THOMAS SCOTT (INDIA) LTD

The earnings conference call for Q1 FY 2026-27 of Thomas Scott (India) Limited was held on August 17, 2026. Management provided an overview of the company's evolution from a traditional apparel manufacturer to a technology-enabled fashion retailer. They reported a revenue of INR 66 crores, a 22% year-on-year growth, with EBITDA at INR 9 crores, reflecting a 43% increase. The company emphasized a focus on protecting price realizations rather than pursuing volume through discounts, which they viewed as beneficial for long-term brand equity. Women's wear emerged as a significant growth category, contributing 13% to revenue. Management noted that approximately 40% of revenue came from wholesale sales through aggregator channels. They highlighted a cautious approach to pricing and marketing strategies in response to subdued price elasticity in demand due to global macroeconomic conditions. Overall, management expressed confidence in the company's operational model and growth potential.

Management presented a balanced view of growth opportunities and challenges.