Iris Clothings Ltd. · NSE:IRISDOREME
Iris Clothings — Q4 FY2023 Earnings Presentation
40 slides from Iris Clothings's earnings presentation, May 4, 2023
Slide 1: Outcome of Board Meeting letter to NSE
Date: 4th May, 2023 To 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 4'» May, 2023 Ref: Disclosure under regulation 33 of Securities and
Slide 2: Independent Auditor's Report
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Slide 3: Management's and Auditor's Responsibilities
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Slide 4: Auditor's Report (continued)
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Slide 5: Other Matters
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Slide 6: Statement of Audited Financial Results
© Gaeee ome IRIS CLOTHINGS LIMITED Registered Office : 103/24/1, FORESHORE ROAD, HOWRAH - 711 102 CIN : L18109WB2011PLC166895 Statement of Audited Financial Results For The Quarter and Year Ended 31st March, 2023 Rupees in Lakh QUARTER ENDED YEAR ENDED SI No} PARTICULARS 31-Mar-23 31-Dec-22 31-Mar-2
Slide 7: Statement of Assets and Liabilities
SF CRE BLE IRIS CLOTHINGS LIMITED Registered Office : 103/24/1, FORESHORE ROAD, HOWRAH - 711 102 CIN : L18109WB2011PLC166895 Statement of Assets and Liabilities as at 31st March, 2023 (Rupees in lakhs) As at As at Particulars 31.03.2023 31.03.2022 Audited Audited ASSETS : Non-current Assets Property
Slide 8: Statement of Cash Flow
IRIS CLOTHINGS LIMITED | eaEESE Ces Registered Office : 103/24/1, FORESHORE ROAD, HOWRAH - 711 102 CIN : L18109WB2011PLC166895 Statement of Cash Flow for the Year Ended 31st March, 2023 (Rupees in lakhs) Year ended Year ended 31-03-2023 31-03-2022 PARTICULARS Audited Audited CASH FLOW FROM OPERATING
Slide 9: Declaration for Unmodified Audit Opinion
Date: 4! May, 2023 To 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: Declaration for Audit Report with Unmodified Opinion for the Financial Year ended on 31st March, 2023 R
Slide 10: Declaration by MD and CFO
Date: 4'h May, 2023 To 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: Declaration by Managing Director and Chief Financial Officer of the Company Ref: Regulation 33(2)(a) o
Slide 11: Earnings Release Q4 FY2023
EARNINGS RELEASE Q4 FY 2023 Iris Clothings announced its Q4 & FY23 Results Q4FY23 revenue at Rs. 376 Million, up 14.8% YoY; EBITDA margin stood at 14% Howrah, India, May 04, 2023 – Iris Clothings Limited (NSE: IRISDOREME), a readymade garment company engaged in designing, manufacturing, branding, an
Slide 12: Financial Highlights
EARNINGS RELEASE Q4 FY 2023 Financial Highlights Q4FY23 • Total Income stood at ₹376.3 Mn in Q4FY23, up 14.8% YoY and 84.6% QoQ driven by pick-up in demand. • EBITDA margin was down 182.9 bps YoY and stood at 14.1% in Q4FY23 due to impact of high raw material costs. • PAT margin stood at 5.9%, again
Slide 13: Contact and Disclaimer
EARNINGS RELEASE Q4 FY 2023 Santosh Ladha Foreshore Road, Iris Clothings Limited Howrah - 711 102 P: +91 33 2979 0289 E: santosh.ladha@irisclothings.in Sonia Keswani/Vikash Verma Ernst & Young LLP P: +91 8017393854 E: sonia.keswani@in.ey.com E: vikash.verma1@in.ey.com Disclaimer: Certain statements
Slide 14: Investor Presentation Q4 & FY 2023
Investor Presentation Q4 & FY 2023 Iris Clothing Limited – Investor Presentation 1
Slide 15: Financial Highlights
Investor Presentation Q4 & FY 2023 Financial Highlights Iris Clothing Limited – Investor Presentation 2
Slide 16: 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 17: 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 18: Exhibitions & Conferences
Exhibitions & Conferences CMAI National Garment Fair, January 2023 Conference in Udaipur, January 2023 Iris Clothing Limited – Investor Presentation 5
Slide 19: 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 20: 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 21: 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 22: 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 23: About the Company
Investor Presentation Q4 & FY 2023 About the Company Iris Clothing Limited – Investor Presentation 10
Slide 24: 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 25: 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 26: 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 27: Market Opportunity
Investor Presentation Q4 & FY 2023 Market Opportunity Iris Clothing Limited – Investor Presentation 14
Slide 28: 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 29: 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 30: Our Value System
Investor Presentation Q4 & FY 2023 Our Value System Iris Clothing Limited – Investor Presentation 17
Slide 31: 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 32: 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 33: 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 34: 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 35: 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 36: 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 37: Investment Rationale
Investor Presentation Q4 & FY 2023 Investment Rationale Iris Clothing Limited – Investor Presentation 24
Slide 38: 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 39: 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 40: 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…