Indian Terrain Q1 FY27: Margin-led turnaround as online scales and working capital tightens
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Frequently Asked Questions
Revenue from operations was 81.74 crore, up 18.8% year on year (Q1 FY’26: 68.78 crore).
EBITDA was 7.57 crore (9.26% margin) versus 2.27 crore (3.30%) in Q1 FY’26. Profit before tax was 0.14 crore versus a loss of (6.04) crore. PAT was a loss of (0.83) crore versus (6.20) crore.
Online, Large Format Outlets and Exclusive Retail led growth. Online revenue rose to 10.76 crore from 0.89 crore, and LFO revenue grew to 14.73 crore from 10.98 crore.
Online share increased to 13% from 1% YoY, LFO share rose to 18% from 16%, while MBO share reduced to 16% from 23% and Retail (EBO+EFO) reduced to 50% from 55%.
On a rolling 12-month basis, inventory days improved to 65 from 81 and receivable days to 229 from 246. Gross working capital days reduced to 294 from 327.
Management stated SS’27 roadshow order bookings were up 15–20% and that MBO expansion added 40 new customers, improving forward visibility.
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