Indian Terrain Fashions Limited — Updates, 12-02-2025: Press Release

**Financial Highlights:**

Indian Terrain Fashions Limited reported revenue from operations of ₹96.9 crore for Q3 FY’25, an 11.3% decline YoY from ₹109.2 crore in Q3 FY’24. Total income decreased to ₹97.8 crore, while EBITDA improved slightly to ₹5.9 crore, yielding a margin of 6.1%. PAT stood at -₹3.4 crore, reflecting a marginal improvement from -₹3.9 crore in the same period last year.

**Strategic Initiatives and Growth Drivers:**

The company has strategically reduced its e-commerce exposure, optimizing profit margins amid lower realizations and tackling the challenge of soft retail footfalls during the festive season. Store optimization measures led to a decrease in total store count from 234 to 208 by December 2024.

**Business Developments:**

Plans for a new website aim to enhance online shopping experiences, targeting a wider consumer base, while a curated product lineup is in place for a robust upcoming order book.

**Market Position and Competitive Advantage:**

Despite challenges, Indian Terrain's strong brand in the mid-premium segment positions it for recovery. Effective cost management and improving retail demand signal resilience.

**Investor Implications:**

The company's focus on driving profitability while optimizing operation aligns with long-term growth strategies. A positive outlook for Q4 is anticipated, driven by increasing retail momentum and strategic initiatives set to strengthen market presence moving forward.