INDTERRAIN

Indian Terrain Fashions financials

Market cap
₹146 Cr
Sector
Textiles

What Indian Terrain Fashions Limited does

Indian Terrain Fashions designs and markets branded men's (and boys') apparel under the "Indian Terrain" brand, sold through a mix of exclusive company/franchise stores (COCO/COFO/FOFO), factory outlets (EFO), large-format retail outlets (LFO), multi-brand outlet (MBO) distributors, and its own e-commerce/marketplace channels. The company follows an asset-light manufacturing model, using tech-enabled sourcing and a centralised warehouse in Chennai rather than owning production plants. Its product range spans shirts, trousers, denim, T-shirts and jackets sold under four brand architectures plus a dedicated boys'-wear label.

Segments

  • Menswear apparel
  • Boys' apparel
Total exclusive stores
181 (COCO 14, COFO 46, FOFO 96, EFO 24, 1 international) as of Mar'26
MBO (multi-brand outlet) doors
730+
LFO (large-format outlet) counters
185+
Cities covered across India
250+
E-commerce partners
6+
International presence
1 store outside India
Founded 2000Headquarters Chengalpattu, Tamil Nadu, India Company website

Quarterly results

Q1 FY27: revenue up 18.8%, net profit up 86.6% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue86 97 90 69 101 +18%101 +5%107 +19%82 +19%
EBITDA-4 5 3 1 9 +325%12 +139%11 +220%6 +502%
Net profit-22 -3 -2 -6 -0 +98%3 +174%-1 +59%-1 +87%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −16.2% 1Y

₹25.0₹30.0₹35.0₹40.0Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹34.43 on 10 Sept 2025 → ₹28.85. High ₹40.77 (10 Nov 2025), low ₹24.87 (30 Mar 2026).

Financials, as filed

Revenue fell 9.0% a year over 2 years, FY24 to FY26. Operating margin widened to 8.5%.

Year endingFY24FY25FY26
Revenue₹456 Cr₹341 Cr₹378 Cr
Operating profit₹30 Cr₹-7 Cr₹32 Cr
Operating margin6.6%-2.0%8.5%
Interest₹22 Cr₹21 Cr₹19 Cr
Depreciation₹22 Cr₹18 Cr₹14 Cr
Net profit₹-15 Cr₹-43 Cr₹-5 Cr
Net margin-3.3%-12.5%-1.3%
Cash from operations₹-14 Cr₹19 Cr₹19 Cr
Free cash flow₹-14 Cr₹16 Cr₹18 Cr
ROCE3.0%-5.0%9.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹8 Cr₹8 Cr₹9 Cr₹9 Cr₹10 Cr₹10 Cr
Reserves₹190 Cr₹188 Cr₹203 Cr₹188 Cr₹172 Cr₹174 Cr
Borrowings₹114 Cr₹109 Cr₹109 Cr₹143 Cr₹109 Cr₹102 Cr
Other liabilities₹153 Cr₹167 Cr₹225 Cr₹182 Cr₹148 Cr₹153 Cr
Total liabilities₹466 Cr₹473 Cr₹546 Cr₹522 Cr₹439 Cr₹439 Cr
Fixed assets₹111 Cr₹94 Cr₹73 Cr₹62 Cr₹36 Cr₹29 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Investments₹22 Cr₹19 Cr₹17 Cr₹9 Cr₹8 Cr₹8 Cr
Other assets₹333 Cr₹360 Cr₹457 Cr₹452 Cr₹395 Cr₹402 Cr
Total assets₹466 Cr₹473 Cr₹546 Cr₹522 Cr₹439 Cr₹439 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, DIIs added +0.24 pp while the public trimmed −0.18 pp. The shareholder count shrank 7% to 20,905.

Promoters
31.6%
FIIs
5.1%
DIIs
0.3%
Public
63.1%

Since Jun 2025

  • DIIs +0.24 pp
  • Public −0.18 pp
  • FIIs −0.06 pp

How it drifted, 12 quarters

Over this window the public went from 59.7% to 63.1% — +3.4 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 34.2%, FIIs 6.0%, Public 59.7%.Dec '23: Promoters 34.2%, FIIs 6.4%, Public 59.4%.Mar '24: Promoters 34.2%, FIIs 6.6%, Public 59.2%.Jun '24: Promoters 34.2%, FIIs 6.0%, Public 59.8%.Sep '24: Promoters 34.2%, FIIs 6.0%, Public 59.8%.Dec '24: Promoters 35.0%, FIIs 5.8%, Public 59.2%.Mar '25: Promoters 35.0%, FIIs 5.7%, DIIs 0.1%, Public 59.3%.Jun '25: Promoters 31.6%, FIIs 5.1%, DIIs 0.1%, Public 63.3%.Sep '25: Promoters 31.6%, FIIs 5.1%, DIIs 0.1%, Public 63.3%.Dec '25: Promoters 31.6%, FIIs 5.1%, DIIs 0.0%, Public 63.4%.Mar '26: Promoters 31.6%, FIIs 5.1%, DIIs 0.0%, Public 63.4%.Jun '26: Promoters 31.6%, FIIs 5.1%, DIIs 0.3%, Public 63.1%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Indian Terrain Fashions Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Rama Rajagopal 16.51%unchanged
Venkatesh Rajagopal 14.77%unchanged
A R Foundations Private Limited 8.11%unchanged
Manorama Gardner 4.30%unchanged
Ares Diversified FPI fund4.11%unchanged
Polaris Banyan Holding Private Limited 2.74%unchanged
Charath Ram Narsimhan 2.68%unchanged
Sankaranarayanan Sangameswaran 2.17%unchanged
Card Systems Private Limited 1.44%unchanged
Biztropolis Tradelinks Private Limited 1.16%unchanged
Manan Mayur Shah 1.13%+0.07 pp
Amitabh Suri 1.09%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Learn to analyse Indian Terrain Fashions Limited

Guides on how to read this kind of business and the numbers that matter.