Indian Terrain Fashions to open multiple new outlets
21 May 2022, Mumbai:
Seeing the huge potential for growth post the COVID-19 pandemic, Indian Terrain Fashions plans to open around 150 new outlets across India to fuel its growth.
Indian Terrain, which opened its first retail outlet in the year 2000, currently retails from over 700 multi-brand outlets, 130 large format stores, and 98 exclusive-brand outlets.
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It also sells on all leading e-commerce websites.
For its fourth quarter ended March 31, 2022, Indian Terrain Fashions posted a net profit of Rs 6 crore ($772,093) against a net profit of Rs 27 crore posted in the year-ago period.
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The company’s revenue for the quarter rose to Rs 110 crore, as against the Rs 93 crore it posted in the corresponding period of the previous fiscal year.
For the financial year 2021-22, Indian Terrain managed to narrow its loss to Rs 2 crore, as compared to last year’s Rs 31 crore while its revenue increased to Rs 344 crore as compared to the previous fiscal’s Rs 225 crore.
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