Indian Terrain Fashions Ltd posts Q4 net profit at Rs 6 crore

By

Maverick Martins

Published
May 19, 2022

Indian Terrain Fashions Ltd posted net profit of Rs 6 crore ($772,093) for the fourth quarter ended March 2022, as against net profit of Rs 27 crore it posted in the year-ago period.

The company’s revenue for the quarter rose to Rs 110 crore, as against 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 previous fiscal’s Rs 225 crore.

The company sees huge potential for growth post the Covid-19 pandemic and 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. It also sells on all leading e-commerce websites.