Iris Clothings Ltd. · NSE:IRISDOREME
Iris Clothings — Q2 FY2024 Earnings Presentation
28 slides from Iris Clothings's earnings presentation, 2023
Slide 1: Investor Presentation Q2 & H1 FY 2024
Investor Presentation Q2 & H1 FY 2024 Iris Clothing Limited – Investor Presentation 1
Slide 2: Financial Highlights & Business Updates
Investor Presentation Q2 & H1 FY 2024 Financial Highlights & Business Updates Iris Clothing Limited – Investor Presentation 2
Slide 3: Q2 FY24 Highlights
Q2 FY24 Highlights Business Update & Future Plans Financial Update & Outlook ▪ Inaugurated the first Exclusive Brand Outlet (EBO) in ▪ Total Income was ₹322 Million; up 1% YoY & 33% QoQ September 2023 in Howrah near Kolkata; festive season acted ▪ Driven by volume uptick, partially offset by low sel
Slide 4: P&L Statement
P&L Statement Particulars (in ₹ Mn) Q2FY24 Q2FY23 YoY (%) Q1FY24 QoQ (%) H1FY24 H1FY23 YoY (%) Total Income 321.9 317.9 1.2% 241.9 33.1% 563.7 551.1 2.3% Expenses 246.3 250.3 (1.6%) 178.3 38.1% 424.6 440.9 (3.7%) EBITDA 75.6 67.6 11.8% 63.5 18.9% 139.1 110.1 26.3% EBITDA Margin (%) 23.5% 21.3% 221.4
Slide 5: 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 three more in pipeline to enhance brand recall 150+ 10k+ Distributors Retailers www.dore
Slide 6: Developments in Disney
Developments in Disney Signed licensing agreements with UTV Software Communications (“Disney”) to design Nov-22 apparels using Disney & Marvel movie characters. Jan-23 Conducted a successful sample launch of Disney designed apparels. Dispatched our first batch of orders of T-shirts designed with Mic
Slide 7: About the Company
Investor Presentation Q2 & H1 FY 2024 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 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 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: Disney x DOREME Summer Collection
Disney x DOREME Summer Collection Iris Clothing Limited – Investor Presentation 10
Slide 11: History
History Crossed the ₹50 crores turnover milestone Acquired land at Pachla, Howrah, West Bengal – a major Migrated from SME Launched DOREME step towards increasing portal of NSE to Main brand for Kids Wear manufacturing capabilities. Board of NSE 2004 2005 2012 2016 2018 2020 Listed as an SME under N
Slide 12: Expanding on all Fronts
Expanding on all Fronts Sample launch of kids Inaugurated first Signed licensing apparels designed Exclusive Brand Launched accessories line agreements to design with Disney & Marvel Outlet (EBO) in under the infant wear apparels using Disney & characters in Udaipur Howrah (Kolkata) vertical Marvel
Slide 13: Market Opportunity
Investor Presentation Q2 & H1 FY 2024 Market Opportunity Iris Clothing Limited – Investor Presentation 13
Slide 14: 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 15: Our Value System
Investor Presentation Q2 & H1 FY 2024 Our Value System Iris Clothing Limited – Investor Presentation 15
Slide 16: 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 17: 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 18: Wide Network
Wide Network 2 155 Business Update Future Outlook Distributors 4 ▪ Has an online presence in ▪ Plan to add distributors in 7 1 FirstCry and through its own newer geographies and pan 15 D2C platform www.doreme.in. India, to deepen market 12 12 6 1 penetration and expand reach 3 ▪ Continuously expandi
Slide 19: 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 20: 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 21: 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 22: Annual Highlights
Investor Presentation Q2 & H1 FY 2024 Annual Highlights Iris Clothing Limited – Investor Presentation 22
Slide 23: Balance Sheet
Balance Sheet (in ₹ Mn) Particulars FY 2021 FY 2022 FY 2023 Total non-current assets 325 329 289 Inventories 253 337 449 Trade Receivables 149 237 313 Cash & cash equivalents (incl. bank balances) 15 14 15 Total Current Assets 434 609 804 Total Assets 759 938 1,093 Equity 388 487 569 Lease Liabiliti
Slide 24: Ratio Analysis
Ratio Analysis EBITDA Margin (in %) Return on Capital Employed (in %) Return on Assets (in %) 22.8 10.8 21.5 19.5 19.3 20.0 18.2 17.2 18.4 8.6 16.6 8.2 15.5 7.6 4.8 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 Decrease in the ratio has been due to significant Drop in re
Slide 25: Investment Rationale
Investor Presentation Q2 & H1 FY 2024 Investment Rationale Iris Clothing Limited – Investor Presentation 25
Slide 26: 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 27: 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 28: 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 REGISTERED OFFICE 103/24/1, Foreshore…