Iris Clothings Ltd. · NSE:IRISDOREME
Iris Clothings — Q1 FY25 Earnings Presentation
30 slides from Iris Clothings's earnings presentation, Aug 2, 2024
Slide 1: Outcome of the Board Meeting cover letter
Date: 24 Aug, 2024 To if 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 2"4 August, 2024 Ref: Disclosure under regulation 33 of Securitie
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 XN | AMK & ASSOCIATES Sunshine Tower, 7th Floor, Unit No.: 716, Senapati Bapat Marg, Dadar (West) \ ae Chartered Accountants Mumbai- 400013 Ph- 91 (22) 24322838 Limited Re
Slide 3: Statement of Unaudited Financial Results for the Quarter Ended 30th June 2024
IRIS CLOTHINGS LIMITED Registered Office : 103/24/1, FORESHORE ROAD, HOWRAH - 711 102 CIN : L18109WB2011PLC166895 Statement of Unaudited Financial Results For The Quarter Ended 30th June, 2024 Rupees in Lakhs QUARTER ENDED YEAR ENDED S| No PARTICULARS 30-Jun-24 31-Mar-24 | 30-Jun-23 31-Mar-24 (Unaud
Slide 4: Iris Clothings announced its Q1FY25 Results
IRIS : EARNINGS RELEASE CLOTHINGS LIMITED ae Iris Clothings announced its Q1FY25 Results Total Revenue at Rs. 315 million; surged by 30% YoY Launched 4 Exclusive Brand Outlets in Q1FY25 Howrah, India, August 02, 2024 - Iris Clothings Limited (NSE: IRISDOREME), a readymade garment company engaged in
Slide 5: Outlook and About Iris Clothings Limited
IRIS : EARNINGS RELEASE CLOTHINGS LIMITED ae Outlook: e During FY25, confident to launch 15+ new EBOs to build a strong retail-distribution network. e Diversifying product mix by introducing new kids products in our existing portfolio. e Continue to expand geographical footprints by adding new distr
Slide 6: Investor Presentation Q1 FY25
Investor Presentation Q1 FY25 | August 2024 Iris Clothing Limited – Investor Presentation 1
Slide 7: Financial Highlights & Business Updates
Investor Presentation Q1 FY25 Financial Highlights & Business Updates Iris Clothing Limited – Investor Presentation 2
Slide 8: Q1 FY25 Highlights
Q1 FY25 Highlights Business Updates & Future Plans Financial Update Geographic expansion continued with the addition of 5 new distributors with total Total income rose to ₹314.7 million a growth of 30% YoY; though margins distributors aggregating to 170. were affected by higher variable costs; r
Slide 9: P&L Statement
P&L Statement Particulars (in ₹ Mn) Q1FY25 Q1FY24 Q4FY24 Total Income 314.7 241.9 421.4 Expenses 255.0 178.3 350.4 EBITDA 59.6 63.5 71.0 EBITDA Margin (%) 19.0% 26.3% 16.9% D&A 17.1 14.0 15.9 EBIT 42.6 49.5 55.1 Finance cost 9.8 8.3 9.7 PBT 32.8 41.3 45.4 PAT 24.2 30.8 34.9 PAT Margin (%) 7.7% 12.7%
Slide 10: Company Overview
Investor Presentation Q1 FY25 Company Overview Iris Clothing Limited – Investor Presentation 5
Slide 11: Iris Clothing at Glance
Iris Clothing at Glance 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 onlin
Slide 12: Key Milestones
Key Milestones Sample launch of kids’ Inaugurated first Signed licensing agreements to apparels designed with Exclusive Brand Outlet Launched accessories line design apparels using Disney & Disney & Marvel (EBO) in Howrah under the infant wear vertical Marvel movie characters characters in Udaipur (
Slide 13: 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 Manufacturing & Sold to Raw Material Procurement Design & Development Branding+ Wholesalers
Slide 14: 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 15: Strong Distribution Network - PAN India Presence
Strong Distribution Network - PAN India Presence Manufacturing Business Retail Business Exports 3 170 6 4 Distributors EBOs 7 1 16 12 15 6 1 4 7 Countries 2 1 1 4 22 5 9 5 33 5 2 6 1. Portugal 3 7 2. Nepal 3. Mozambique % Contribution to Revenue (Q1FY25) 4. Saudi Arabia 5. Africa Howrah 15.4% 1. 3 i
Slide 16: Product Portfolio
Product Portfolio Iris’ brand DOREME offers a wide range of apparels for infants, Currently toddlers, and junior boys and girls that suit both their indoor and Established DOREME as a reputable and trusted brand outdoor requirements. Has solidified its market position in the kids segment mainly
Slide 17: 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 18: Disney x DOREME: Premium Market Positioning
Disney x DOREME: Premium Market Positioning Licensing Agreement with Disney Launch of Disney x DORME Brand Strategic Partnership that allows IRIS to Initiative aimed at enhancing customer experience, design and sell apparel featuring beloved offering exclusive range of products that combine characte
Slide 19: DOREME x Disney Brand
DOREME x Disney Brand Mickey & Friends New Launches Iris Clothing Limited – Investor Presentation 14
Slide 20: Our Strengths
Our Strengths Strong Merchandise Largest Kids Product Licensing Fast Collection Brand Designing Agreement Fashion Offers diverse range of Providing comfort for Changes clothing design Lucrative licensing Bringing new trends to appealing products children through quality every 60 days, while agreemen
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 quality, Iris uses printing materials that is eco- which resulted in significant reduction of friendly, recyclable
Slide 22: Relationship with Suppliers
Relationship with Suppliers Strong and trust-based relationships is of “I have been associated with IRIS IRIS Clothings is reliable and “IRIS Clothings is a great “Our association with DOREME is paramount importance since Clothings as a distributor for the a professional company. It is company with
Slide 23: Growth Drivers
Investor Presentation Q1 FY25 Growth Drivers Iris Clothing Limited – Investor Presentation 18
Slide 24: Expansion Strategy
Expansion Strategy 1 2 3 Established Offline Exclusive Brand Outlets Direct Online Portal Presence Inaugurated six own stores in Kolkata and Launched own D2C Ecommerce website Built a pan India presence through Jharkhand with more in pipeline to enhance brand recall 170 10k+ Distributors Retailers w
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, promoters Catering to a large customer have a strong expertise in the industry segment of ~365 m
Slide 26: 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 overall online 1.01 fashion order volumes in FY2021 0.68 0.58 Significantly High r
Slide 27: Financial Trend
Investor Presentation Q1 FY25 Financial Trend Iris Clothing Limited – Investor Presentation 22
Slide 28: 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 29: 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 30: 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