Intimation of Analyst/Investor Meet

Iris Clothings Limited

Event Type: Q1 FY27 Earnings Conference Call held on July 28, 2026.

Management Participants:

  • Mr. Harsh Vardhan Sarda – Business Head
  • Mr. Niraj Agarwal – Chief Financial Officer

Financial Performance Highlights for Q1 FY27:

  • Total Income: INR 47.2 crores (vs INR 37.4 crores in Q1 FY26)
  • EBITDA: INR 8 crores, up 53% YoY (vs INR 5.3 crores in Q1 FY26)
  • EBITDA Margin: 17.12%
  • Profit After Tax: INR 4 crores, up 53% YoY (vs INR 2.63 crores in Q1 FY26)

Strategic Initiatives Announced:

  • Launched direct-to-consumer (D2C) platform to strengthen omnichannel strategy
  • Expanded into quick commerce through BigBasket in 4 cities with newborn gift set range
  • Commissioned state-of-the-art in-house embroidery facility with advanced Japanese machinery
  • Launched newborn gift set range across retail stores, digital platforms, and quick commerce
  • Board approved proposed acquisition of 51% stake in Infinia (subject to shareholder and regulatory approvals)

Growth Outlook and Guidance:

  • Targeting 35% revenue growth for FY27
  • Planning cluster-based retail expansion in Hyderabad, Bangalore, and Chennai
  • Aiming for 100 COCO stores by FY30, with initial 20-25 stores on COCO model
  • E-commerce contribution expected to reach 10-11% of total revenue in FY27 (from 5% in FY26)

Regional Performance:

  • West India (Maharashtra, Gujarat, Rajasthan, Punjab) contributes ~40% of revenue
  • Focus on expanding in Uttar Pradesh and Northeastern states (Assam, Mizoram)

Infinia Acquisition Details:

  • Strategic entry into athleisure segment
  • Funding through internal accruals
  • Manufacturing and supply chain synergies expected
  • Target market alignment with existing customer base (25-45 age group)

Additional Business Information:

  • Licensing agreement with Disney contributing <5% of total sales (INR 5 crores in FY26)
  • Royalty rate of 12% on licensed products
  • Planning INR 50 crores greenfield facility in West Bengal with operational target by end of FY28
  • Expected incremental revenue of INR 300-500 crores from new facility over 2 years after commissioning

Compliance Statement:

The company indicated that financial performance documents were available to the stock exchange. No specific statement regarding unpublished price sensitive information (UPSI) was made in the provided transcript.

Additional Notes Section

The document represents a transcript of Q1 FY27 earnings conference call. No attachments were mentioned in the provided data. Financial data was disclosed during the call including quarterly results and strategic updates.