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Published
May 21, 2021
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Indian Terrain Fashions Ltd posts Q4 net profit of Rs 27 crore

Published
May 21, 2021

Menswear brand Indian Terrain Fashions Ltd reported a significant rise in its net profit at Rs 27 crore ($3.8 million) for the fourth quarter ended March 31, as against a net loss of Rs 19 crore it reported in the year-ago period.
 

Indian Terrain Fashions Ltd posts Q4 net profit of Rs 27 crore - Indian Terrain


The company’s sales revenue for the quarter rose by 18 percent to Rs 92 crore, as against Rs 78 crore it had posted in the corresponding period last fiscal year.
 
For the full financial year 2020-21, the company reported a net loss of Rs 31 crore as against a net loss of Rs 10 crore last year, while its sales revenue for the year declined by 42 percent to Rs 213 crore as against Rs 370 crore last year.

The company had been expanding aggressively prior to the Covid-19 pandemic and had plans to open around 150 new outlets across India.
 
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.

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