Iris Clothings Ltd. · NSE:IRISDOREME
Iris Clothings — Q1 FY2023 Earnings Presentation
24 slides from Iris Clothings's earnings presentation, 2022
Slide 1: Investor Presentation Q1 FY 2023
Investor Presentation Q1 FY 2023 Iris Clothing Limited – Investor Presentation 1
Slide 2: Financial Highlights
Investor Presentation Q1 FY 2023 Financial Highlights Iris Clothing Limited – Investor Presentation 2
Slide 3: Key Developments
Key Developments ▪ Launched the B2B platform for wholesalers, that is expected to improve our sale efficiency ▪ Launched the accessories line under the infant wear vertical ▪ High stock pile-up was on account of winterwear, and our new verticals - undergarments and sportswear which will hit the mark
Slide 4: P&L Highlights
P&L Highlights Particulars (in ₹ Mn) Q1FY23 Q1FY22 YoY (%) Q4FY22 QoQ (%) Financial Update Total Income 233 196 19.2% 328 (28.9)% ▪ Total Income stood at ₹233 Mn, up 19.2% YoY driven by increased volumes; down 28.9% QoQ Total Expenses 210 171 22.4% 295 (29.0)% due to seasonality and lower sale volum
Slide 5: Ratio Analysis
Ratio Analysis EBITDA Margin (in %) Return on Capital Employed (in %) Return on Assets (in %) 22.8 22.9 10.8 21.5 19.5 19.3 20.0 18.2 18.4 8.3 8.6 17.0 8.2 15.5 4.8 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 Decrease in the ratio has been due to significant Recovery i
Slide 6: FY22 Highlights – Balance Sheet
FY22 Highlights – Balance Sheet (in ₹ Mn) FY22 FY21 Total non-current assets 329 325 Inventories 337 253 Trade Receivables 237 149 Cash & cash equivalents (incl. bank balances) 14 15 Total Current Assets 609 434 Total Assets 938 759 Equity 487 388 Lease Liabilities 66 68 Total Non-current Liabilitie
Slide 7: About the Company
Investor Presentation Q1 FY 2023 About the Company Iris Clothing Limited – Investor Presentation 7
Slide 8: Company Overview
Company Overview Presence in Ecommerce platforms We are a fast-growing kids’ apparel company that is engaged in designing, manufacturing, branding and selling garments. Our sustained pursuit of design and innovation has made us a preferred fashionable kids’ brand. We have been growing our presence o
Slide 9: Product Portfolio
Product Portfolio Iris’ brand DOREME offers a wide range of apparels for Currently infants, toddlers, and junior boys and girls that suit both their ▪ Established DOREME as a reputable and trusted brand. indoor and outdoor requirements. ▪ Has solidified its position in the kids segment mainly throug
Slide 10: History
History Crossed the ₹50 crores turnover milestone Acquired land at Pachla, Launched the B2B Howrah, West Bengal – a major Migrated from SME platform for Launched DOREME step towards increasing portal of NSE to Main wholesalers brand for Kids Wear manufacturing capabilities. Board of NSE 2004 2005 20
Slide 11: Market Opportunity
Investor Presentation Q1 FY 2023 Market Opportunity Iris Clothing Limited – Investor Presentation 11
Slide 12: Indian Textile & Apparel Industry
Indian Textile & Apparel Industry India’s Domestic Textile and Apparel Market Size (US$ in Bn) India is the second-largest producer of textiles and 190 garments in the world 13 30% 42 -25% Contributes 2.3% to the 106 country’s GDP 99 8 8 20 80 19 7 18 135 50 4 Employs 45 million workers 11 78 72 in
Slide 13: Kids Wear - the Fastest to Recover
Kids Wear - the Fastest to Recover Kids wear is expected to grow at a CAGR of 8.76% between 2021-2026 ~365 million Indians are below the age of 15 years. Hence, a large customer base LOW HIGH Kids wear registered a 200% growth despite a 4% drop in overall online fashion order volumes in FY2021 Signi
Slide 14: Our Value System
Investor Presentation Q1 FY 2023 Our Value System Iris Clothing Limited – Investor Presentation 14
Slide 15: Integrated Operations
Integrated Operations Iris has a complete in-house integrated infrastructure right from design conceptualisation to manufacturing to branding and selling of finished goods to wholesaler. Conceptualization of Raw Material Manufacturing & Sold to Design & Development Procurement Branding+ Wholesalers
Slide 16: Manufacturing Prowess
Manufacturing Prowess Manufacturing excellence has been one of our biggest strengths. Moreover, our state-of-the-art facilities help us increase our capabilities multifold, achieve economies of scale and provide locational synergies. Foreshore Road, Pachla, Uluberia, Srijjan Industrial Park, Howrah
Slide 17: Wide Network
Wide Network 1 Distributor Network Business Update Future Outlook 3 ▪ Iris has 125 distributors ▪ B2C Ecommerce portal on our 5 website which will go live in 13 ▪ Has an online presence across FY23 various fast-growing e- 10 12 6 3 commerce channels like ▪ Plans to add distributors in 1 FirstCry, am
Slide 18: Enhancing Brand Visibility
Enhancing Brand Visibility ▪ Iris plans to enhance its digital marketing and branding initiatives to better mirror the customers’ fast-changing needs. ▪ The Company plans to undertake activities to enhance its brand recall and customer connect on social media channels. This would eventually drive tr
Slide 19: Relationship with Suppliers
Relationship with Suppliers Strong and trust-based relationships is of “I have been associated with IRIS Clothings is reliable “IRIS Clothings is a great “Our association with paramount importance IRIS Clothings as a distributor and a professional company with an DOREME is since its inception. since
Slide 20: Sustainability
Sustainability Environmental Social Iris follows a strict ecological policy that comprises of 6 features Waste Reduction Recycling No Child Labour Iris made an improvement in its fabric Iris uses printing materials that is quality, which resulted in significant eco-friendly, recyclable and reduction
Slide 21: Investment Rationale
Investor Presentation Q1 FY 2023 Investment Rationale Iris Clothing Limited – Investor Presentation 21
Slide 22: Our Differentiating Factors
Our Differentiating Factors Continuous investments to expand manufacturing capabilities coupled with high return on capital employed indicating efficient use of that capital With ~15 years of experience, Catering to a large customer promoters have a strong expertise in segment of ~365 million the in
Slide 23: Safe Harbour Statement
Safe Harbour Statement This presentation has been prepared by and is the sole responsibility of Iris Clothings Limited (the “Company”). This presentation does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities. This presentation has been prepared by th
Slide 24: Thank You
Thank You For further details please contact: Santosh Ladha Sonia Keswani/Vikash Verma Iris Clothings Limited Ernst & Young LLP 📞: +91 33 2979 0289 📞: +91 8017393854 📧: santosh.ladha@irisclothings.in 📧: sonia.keswani@in.ey.com 📧: vikash.verma1@in.ey.com R E GISTE R E D O FFIC E 103/24/1…