Company Overview

Thomas Scott (India) Ltd. (BSE: 533941, NSE: THOMASCOTT) submitted its Investor Presentation for the Quarter and Financial Year ended 31st March 2026 to the stock exchanges via a letter dated 3rd June 2026, signed by Managing Director Brijgopal Bang (DIN: 00112203).

Business Model & Transformation

The company has transformed from a traditional apparel manufacturer (incorporated in 2010) into a vertically integrated tech-enabled online fashion retailer. It operates as a direct-to-customer business with in-house manufacturing facilities and a centralized, data-driven back-end for operations, design, brand management, and merchandising.

Thomas Scott has a diverse portfolio with over 29,000 SKUs across 15+ brands distributed through 9+ channels both online and offline. The company occupies a mid-premium fashion segment targeting brand-conscious middle-class consumers.

Technological Developments & AI Initiatives

The company is formalizing its technology into a robust application with enhanced user experience and Generative AI capabilities. Two components are in pilot stage:

  • thread.ai: An intelligent co-pilot for fashion and lifestyle that uses GenAI to identify trending styles and provide data-driven insights for design, pricing, and merchandising strategy.
  • catalog.ai: Revolutionizes e-commerce visuals by automating product shoots with AI models and backgrounds, streamlining editing, and managing e-commerce catalog tasks.

Manufacturing and Operations

  • Manufacturing Units: 4 facilities
  • Manufacturing Capacity: 60,000 bottoms/month, 60,000 shirts/month, 20,000 bags/month
  • Fulfillment Centers: 4 facilities with capacity of 15,000 pieces/day
  • Distribution Network: Pan-India presence with facilities in Bangalore, Solapur, and Gurgaon enabling 2-day delivery maximum, with same/next day delivery in major urban areas

Business Verticals

Own Brand - Thomas Scott (B2C)

Premium menswear fashion brand designing, manufacturing, and marketing sustainable, high-quality apparel at accessible prices. Moving toward online-first, smart casuals line targeting younger generation. Sold on various e-commerce platforms and 6 retail outlets in Bengaluru.

Licensed & Other Brands (B2C)

TSIL functions as fully integrated player for licensed brands (including Nautica, Aeropostale, FCUK) exclusively sold on e-commerce platforms like Myntra, Ajio, Namshi. Uses data analytics to identify trends and demand-supply gaps.

Contract Manufacturing (B2B)

Continues manufacturing apparels for companies like Raymond, Max, Being Human, Shopper Stop, Red Tape with customized products per client specifications.

Financial Performance - Q4 FY26 Consolidated

Key Metrics:

  • Revenue from Operations: Not quantified for Q4 in disclosure
  • EBITDA: INR 110 Mn (66.7% YoY growth)
  • EBITDA Margin: 14.14% (27 basis points YoY improvement)
  • PAT: INR 60 Mn (20.0% YoY growth)
  • PAT Margin: 7.71%
  • Diluted EPS: INR 4.22 per share (24.5% YoY growth)

Additional Q4 Financials:

  • Depreciation: INR 7 Mn
  • Finance Cost: INR 11 Mn (57.1% YoY increase)
  • Other Income: INR 1 Mn (50.0% YoY decrease)
  • PBT Before Exceptional Items: INR 93 Mn (38.8% YoY growth)
  • Exceptional Items: INR 11 Mn
  • Taxes: INR 22 Mn (57.1% YoY increase)

Financial Performance - FY26 Consolidated

Key Annual Metrics:

  • Revenue from Operations: INR 2,549 Mn (58.3% YoY growth)
  • EBITDA: INR 334 Mn (72.2% YoY growth)
  • EBITDA Margin: 13.10% (105 basis points YoY improvement)
  • PAT: INR 193 Mn (50.8% YoY growth)
  • PAT Margin: 7.57% (38 basis points YoY decrease)
  • Diluted EPS: INR 13.35 per share (15.3% YoY growth)

Additional Annual Financials:

  • Operating Expenses: INR 2,215 Mn (56.4% YoY growth)
  • Depreciation: INR 26 Mn (18.2% YoY growth)
  • Finance Cost: INR 27 Mn (35.0% YoY growth)
  • Other Income: INR 3 Mn (57.1% YoY decrease)
  • PBT Before Exceptional Items: INR 284 Mn (78.6% YoY growth)
  • Exceptional Items: INR 13 Mn
  • Taxes: INR 78 Mn

Operational Highlights

  • Market Share: Revenue growth of 63.4% YoY significantly outpaced category averages
  • Womenswear: New styles introduced delivered encouraging early traction
  • Footwear: Maiden foray into footwear with healthy consumer acceptance
  • Demand Environment: Remained robust through Q4-FY26
  • Winterwear: Strategic inventory positions continued to pay off through January

Balance Sheet Position (FY26)

Assets:

  • Property, Plant and Equipment: INR 125 Mn
  • Intangible assets: INR 5 Mn
  • Capital Work In Progress: INR 39 Mn
  • Inventories: INR 858 Mn
  • Trade Receivables: INR 862 Mn
  • Cash and Cash Equivalents: INR 1 Mn
  • Other Current Assets: INR 465 Mn
  • Total Assets: INR 2,376 Mn

Liabilities & Equity:

  • Total Equity: INR 1,373 Mn (Equity Share Capital: INR 147 Mn, Other Equity: INR 1,226 Mn)
  • Borrowings (Non-current): INR 15 Mn
  • Borrowings (Current): INR 450 Mn
  • Trade Payables: INR 448 Mn
  • Total Liabilities: INR 1,003 Mn

Capital Market Data

  • Market Price 52 Week H/L: INR 474.4 / INR 231.2
  • Market Cap: INR 3,461.5 Mn
  • Equity Shares Outstanding: 14.7 Mn
  • 1 Year Avg. Trading Volume: 37,100 shares
  • Shareholding Pattern: Promoter 52.32%, DII 2.45%, Public 45.23%

Strategic Priorities

  • Leverage insights to capture seasonal demand in segments like winterwear
  • Focus on selective long run orders in premium segment including exports
  • Continue contract manufacturing for longstanding clients
  • Further formalization of technology for pricing strategies, regionalization and replenishment
  • Explore technology pilots for external users and develop monetization strategy

Disclaimer

The presentation includes forward-looking statements based on management's current beliefs and assumptions, subject to risks and uncertainties. The company disclaims any obligation to update these statements.

Investor Relations Contact

Mr. Anuj Sonpal of Valorem Advisors (Tel: +91-22-3507-5100, Email: Thomas@valoremadvisors.com)