charath Narsimhan, CEO & Managing Director, Indian Terrain, says, subdued demand and a soft End of Season Sale have posed several challenges before the retailer in the third quarter. The problem is compounded by the discontinuation of its Boys’ wear business. its multi-brand outlets (MBO) and large format outlets (LFO). While the company’ online channel remained robust, continuing to drive growth amidst these market headwinds.
Looking forward, Indian Terrain Fashions aims to deliver improved performance despite ongoing sluggish demand environment as the company’s strategic initiatives to improve profitability positions it adequately for future success, he adds
Moreever, Indian Terrain retails across the country through its exclusive outlets, MBOs, LFOs and leading e-commerce platforms.
Author’s Posts
-
Trent’s Q2, FY25 revenues to grow by 51% Y-o-Y to Rs 4,365 crore
07 November 2024, Mumbai
Q2, FY25 revenues of the Tata Group-owned retailer
Spencer’s Retail’s Q2, FY25 net loss widens to Rs 87 crore
07 November 2024, Mumbai
The Q2, FY25 net loss of RP-Sanjiv Goenka Group-owned,
Pernia’s Pop-up Shop to raise Rs 250 crore in pre-IPO funding round
07 November 2024, Mumbai
Designer wear retailer
Menswear brand Overlays launches new winter collection inspired by fire elements
07 November 2024, Mumbai
Men's wear clothing brand,
Label Ritu Kumar’s New Delhi Store to offer customers an immersive shopping experience
07 November 2024, Mumbai
One of India’s iconic fashion brands,
Latest News
Latest Publications
