Indian Terrain Fashions Limited · NSE:INDTERRAIN
Indian Terrain Fashions — Q2 FY2026 Earnings Presentation
29 slides from Indian Terrain Fashions's earnings presentation, Nov 11, 2025
Slide 1: Stock exchange filing letter for investor presentation
ITFL/SEC/2025-26/NOV/05 11th November 2025 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1, Dalal Street, G Block, Bandra-Kurla Complex, Mumbai – 400 001 Bandra (East), Mumbai- 400 051 Scrip Code – 533329 NSE Symbol: INDTERRAIN
Slide 2: Investor Update – Q2 FY'26
INDIAN TERRAIN FASHIONS LTD INVESTOR UPDATE – Q2 FY’26
Slide 3: Safe Harbor
SafeHarbor The information contained in this presentation is only current as of its date. Please note that the past performance of the company is not and should not be considered as, indicative of future results. This presentation may contain certain statements of future expectations and other forwa
Slide 4: MD's Comments
INDIAN TERRAIN FASHIONS LIMITED MD’s Comments Commenting on the Q2 FY’26 results, Mr. Charath Narsimhan, MD & CEO of Indian Terrain, said: ─ The second quarter has been a period of clear recovery and renewed momentum for Indian Terrain. Our focused execution delivered strong sequential revenue growt
Slide 5: Agenda
Agenda ▪ Market Update ▪ Business update – Q2 FY’26 ▪ Channel wise Performance – Q2 & H1 FY’26 ▪ Performance Highlights & Financials – Q2 FY’26 ▪ Outlook
Slide 6: Market Update
MARKET UPDATE ▪ Stable Demand & Festive Boost – Market witnessed a steady recovery in Q2, supported by festive season demand, GST reforms, easing of inflationary pressure & improving consumer sentiments. ▪ Premiumization and Brand expansion – Brands accelerating premiumisation strategies, launching
Slide 7: Business Update – Q2
BUSINESS UPDATE – Q2 ₹100.9 Crs Revenue from Operations • Strong revenue rebound: Net revenues grew 17.6% YoY to ₹100.96 Crs, supported by improved primary sales, stronger festive momentum, and better sell-through across channels. ₹40.7 Crs • Margin expansion: Gross Margin improved to 40.3% (vs 37.4
Slide 8: Key Focus Areas of the Company
KEY FOCUS AREAS OF THE COMPANY Areas Objectives Continue to improve Prioritize high-margin, sustainable 01 quality of Revenue revenue channels 02 Improve profitability Delve into every store / format and for each Channel ensure each unit is profitable Improve brand Continue to Invest in brand and 03
Slide 9: Reinvented Brand Architecture
REINVENTED BRAND ARCHITECTURE SMART CASUAL TERRAIN JEANS CONSTRUCTED TERRATHLETE For everyday work and play Youth Casuals Premium occasion wear Performance inspired for everyday lifestyle Our brand architecture has been refreshed to encompass four strong sub labels that have contemporary clothing to
Slide 10: Our Recent Campaigns
Our Recent Campaigns ? INDIAN TERRAIN hich colour is falling you? Introducing * the Cordu roy Polo Kunal Kapoor brings effortless... INDIAN TERRAIN Checked Shirts & Khakis
Slide 11: Exclusive Stores: Store Formats
Exclusive Stores: Store Formats Closing as on 30th Sep’25 COCO (Company Owned Company Operated) 15 Q2 FY’26 COFO (Company Owned Franchise Operated) 52 FOFO (Franchise Owned Franchise Operated) 105 EFO (Exclusive Factory Outlet) 26 Out of India 1 Total 199 Opening as Closing as on Region Additions Cl
Slide 12: New Concept Stores
New Concept Stores - Evolved Design. Elevated Experience. Enduring Legacy. The new concept stores are designed to deliver an elevated customer experience, offering immersive brand storytelling and refined presentation of our seasonal collections. New Concept Stores recently opened at – Sarath City M
Slide 13: Financial Performance Highlights Q2 FY'26
FINANCIAL PERFORMANCE HIGHLIGHTS Q2 FY’26
Slide 14: Q2 Revenue, Gross Margin, EBITDA and PBT
Rev from Operations – Q2 Gross Margin – Q2 100.96 40.27% 85.83 37.40% A M E K T Q2 FY'26 Q2 FY'25 Q2 FY'26 Q2 FY'25 E R Y I 8.43% EBITDA – Q2 PBT – Q2 1.14% C S -4.41% -14.47% Q2 FY'26 Q2 FY'25 Q2 FY'26 Q2 FY'25
Slide 15: Channel wise Revenue Split
Channel wise Revenue Split – QOQ Channel wise Revenue – Q2 FY’26 Channel wise Revenue – Q2 FY’25 5% 5% 15% 8% 39% Retail Retail LFO LFO 47% MBO 24% MBO Online Online Others Others 34% 7% 16%
Slide 16: Financial Results – Q2 & H1 FY'26
Financial Results – Q2 & H1 FY’26 Quarter Ended Half Year Ended Year Ended Particulars (Rs. In Crs) Sep'25 Jun'25 Sep'24 Sep'25 Sep'24 Mar'25 Net Revenues 100.96 68.78 85.83 169.74 154.19 340.60 Product Cost 60.30 41.93 53.73 102.23 102.97 211.97 Gross Margin 40.66 26.85 32.10 67.51 51.22 128.63 GM
Slide 17: Financial Performance: Standalone Profit & Loss
Financial Performance Standalone Profit& Loss Q2 FY’26 Q2 FY’25 YoY Change H2 FY’26 H1 FY’25 YoY Change (₹ in Crs) Incomefrom Operations 100.96 85.83 17.63% 169.74 154.19 10.09% OtherIncome 0.88 1.58 2.14 2.61 TotalIncome 101.84 87.41 171.89 156.80 Operating Expenses 92.45 89.61 160.21 169.46 EBITDA
Slide 18: Financial Performance: Standalone Balance Sheet
Financial Performance Standalone Balance Sep’25 Mar’25 Sep’24 Sheet (₹ in Crs) Share Capital 10.1 9.1 8.9 Reserves And Surplus 172.4 175.5 150.8 Non-Current Liabilities 40.2 46.7 57.9 Current Liabilities 216.5 212.9 247.1 Total Equity & Liabilities 439.2 444.2 464.7 Non-Current Assets 67.5 77.1 84.7
Slide 19: Working Capital Movement
Working Capital Movement ₹. In Crs Sep’25 Jun’25 Mar’25 Sep’24 • Stable working capital base: Net Receivables 241 230 237 232 Working Capital stood at ₹232 cr, broadly Inventory 77 76 71 100 in line with previous quarters, reflecting Gross Working Capital 318 306 307 332 consistent financial discipl
Slide 20: New Season Corduroy Shirts and T-Shirts
SHIRTS T-SHIRTS NEW SEASON CORDUROY Designed for Distinction Woven from a lightweight GSM cotton base, fine, subtle corduroy- texture. This premium construction ensures the structured look that defines modern style. SHOP CORDUORY
Slide 21: Signature Denim
Kinal Kapoor Discover signature denim Sharpen your style with unmatched quality and craftsmanship. SHOP DENIM
Slide 22: Shareholding Pattern
Shareholding Pattern Share Information (as on September 30 th 2025) 46.14% 31.55% Public Promoters NSE Ticker INDTERRAIN BSE Ticker 533329 ISIN Number INE611L01021 Market Cap (₹ Crores) ₹ 166 Crs Shares Outstanding 5,06,67,367 17.19% 5.12% Industry Fashion - Retail Corporate Bodies FIIs and FPIs
Slide 23: E-Com Partners and Exclusive Doors
5+ E Com 199 Partners Exclusive Doors 250+ Cities of Different Formats 700+ Doors under Multi Branded Outlets 200+ Counter under Large Format Outlets
Slide 24: Comprehensive range of products curated for the modern men
Comprehensive range of products curated for the modern men Stylish but anonymous Comfortable yet casual Uncompromising Quality Contemporary & appealing 04 03 02 01
Slide 25: Capital Light Model, In-House Designing, Wide Distribution
“ At Indian Terrain, we love Capital Light In House Wide spending every Model Designing Team Distribution day in creating Network clothing of elegant style and remarkable comfort that Outsourcing for Focussed the Final Output Seasoned Team Branding “ & Advt.
Slide 26: Purpose-Led Brand with a Technology-Driven Business Model
Indian Terrain – Purpose-Led Brand with a Distinctive, Technology-Driven Business Model “Defining Modern Indian Menswear with Purpose, Precision & Partnership” A Brand for the • Crafted for the evolved Indian man — blending comfort, design, and individuality. Contemporary • Homegrown roots with glob
Slide 27: Our Journey
Our Journey • Did QIP for further growth. • Started unwinding Indian Terrain demerged • Launched Boys segment and departmental stores and Launched Indian Terrain introduced the brand targeting Tier 2,3, and 4 cities from Celebrity as a with 1 flagship store in “Indian Terrain BOY” to through retail
Slide 28: Key Personnel
F P E R K S E O Y N N Charath Ram Narsimhan E Venkatesh Rajagopal Chairman & Executive Director Managing Director & CEO L Founder with 25+ years of Holds Bachelor Degree from IIT and PGDBM (Finance) from IIM- experience in the Apparel Industry Lucknow. Have over 2 decades of experience in garment in
Slide 29: Thank You
THANK Communication Address: Indian Terrain Fashions Limited Survey No. 549/2 & 232, Plot No.4 Indian Terrain Fashions Limited Mr. Sheikh Sahenawaz/ Mr. Sainath S YOU CFO/ Company Secretary & Compliance Officer Thirukkachiyur & Sengundram Industrial Area E: response.itfl@indianterrain.com Singaperum
Indian Terrain Fashions — Q2 FY2026 Earnings Presentation on 6ix