Indian Terrain Fashions Limited · NSE:INDTERRAIN
Indian Terrain Fashions — Q1 FY24 Earnings Presentation
23 slides from Indian Terrain Fashions's earnings presentation, Aug 14, 2024
Slide 1: Indian Terrain Q1FY24 Investor Presentation
Indian Terrain Q1FY24 I N V E S T O R P R E S E N T A T I O N
Slide 2: Safe Harbor
Safe Harbor 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 forw
Slide 3: Table Of Contents
Table Of Contents Market Outlook Company at a Glance Financial Highlights Q1 FY24 Stores Additions Q1 FY24 Corporate Overview Annexure
Slide 4: Industry Market Update
M A Industry R K • Continued sluggish demand conditions through summer. E • Early EOSS this season ( started Mid-June in offline channels) which T impacted realisations. • Demand revival expected only with the festive season. U P • Continued expansion of Offline retail with newer formats and players
Slide 5: Company at a Glance
Company at a Glance Retail Network Shirts Accessories Bottom Wear 630+ Large Format Outlets Men 250+ Cities Spread Across T-shirts Outer Wear 233 Exclusive Doors Bottom Wear T-shirts 5+ E-commerce Partners Boys 1340+ Doors under Multi Branded Shirts Outer Wear Outlets
Slide 6: Financial Highlights Q1 FY24
Financial Highlights Q1 FY24
Slide 7: Q1 FY24 – Business Update
Q1 FY24 – Business Update • Overall revenues down 7% on account of lower LFL retail sales and tightening of wholesale distribution channels. • Dept Stores Channel rebound in sales. • Early onset of EOSS impacted Margins. • Retail Expansion Pivot towards South & West continued with addition of 7 stor
Slide 8: Q1 FY24 – Financial Highlights
Q1 FY24 – Financial Highlights Net Sales (Rs. in Crores) EBITDA (Rs. in Crores) PAT Rs. in Crores) -6.4% -48.5% -218.5% 98.6 2.4 92.3 13.8 7.1 -2.8 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 ❖ Q1 FY24 saw a decline in Revenue due to the demand sluggishness across the market. ❖ Lower demand led
Slide 9: Revenue Mix – Channel Distribution
Revenue Mix – Channel Distribution Revenue Mix in Q1 FY23 Revenue Mix in Q1 FY24 0.8 2.2 13.6 21.9 46 INR Rs. 98.6 108.7 Cr Cr 53 Rs. 92.3 Cr 31.3 22.1 Retail Wholesale ONL OTHERS Retail Wholesale ONL OTHERS ▪ Reduction in the overall demand and market impacted the wholesale business ▪ Early start o
Slide 10: Financial Performance
Financial Performance Standalone Profit & Loss (INR cr) Q1FY24 Q1FY23 YoY Change Q4FY23 QoQ Change Income from Operations 92.3 98.6 -6.44% 125.9 -26.72% Other Income 0.7 0.5 50.75% 1.5 -55.37% Total Income 93.0 99.1 -6.18% 127.5 -27.06% Operating Expenses 85.9 85.3 0.68% 112.5 -23.69% EBITDA 7.1 13.
Slide 11: Working Capital – Constantly Improving Efficiency
Working Capital – Constantly Improving Efficiency Continued monitoring and (INR Crs.) Q1FY24 FY’23 FY’22 focus on reduction Inventory 102.4 126.6 82.7 of Inventory & Receivable days. Inventory Days 76 92 90 Receivables 239.5 257.7 223.9 Debtor Days 177 188 243 GWC 341.9 384.2 306.6 GWC Days 252 280
Slide 12: Stores Additions Q1 FY24
Stores Additions Q1 FY24
Slide 13: New store openings
New store openings Kattur, Trichy Parle Point, Surat Cantonment, Trichy Nexus, Bangalore
Slide 14: Exclusive Stores: Q1 FY24
Exclusive Stores: Q1 FY24 Store Formats Closing as on 30th Jun’23 COCO (Company Owned Company Operated) 11 COFO (Company Owned Franchise Operated) 77 FOFO (Franchise Owned Franchise Operated) 119 EFO (Exclusive Factory Outlet) 25 Out of India 1 Total 233 Opening as Closure / Closing as on Region Add
Slide 15: Corporate Overview
q INDIAN TERRAIN Corporate Overview
Slide 16: Indian Terrain Fashions Limited
Indian Terrain Fashions Limited One of India’s Leading Casualwear Companies For The Male Demographic One of India’s leading fashion brands that Contemporary and Comfortable yet caters to the needs of the cosmopolitan, upwardly-mobile young Indian male. appealing casual Products range from shirts, tr
Slide 17: Our Journey
Our Journey • Did QIP for further growth. Indian Terrain demerged • Launched Boys segment and Launched Indian Terrain introduced the brand from Celebrity as a with 1 flagship store in “Indian Terrain BOY” to separate listed Chennai with single meet the increasing demand Company. product (Casual Shir
Slide 18: Key Management Personnel
Key Management Personnel Venkatesh Rajgopal Charath Narsimhan Chairman and Executive Managing Director & Chief Director Executive Officer Founder with 25+ years of Holds Bachelor Degree from experience in the Apparel IIT and PGDBM (Finance) Industry from IIM-Lucknow. Have over 2 decades of experienc
Slide 19: Annexures
Annexures
Slide 20: Shareholding Pattern
Shareholding Pattern 49.23% 34.24% Share Information (As on June 30,2023 Public Promoters NSE Ticker INDTERRAIN BSE Ticker 533329 Market Cap (₹ Crores) 245.0 Shares Outstanding 4,42,91,685 Industry Fashion - Retail 10.46% 6.07% Corporate Bodies FIIs and FPIs
Slide 21: Historical Profit and Loss Statement
Historical Profit REVENUE FROM (INR CR) EBITDA MARGIN (IN %) and Loss Statement OPERATIONS FY23 500.8 FY23 12.2% Standalone Profit & Loss FY21 FY22 FY23 FY22 336.3 FY22 10.2% (Rs. Cr) FY21 Income from Operations 213.2 336.3 500.8 FY21 213.2 -3.4% Other Income 11.4 7.3 5.5 Total Income 224.5 343.6 50
Slide 22: Historical Balance Sheet
Historical Balance Sheet Debt-Equity Ratio (IN X) Inventory Turnover Ratio (IN X) 31st 31st 31st FY23 0.25 FY23 2.39 Standalone Balance Sheet March March March (INR Cr) 2021 2022 2023 FY22 0.25 FY22 2.32 Share Capital 8.2 8.2 8.9 FY21 0.58 FY21 1.01 Reserves And Surplus 190.3 188.3 199.2 Non-Current
Slide 23: Thank You
www.indianterrain.com Thank You Communication Address Indian Terrain Fashions Limited Indian Terrain Fashions Limited Mr. Elamugilan 208, Velachery, Tambaram Main Road, Company Secretary and Compliance Officer Narayanapuram, Pallikaranai E: response.itfl@indianterrain.com Chennai - 600 100, Tamil Na
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