Iris Clothings Ltd. · NSE:IRISDOREME
Iris Clothings — Q4 FY2023 Earnings Presentation
27 slides from Iris Clothings's earnings presentation, 2023
Slide 1: Investor Presentation Q4 & FY 2023
Investor Presentation Q4 & FY 2023 Iris Clothing Limited – Investor Presentation 1
Slide 2: Financial Highlights
Investor Presentation Q4 & FY 2023 Financial Highlights Iris Clothing Limited – Investor Presentation 2
Slide 3: Q4FY23 Update
Q4FY23 Update Business Update Financial Update ▪ We conducted a successful conference in Udaipur in January, ▪ Total Income stood at ₹376.3 Mn, up 14.8% YoY and 84.6% QoQ wherein we showcased our complete range of products along driven by pick-up in demand. with our newly designed Disney apparels. ▪
Slide 4: Exhibitions & Conferences
Exhibitions & Conferences CMAI National Garment Fair, July 2022 First Overseas Exhibition in Dubai, November 2022 The event saw participation from distributors and large retailers primarily from Middle East countries. Such exhibitions are going to be crucial in growing brand visibility in the intern
Slide 5: Exhibitions & Conferences
Exhibitions & Conferences CMAI National Garment Fair, January 2023 Conference in Udaipur, January 2023 Iris Clothing Limited – Investor Presentation 5
Slide 6: Expanding on all Fronts
Expanding on all Fronts Upcoming ▶ Launch the Signed licensing undergarment Launched accessories line agreements to design vertical for kids under the infant wear apparels using Disney & vertical Marvel movie characters 120 125 131 133 143 Dec Jun Sep Nov Dec Jan Apr 2021 2022 2022 2022 2022 2023 20
Slide 7: P&L Statement
P&L Statement Particulars (in ₹ Mn) Q4FY23 Q4FY22 YoY (%) Q3FY23 QoQ (%) FY23 FY22 YoY (%) Total Income 376.2 327.7 14.8% 203.8 84.6% 1,131.1 1,117.7 1.2% Total Expenses 323.3 275.6 17.3% 171.8 88.3% 936.0 902.1 3.8% EBITDA 52.9 52.1 1.6% 32.0 65.1% 195.1 215.6 (9.5)% EBITDA Margin (%) 14.1% 15.9% (
Slide 8: 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 9: 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 10: About the Company
Investor Presentation Q4 & FY 2023 About the Company Iris Clothing Limited – Investor Presentation 10
Slide 11: 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 12: 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 13: 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 14: Market Opportunity
Investor Presentation Q4 & FY 2023 Market Opportunity Iris Clothing Limited – Investor Presentation 14
Slide 15: 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 16: 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 17: Our Value System
Investor Presentation Q4 & FY 2023 Our Value System Iris Clothing Limited – Investor Presentation 17
Slide 18: 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 19: 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 20: Wide Network
Wide Network 2 143 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 penetration and expand reach 3 ▪ Continuously expanding
Slide 21: 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 22: 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 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 Iris uses printing materials that is quality, which resulted in significant eco-friendly, recyclable and reduction
Slide 24: Investment Rationale
Investor Presentation Q4 & FY 2023 Investment Rationale Iris Clothing Limited – Investor Presentation 24
Slide 25: 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 26: 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 27: 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…