Indian Terrain Fashions Ltd. reduced its loss for the third quarter that ended in December 2024 from US $ 0. 48 million to US $ 0.36 million.
Compared to the same quarter of the previous fiscal year, when the company’s revenue was Rs. 109 crore (US $ 13.1 million), it decreased by 11 per cent to Rs. 97 crore (US $ 11.7 million) for the current quarter.
By closing its underperforming locations, Indian Terrain decreased the number of its outlets from 234 in June to 208 by December 2024.
Charath Narsimhan, the managing director and CEO of Indian Terrain, commented on the Q3 results, stating that the third quarter of FY ’25 involved a combination of challenges and strategic adjustments, with a focus on profitability rather than revenue growth. He explained that the revenue decline was primarily due to a deliberate decision to scale back exposure to the e-commerce channel, which was affected by lower realisations and higher costs.
Menswear company Indian Terrain sells its products nationwide through 208 exclusive stores, multi-brand stores, big-box retailers, and online marketplaces.
