Indian Terrain Fashions Limited has informed the Exchange on the Chairman's Speech at Annual General Meeting held on September 29, 2025
INDTERRAIN · price
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Indian Terrain Fashions held its 16th AGM on September 29, 2025, where Chairman Venkatesh Rajagopal outlined the company's turnaround strategy and forward targets. Management acknowledged that the recent revenue decline was a deliberate move to exit non-profitable stores and restructure operations, supply chain, and inventory under their 'Theory of Constraints' approach. The company now reports five revenue channels, all profitable and scaling up, and has guided a target to return to peak revenue of Rs 500 crore by FY 2027 with materially better profitability. Exclusive retail presence is planned to expand back to 225 stores over the next 2-3 years, supported by e-commerce and deeper distribution. The brand is also pivoting toward niche, high-margin product segments, with actor Kunal Kapoor onboarded as brand endorser.
Shareholders get a clearer turnaround roadmap with quantified revenue (Rs 500 Cr by FY27) and store expansion (225 stores in 2-3 years) targets. The pivot from scale-at-any-cost to profitability and high-margin niches is structurally positive, but the stock's re-rating hinges on visible execution of this plan over the next few quarters.