Thomas Scott (India) Limited conducted a Q1 FY 2026-27 Earnings Conference Call on Monday, August 17, 2026, hosted by Valorem Advisors. The call was moderated by Ms. Purvangi Jain from Valorem Advisors, who represented the company's investor relations.

The primary management participant was Mr. Vedant Bang, Managing Director, who heads the e-commerce division of the company. He provided comprehensive opening remarks and addressed all questions during the Q&A session.

The purpose of the event was to discuss the company's operational and financial performance for the 1st Quarter of Financial Year 2027. The transcript of the earnings conference call was made available on the company's website at https://www.thomasscott.org/investor-relations.htm.

The company included a standard cautionary statement about forward-looking statements being subject to risks and uncertainties that could cause actual results to differ from anticipated outcomes.

Financial Performance Highlights:

  • Revenue from operations: INR 66 crores (22% YoY growth)
  • EBITDA: INR 9 crores (43% YoY growth)
  • EBITDA margins: 13.07%
  • Profit after tax: ~INR 5 crores (54% YoY growth)
  • PAT margins: 8.21%

Business Vertical Performance:

  • Thomas Scott (own brand): ~INR 25 crores (34% YoY growth)
  • Licensed and other brands: INR 38 crores (14% YoY growth)
  • Contract manufacturing: INR 4 crores (33% YoY growth)

Operational Highlights:

  • The company experienced subdued price elasticity to demand during the quarter, reflecting cautious consumer sentiment against the challenging global macroeconomic backdrop
  • Strategy focused on protecting realizations rather than pursuing volume through aggressive discounting
  • Women's wear continued to scale well and emerged as an important growth pillar
  • Wholesale/B2B2C sales through marketplace aggregators now account for approximately 40% of Thomas Scott brand revenue
  • The company operates 15+ brands and 35,800+ SKUs across multiple channels including Myntra, Amazon, own website, and offline stores

Future Outlook:

  • Recently executed brand license agreement for Dockers expected to contribute meaningfully in coming quarters
  • Women's wear segment expected to grow 2-3x current revenue in about a year
  • Target to maintain same growth rates demonstrated over last few years
  • Focus on maintaining healthy margins while pursuing growth opportunities

Additional Notes Section

The document included the complete transcript of the earnings conference call with detailed Q&A session covering various aspects of the business including working capital requirements, finance costs, capacity utilization, and growth strategies.