Results · Commerce & Consumer Brands
The Indian Garage Co's FY26 losses widen 27%
By Startup Enthusiast ·
- Date
- Company
- The Indian Garage Co
- What it does
- Men's fashion brand
- Kind
- Results
- Based in
- Bengaluru
- Founded
- 2012
What they do
The Indian Garage Co designs, makes and sells mass-premium menswear under its own brands, mostly online
What happened
FY26 revenue rose 15% to ₹234.6 crore, far slower than the doubling a year earlier, while losses reached ₹28.7 crore
Why it matters
Advertising spend doubled to ₹29.3 crore as rivals like Snitch and Bewakoof push hard; Aditya Birla's TMRW owns 51%
The details
- The Indian Garage Co (TIGC) grew operating revenue 15% to ₹234.6 crore in FY26.
- A year earlier it had doubled its revenue.
- Its loss grew 27% to about ₹28.7 crore from ₹22.6 crore.
- Total spending rose 16% to ₹276.1 crore.
- It spent ₹1.18 for every rupee of operating revenue, slightly worse than ₹1.16 the year before.
The bigger picture
- Competition in online fashion is rising, with Snitch, Rare Rabbit, Bewakoof and The Souled Store growing fast.
- Advertising more than doubled to ₹29.3 crore as the brand fought for buyers.
- Its operating margin improved a little to -5.12% from -6%, but it still loses money on operations.
About the business
- TIGC designs, makes and sells men's clothing under in-house brands.
- It aims at the mass-premium end of the market.
- All its operating revenue comes from selling products.
- Materials were its biggest cost at ₹117.5 crore.
- It uses outside vendors for part of its manufacturing.
Investors
- TMRW (existing) — Aditya Birla Group's digital brands arm; invested about ₹155 crore in 2023 and holds 51%.
Founders
- Anant Tanted, Founder and CEO
More on The Indian Garage Co
- The Indian Garage Co opens 20th store in Lucknow17 July 2026 · Launch
- The Indian Garage Co doubles revenue, posts loss15 January 2026 · Results
- The Indian Garage Co opens its first store11 October 2024 · Launch
- Aditya Birla's TMRW invests ₹155 crore in TIGC25 October 2023 · Funding · ₹155 Cr
- The Indian Garage Co launches women's brand FreeHand17 August 2023 · Launch
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