Iris Clothings Ltd. · NSE:IRISDOREME
Iris Clothings — Q2 FY2022 Earnings Presentation
31 slides from Iris Clothings's earnings presentation, Oct 22, 2021
Slide 1: Outcome of Board Meeting letter to NSE
IRIS CLOTHINGS LTD. 103/24/1, Foreshore Road, Binani Metal Compound, Howrah — 711102 Office: +91 33-2640 4674, 33-2637 3856. email: accounts@irisclothings.in website : www. irisclothings.in CIN : L18109WB2011PLC166895 GSTIN : 19AACCI6963K1Z0 Date: 224 October, 2021 To The Listing Department National
Slide 2: Limited Review Report
Stesalit Tower, Room No: 303 3rd floor, E 2-3, Block EP & GP Sector-V, Salt Lake, Kolkata- 700091 Ph- 91 (33) 40630462, 40697147 AMK & ASSOCIATES Sunshine Tower, 7th Floor, Unit No.: 716, Senapati Bapat Marg, Dadar (West) Chartered Accountants Mumbai- 400013 Ph- 91 (22) 24322838 Limited Review Repor
Slide 3: Statement of Unaudited Financial Results
IRIS CLOTHINGS LIMITED Registered Office : 103/24/1, FORESHORE ROAD, HOWRAH - 711 102 CIN : L18109WB2011PLC166895 Statement of Unaudited Financial Results For The Quarter and Half Year Ended 30th September, 2021 (Rupees in lakhs) QUARTER ENDED HALF YEAR ENDED | YEAR ENDED) SI No PARTICULARS 30-Sep-2
Slide 4: Statement of Assets and Liabilities
IRIS CLOTHINGS LIMITED Registered Office : 103/24/1, FORESHORE ROAD, HOWRAH - 711 102 CIN : L18109WB2011PLC166895 Statement of Assets and Liabilities as at 30th September, 2021 (Rupees in lakhs) As at As at Particulars 30.09.2021 31.03.2021 Unaudited Audited ASSETS : Non-current Assets Property, Pla
Slide 5: Statement of Cash Flow
IRIS CLOTHINGS LIMITED Registered Office : 103/24/1, FORESHORE ROAD, HOWRAH - 711 102 CIN : L18109WB2011PLC166895 Statement of Cash Flow for the Half Year Ended 30th September, 2021 (Rupees in lakhs) Year ended Year ended PARTICULARS 30-09-2021 30-09-2020 CASH FLOW FROM OPERATING ACTIVITIES Net Prof
Slide 6: Q2FY22 revenue at Rs. 34.4 crores; up 40% YoY
EARNINGS RELEASE Q2 FY 2022 Q2FY22 revenue at Rs. 34.4 crores; up 40% YoY PAT margins improve by 95 bps QoQ Howrah, India, October 22, 2021 – Iris Clothings Limited (NSE: IRISDOREME), a readymade garment company engaged in designing, manufacturing, branding and selling garments for kids wear, today
Slide 7: About Iris Clothings Limited
EARNINGS RELEASE Q2 FY 2022 About Iris Clothings Limited Iris Clothings Limited is a fast-growing readymade garment company that is primarily engaged in designing, manufacturing, branding and selling garments for kids wear under its brand name DOREME in India. The Company delivers a broad range of a
Slide 8: Investor Presentation Q2 FY 2022
Investor Presentation Q2 FY 2022 Iris Clothing Limited – Investor Presentation 1
Slide 9: About the Company
Investor Presentation Q2 FY 2022 About the Company Iris Clothing Limited – Investor Presentation 2
Slide 10: 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 on
Slide 11: Product Portfolio
Product Portfolio Iris’ brand DOREME offers a wide range of apparels for infants, Currently toddlers, and junior boys and girls that suit both their indoor and Established DOREME as a reputable and trusted brand. outdoor requirements. Has solidified its position in the kids segment mainly through it
Slide 12: History
History Crossed the ₹50 crores turnover milestone Commenced business as a Acquired proprietorship firm “M/S IRIS CLOTHINGS” including Acquired land at Pachla, Howrah, proprietorship firm its brand name DOREME West Bengal – a major step towards Migrated from SME portal ‘M/s Iris Clothings’ increasing
Slide 13: Market Opportunity
Investor Presentation Q2 FY 2022 Market Opportunity Iris Clothing Limited – Investor Presentation 6
Slide 14: 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 garments 190 in the world 13 42 Contributes 2.3% to the -30% 106 country’s GDP 8 20 76.5 6.5 135 50 15 Employs 45 million workers 4 28 11 78 in the text
Slide 15: 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 16: Our Value System
Investor Presentation Q2 FY 2022 Our Value System Iris Clothing Limited – Investor Presentation 9
Slide 17: 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 Manufacturing & Sold to Raw Material Procurement Design & Development Branding+ Wholesalers
Slide 18: 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 19: Wide Network
Wide Network 1 Distributor Network Business Update Future Outlook 3 Iris has 114 distributors Developing an ecommerce portal 2 on our website 3 Has an online presence across various fast-growing e-commerce Plans to add distributors in newer 4 9 6 1 channels like FirstCry, Hopscotch geographies espec
Slide 20: 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 traffi
Slide 21: Relationship with Suppliers
Relationship with Suppliers Strong and trust-based relationships is of “I have been associated with IRIS IRIS Clothings is reliable and “IRIS Clothings is a great “Our association with DOREME is paramount importance since Clothings as a distributor for the a professional company. It is company with
Slide 22: Quality Consciousness
Quality Consciousness Iris ensures adherence to the desired standards of quality and specifications for its products and processes by undertaking adequate and stringent quality checks. This has helped the company in building strong customer trust and securing repeat business. 76% 54% revenue from re
Slide 23: 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 quality, Iris uses printing materials that is eco- which resulted in significant reduction of friendly, recyclable
Slide 24: Financials
Investor Presentation Q2 FY 2022 Financials Iris Clothing Limited – Investor Presentation 17
Slide 25: Financial Highlights
Financial Highlights ₹ in Crores FY17 FY18 FY19 FY20 FY21 Total Revenue 46.9 53.1 62.2 60.9 88.2 PAT 1.7 3.3 5.1 3.9 6.5 EBITDA 5.5 9.0 11.3 13.8 17.1 Net Worth 6.5 10.1 28.6 32.1 38.8 Debt 16.6 21.0 20.1 24.6 20.3 Iris Clothing Limited – Investor Presentation 18
Slide 26: Ratio Analysis
Ratio Analysis EBITDA Margin (in %) Return on Capital Employed (in %) Return on Assets (in %) 22.7 22.9 8.3 8.2 8.6 19.4 18.8 20.0 18.2 18.4 17.0 15.5 5.3 4.8 11.8 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 Decrease in the ratio due to significant Recovery in FY21 was
Slide 27: Q2FY22 Update
Q2FY22 Update Business Update Financial Update Revenues were in-line with our expectations Total Income stood at ₹34.4 crores, up 40% YoY Began production in our undergarments vertical that is expected to be EBITDA margin is at 19.6% compared to 24.8% in Q2FY21, down by launched by December 2021 525
Slide 28: Investment Rationale
Investor Presentation Q2 FY 2022 Investment Rationale Iris Clothing Limited – Investor Presentation 21
Slide 29: 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, promoters Catering to a large customer have a strong expertise in the industry segment of ~365 m
Slide 30: 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 31: Thank You
Thank You For further details please contact: Santosh Ladha Diwakar Pingle / Sonia Keswani Iris Clothings Limited Christensen Advisory : +91 33 2979 0289 : +91 22 4215 0210 : santosh.ladha@irisclothings.in : dpingle@ christensenir.com : skeswani@christensenir.com REGISTERED OFFICE 103/24/1, Foreshor