Iris Clothings Ltd. · NSE:IRISDOREME
Iris Clothings — Q4 FY2024 Earnings Presentation
41 slides from Iris Clothings's earnings presentation, May 13, 2024
Slide 1: SANTOSH Digitally LADHA 13:14:29 +05'30'
SANTOSH Digitally signed by SANTOSH LADHA LADHA 13:14:29 +05'30' Date: 2024.05.13
Slide 2: SANTOS Digitally H LADHA Date:
SANTOS Digitally signed by SANTOSH LADHA H LADHA Date: 2024.05.13 13:09:16 +05'30'
Slide 3: SANTOS Digitally H LADHA Date:
SANTOS Digitally signed by SANTOSH LADHA H LADHA Date: 2024.05.13 13:10:08 +05'30'
Slide 4: Independent Auditor's Report
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Slide 5: Management's Responsibilities for the Financial Results
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Slide 6: Auditor's Responsibilities
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Slide 7: Other Matters
Stesalit Tower 303, 3 Floor E 2-3, Block EP & GP Sector V, Salt Lake Kolkata-700091 Ph- 033-40697147 | /N__ | AMK & ASSOCIATES Sunshine Tower, 7th Floor, Unit No.: 716, - ' Chartered Accountants Senapati Bapat Marg, Dadar (West) Mumbai- 400013 Ph- 022-24322838 Other Matters The Statement includes th
Slide 8: Statement of Audited Financial Results Q4 and FY2024
IRIS CLOTHINGS LIMITED Chie Registered Office : 103/24/1, FORESHORE ROAD, HOWRAH - 711 102 ¢ CS CIN : L18109WB2011PLC166895 Statement of Audited Financial Results For The Quarter and Year Ended 31st March, 2024 Rupees in Lakh QUARTER ENDED YEAR ENDED S| No PARTICULARS 31-Mar-24 31-Dec-23 31-Mar-23 3
Slide 9: Statement of Assets and Liabilities as at 31 March 2024
IRIS CLOTHINGS LIMITED Registered Office : 103/24/1, FORESHORE ROAD, HOWRAH - 711 102 CIN : L18109WB2011PLC166895 Statement of Assets and Liabilities as at 31st March, 2024 (Rupees in lakhs) As at As at Particulars 31.03.2024 31.03.2023 Audited Audited ASSETS: [Non-current Assets |Property, Plant &
Slide 10: Statement of Cash Flow for the Year Ended 31 March 2024
| IRIS CLOTHINGS LIMITED | Registered Office : 103/24/1, FORESHORE ROAD, HOWRAH - 711 102 CIN : L18109WB2011PLC166895 Statement of Audited Financial Results For The Quarter and Year Ended 31st March, 2024 Statement of Cash Flow for the Year Ended 31st March, 2024 (Rupees in lakhs) Year ended Year en
Slide 11: Iris Clothings announced its Q4 & FY24 Results
EARNINGS RELEASE Q4 & FY24 Iris Clothings announced its Q4 & FY24 Results FY24 Total Revenue at Rs. 1,220 million; surged by 8% YoY FY24 EBITDA was Rs. 264 million; uptick of 35% YoY FY24 PAT stood at Rs. 122 million; robust growth of 48% YoY Howrah, India, May 13, 2024 – Iris Clothings Limited (NSE
Slide 12: Outlook
EARNINGS RELEASE Q4 & FY24 • Total revenue stood at ₹421 Million a year-on-year increase of 12% and sequential growth of 79% o The growth was driven by the strong traction in demand, especially in infant wear, along with the addition of new distributors during the quarter o Additionally, our investm
Slide 13: Contact and disclaimer
EARNINGS RELEASE Q4 & FY24 If you have any questions or require further information, please feel free to contact: IR Team at Iris Clothings Limited Registered Office 103/24/1, Santosh Ladha Foreshore Road, Iris Clothings Limited Howrah - 711 102 P: +91 33 2979 0289 E: santosh.ladha@irisclothings.in
Slide 14: Investor Presentation Q4 & FY 2024
Investor Presentation Q4 & FY 2024 Iris Clothing Limited – Investor Presentation 1
Slide 15: Financial Highlights & Business Updates
Investor Presentation Q4 & FY 2024 Financial Highlights & Business Updates Iris Clothing Limited – Investor Presentation 2
Slide 16: Q4 FY24 Highlights
Q4 FY24 Highlights Business Updates & Future Plans Financial Update & Outlook ▪ FY24 saw impressive growth with notable enhancements in value across all ▪ Total income reached ₹421 million, marking a year-over-year (YoY) business sectors. increase of 12% and a quarter-over-quarter (QoQ) surge of 79%
Slide 17: P&L Statement
P&L Statement Particulars (in ₹ Mn) Q4FY24 Q4FY23 YoY (%) Q3FY24 QoQ (%) FY24 FY23 YoY (%) Total Income 421.4 376.2 12.0% 235.0 79.3% 1,220.2 1,131.1 7.9% Expenses 350.4 323.3 8.4% 180.9 93.7 955.9 936.0 2.1% EBITDA 71.0 52.9 34.3% 54.1 31.2 264.3 195.1 35.5% EBITDA Margin (%) 16.9% 14.1% 280 bps 23
Slide 18: Key Developments
Investor Presentation Q4 & FY 2024 Key Developments Iris Clothing Limited – Investor Presentation 5
Slide 19: Expanding on all Fronts
Expanding on all Fronts Sample launch of kids’ Inaugurated first Signed licensing apparels designed with Exclusive Brand Launched accessories line agreements to design Disney & Marvel Outlet (EBO) in under the infant wear apparels using Disney & characters in Udaipur Howrah (Kolkata) vertical Marvel
Slide 20: Expansion Strategy
Expansion Strategy 1 2 3 Established Offline Direct Online Portal Exclusive Brand Outlets Presence Built a pan India presence through Launched own D2C Ecommerce Inaugurated two own stores in website Kolkata with five more in pipeline to enhance brand recall 160+ 10k+ Distributors Retailers www.dorem
Slide 21: Developments in Disney
Developments in Disney Signed licensing agreements with UTV Software Communications (“Disney”) to design apparels using Disney Nov-22 & Marvel movie characters. Conducted a successful sample launch of Disney designed apparels in Udaipur under the DOREME x Disney Jan-23 brand. Dispatched our first ba
Slide 22: DOREME x Disney Brand
DOREME x Disney Brand Mickey & Friends New Launches Iris Clothing Limited – Investor Presentation 9
Slide 23: About the Company
Investor Presentation Q4 & FY 2024 About the Company Iris Clothing Limited – Investor Presentation 10
Slide 24: 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 www.doreme.in garments. Our sustained pursuit of design and innovation has made us a preferred We have been growing our presence online by fa
Slide 25: 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 market position in the kids segment mainly
Slide 26: Market Opportunity
Investor Presentation Q4 & FY 2024 Market Opportunity Iris Clothing Limited – Investor Presentation 13
Slide 27: Indian Kids Apparel Industry
Indian Kids Apparel Industry Market size of Kids Apparel in India (₹ Tn) ~26% Indians are below the age of 14 years making a large customer base to cater to 1.56 Kids wear registered a 200% growth despite a 4% drop in 1.01 overall online fashion order volumes in FY2021 0.68 0.58 Significantly High r
Slide 28: Our Value System
Investor Presentation Q4 & FY 2024 Our Value System Iris Clothing Limited – Investor Presentation 15
Slide 29: 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 30: 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 31: Wide Network
Wide Network 3 165 Business Update Future Outlook Distributors 4 ▪ Has an online presence in ▪ Focus for FY25: Strengthen core 7 1 FirstCry and through its own distribution network, 16 D2C platform www.doreme.in. expanding exports to new 12 14 6 1 geographies and opening new 3 ▪ Successfully onboard
Slide 32: 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 has been undertaking various activities to enhance its brand recall and customer connect on social media channels. This would eventuall
Slide 33: 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 34: 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 35: Annual Highlights
Investor Presentation Q4 & FY 2024 Annual Highlights Iris Clothing Limited – Investor Presentation 22
Slide 36: Balance Sheet
Balance Sheet (in ₹ Mn) Particulars FY 2021 FY 2022 FY 2023 FY2024 Total non-current assets 325 329 289 302 Inventories 253 337 449 619 Trade Receivables 149 237 313 363 Cash & cash equivalents (incl. bank balances) 15 14 15 16 Total Current Assets 434 609 804 1,030 Total Assets 759 938 1,093 1,332
Slide 37: Ratio Analysis
Ratio Analysis EBITDA Margin (in %) Return on Capital Employed (in %) Return on Assets (in %) 22.8 21.7 21.5 10.8 20.0 21.2 19.5 19.3 9.2 17.2 8.6 15.5 16.6 7.6 4.8 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 PAT Margin (in %) Working Capital Days Debt-to-Equity (in x)
Slide 38: Investment Rationale
Investor Presentation Q4 & FY 2024 Investment Rationale Iris Clothing Limited – Investor Presentation 25
Slide 39: 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 40: 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 41: Thank You
Thank You For further details please contact: Santosh Ladha Abhishek Bhatt/Vikash Verma Iris Clothings Limited Ernst & Young LLP 📞: +91 33 2979 0289 📞: +91-8080796083 📧: santosh.ladha@irisclothings.in 📧: abhishek.bhatt3@in.ey.com 📧: vikash.verma1@in.ey.com REGISTERED OFFICE 103/24/1, Foreshore…