19 August 2023, Mumbai
Chennai-based clothing manufacturer, Indian Terrain Fashions Ltd, encountered a net loss of Rs 3 crore ($360,271) in Q2 ending June 30, diverging from the Rs 2 crore net profit during the same quarter last year.
The company's revenue displayed a 7% decrease, totaling Rs 92 crore compared to Rs 99 crore in the previous fiscal period.
Strategic focus and confidence in prospects
There are plans to bolster retail-driven revenue and extend the company's presence in tier 2 and 3 towns and have confidence in the business's long-term growth and profitability potential.
Diverse retail presence
Indian Terrain presently operates through 236 exclusive outlets, 1,340 multi-brand outlets, 600 large-format stores, and prominent e-commerce platforms. The company's diverse retail network contributes to its market resilience.
