The record
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- Iris Clothings, a readymade garment company, reported a 53 per cent rise in June-quarter net profit at Rs 4 crore, with income up 26 per cent to Rs 47 crore, driven by strong demand.
- EBITDA also rose 53 per cent to Rs 8 crore.
- The company's shares rose one per cent to Rs 49 following the results.
- Management said growth came from entering direct-to-consumer sales, expanding in quick commerce, adding an in-house embroidery facility, and a proposed investment in Infinia to enter the athleisure segment.
What to watch next
- Progress of the proposed investment in Infinia and entry into athleisure
- Execution of the omnichannel and quick-commerce expansion strategy
- Whether the in-house embroidery facility helps margins in coming quarters
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Named India · Iris Clothings · Santosh Ladha
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