Iris Clothings Ltd. · NSE:IRISDOREME
Iris Clothings — Q2 FY2023 Earnings Presentation
31 slides from Iris Clothings's earnings presentation, Nov 11, 2022
Slide 1: Outcome of Board Meeting letter to NSE
Date: 11! November, 2022 U To iN The Listing Department | National Stock Exchange of India Limited - Exchange Plaza, Plot No. C/1, G Block Bandra-Kurla Complex Bandra(E) Mumbai-400051 NSE Symbol: IRISDOREME Sub: Outcome of the Board Meeting dated 11'" November, 2022 Ref: Disclosure under Regulation
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, 2022 (Rupees in lakhs) QUARTER ENDED HALF YEARENDED | 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, 2022 (Rupees in lakhs) As at As at Particulars 30.09.2022 31.03.2022 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, 2022 (Rupees in lakhs) Year ended Year ended PARTICULARS 30-09-2022 30-09-2021 CASH FLOW FROM OPERATING ACTIVITIES Net Prof
Slide 6: Earnings Release Q2 FY2023
EARNINGS RELEASE Q2 FY 2023 Q2FY23 revenue at Rs. 318 Million; up 36.4% QoQ EBITDA margin stood at 21.3%; up 302 bps QoQ Howrah, India, November 11, 2022 – Iris Clothings Limited (NSE: IRISDOREME), a readymade garment company engaged in designing, manufacturing, branding, and selling garments for ki
Slide 7: About Iris Clothings Limited
EARNINGS RELEASE Q2 FY 2023 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 & H1 FY 2023
Investor Presentation Q2 & H1 FY 2023 Iris Clothing Limited – Investor Presentation 1
Slide 9: Financial Highlights
Investor Presentation Q2 & H1 FY 2023 Financial Highlights Iris Clothing Limited – Investor Presentation 2
Slide 10: Q2FY23 Update
Q2FY23 Update Business Update Financial Update ▪ Launched the D2C e-commerce platform – www.doreme.in to ▪ Total Income stood at ₹318 Mn, down 7.5% YoY due to lower sale sell products under our DOREME brand. volumes. ▪ Both, the e-commerce website and the B2B platform for ▪ EBITDA margin was up 168
Slide 11: P&L Statement
P&L Statement Particulars (in ₹ Mn) Q2FY23 Q2FY22 YoY (%) Q1FY23 QoQ (%) H1FY23 H1FY22 YoY (%) Total Income 318 344 (7.5)% 233 36.4% 551 539 2.2% Total Expenses 271 297 (8.7)% 210 29.1% 480 468 2.7% EBITDA 68 67 0.4% 43 59.0% 110 111 (1.0)% EBITDA Margin (%) 21.3% 19.6% 168 bps 18.2% 302 bps 20.0% 2
Slide 12: Balance Sheet
Balance Sheet (in ₹ Mn) Particulars FY 2021 FY 2022 H1 FY2023 Total non-current assets 325 329 305 Inventories 253 337 469 Trade Receivables 149 237 245 Cash & cash equivalents (incl. bank balances) 15 14 14 Total Current Assets 434 609 766 Total Assets 759 938 1,071 Equity 388 487 539 Lease Liabili
Slide 13: 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 14: About the Company
Investor Presentation Q2 & H1 FY 2023 About the Company Iris Clothing Limited – Investor Presentation 7
Slide 15: 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 We have been growing our presence online by fashionable kids
Slide 16: 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 17: 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 18: Market Opportunity
Investor Presentation Q2 & H1 FY 2023 Market Opportunity Iris Clothing Limited – Investor Presentation 11
Slide 19: 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 20: 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 21: Our Value System
Investor Presentation Q2 & H1 FY 2023 Our Value System Iris Clothing Limited – Investor Presentation 14
Slide 22: 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 23: 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 24: Wide Network
Wide Network 2 Distributor Network Business Update Future Outlook 3 ▪ Iris has 131 distributors ▪ Plans to add distributors in 5 newer geographies especially 13 ▪ Has an online presence across in North & South India, to various fast-growing e- deepen market penetration 11 12 6 3 commerce channels li
Slide 25: 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 26: 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 27: 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 28: Investment Rationale
Investor Presentation Q2 & H1 FY 2023 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, Catering to a large customer promoters have a strong expertise in segment of ~365 million the in
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 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…