Iris Clothings Ltd. · NSE:IRISDOREME
Iris Clothings — Q1 FY2024 Earnings Presentation
28 slides from Iris Clothings's earnings presentation
Slide 1: Investor Presentation Q1 FY 2024
Investor Presentation Q1 FY 2024 Iris Clothing Limited – Investor Presentation 1
Slide 2: Financial Highlights & Business Updates
Investor Presentation Q1 FY 2024 Financial Highlights & Business Updates Iris Clothing Limited – Investor Presentation 2
Slide 3: Q1FY24 Highlights
Q1FY24 Highlights Business Update & Future Plans Financial Update ▪ We added 5 new distributors during the quarter and expanded ▪ Total Income stood at ₹242 Mn, up 4% YoY driven by pick-up in our presence in Maharashtra and Tamil Nadu. demand. ▪ Dispatched our first batch of winterwear apparels desi
Slide 4: 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 5: Disney x DOREME Summer Collection
Disney x DOREME Summer Collection Iris Clothing Limited – Investor Presentation 5
Slide 6: P&L Statement
P&L Statement Particulars (in ₹ Mn) Q1FY24 Q1FY23 YoY (%) Q4FY23 QoQ (%) Total Income 241.9 233.1 3.8% 376.2 (35.7)% Expenses 178.3 190.6 (6.4)% 323.3 (44.9)% EBITDA 63.5 42.5 49.4% 52.9 20.1% EBITDA Margin (%) 26.3% 18.2% 803 bps 14.1% 1,221 bps D&A 14.0 13.1 7.3% 13.0 7.5% EBIT 49.5 29.5 68.1% 39.
Slide 7: 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 8: 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 9: 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 10: Exhibitions & Conferences
Exhibitions & Conferences CMAI National Garment Fair, January 2023 Conference in Udaipur, January 2023 Iris Clothing Limited – Investor Presentation 10
Slide 11: About the Company
Investor Presentation Q1 FY 2024 About the Company Iris Clothing Limited – Investor Presentation 11
Slide 12: 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 13: 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 14: 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 15: 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 16: Market Opportunity
Investor Presentation Q1 FY 2024 Market Opportunity Iris Clothing Limited – Investor Presentation 16
Slide 17: 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 18: Our Value System
Investor Presentation Q1 FY 2024 Our Value System Iris Clothing Limited – Investor Presentation 18
Slide 19: 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 20: 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 21: Wide Network
Wide Network 2 148 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 22: 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 23: 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 24: 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 25: Investment Rationale
Investor Presentation Q1 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…