Kolkata/Howrah-based manufacturer and retailer of kidswear under the DOREME brand, sold via distributors, exclusive brand outlets and e-commerce (B2B and D2C) across India and export markets.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 62.2 | +40.3% YoY | Quarterly, as filed | Quarter to Sept 2026 | Revenue from operations as filed. |
| Operating margin | 15.1 | −0.7 pts YoY | Operating profit / revenue | Quarter to Sept 2026 | For the quarter; a change is in percentage points. |
| Net profit | 5.1 | +23.3% YoY | Quarterly, as filed | Quarter to Sept 2026 | Profit after tax as filed. |
| Return on equity | 10.13 | −2.9 pts | Trailing twelve months | TTM to Sept 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -11.43 | −12.9 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 40.73 | +10.6 pts | Trailing twelve months | TTM to Sept 2026 | Revenue change against the same period one year earlier. |
Guidance
3 of 5 judged targets kept · 12 open · verdicts reflect calls analysed to Q1 FY27.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| New EBO Rollout FY27 | Add around 8 to 10 stores | Q4 FY26 | Strategy significantly expanded to opening 20-25 COCO stores initially and scaling to 100 EBOs in the next couple of years. | Revised Up |
| FY26 Revenue Growth | 30%-35% growth in revenue this year (INR 200-210 cr) | Q4 FY25 | Achieved 30.51% growth (INR 190.8 cr), meeting the percentage target but missing the absolute revenue target of INR 200-210 cr. | Achieved* |
| FY26 EBITDA Margin | 19% to 20% level from Q2 FY26 onwards | Q1 FY26 | Q4 margin was 18.2%, missing the 19-20% target. Full year FY26 margin was 15.4%, a significant miss on all guided levels. | Missed |
2 of Iris Clothings Limited's 17 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 14 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: ₹33.95 on 24 Oct 2025 → ₹56.87. High ₹66.26 (23 Sept 2026), low ₹27.83 (23 Mar 2026).
Overview
Based on the company's own presentations, annual report and earnings calls.
Iris Clothings Limited designs, manufactures, brands and sells kids' apparel (infants through junior boys and girls) under its DOREME brand, covering summer wear, winter wear, sportswear, loungewear, nightwear and innerwear. It runs its own manufacturing units in Howrah, West Bengal and sells through a pan-India distributor network, its own Exclusive Brand Outlets (EBOs), e-commerce B2B and a direct-to-consumer online platform (doreme.in), alongside exports. The company also holds a licensing agreement with Disney to design and sell apparel featuring Disney and Marvel characters.
Segments
close before → close after
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Guidance
3 of 5 judged targets kept · 12 open · verdicts reflect calls analysed to Q1 FY27.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| New EBO Rollout FY27 | Add around 8 to 10 stores | Q4 FY26 | Strategy significantly expanded to opening 20-25 COCO stores initially and scaling to 100 EBOs in the next couple of years. | Revised Up |
| FY26 Revenue Growth | 30%-35% growth in revenue this year (INR 200-210 cr) | Q4 FY25 | Achieved 30.51% growth (INR 190.8 cr), meeting the percentage target but missing the absolute revenue target of INR 200-210 cr. | Achieved* |
| FY26 EBITDA Margin | 19% to 20% level from Q2 FY26 onwards | Q1 FY26 | Q4 margin was 18.2%, missing the 19-20% target. Full year FY26 margin was 15.4%, a significant miss on all guided levels. | Missed |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 17 tracked commitments, with each call’s wording and source.
Call summaries
Iris Clothings Limited Q1 FY27
Iris Clothings Limited reported a strong Q1 FY27, with net profit and EBITDA growing over 50% year-on-year, supported by a 26.2% increase in total income. The quarter was marked by significant strategic progress including the launch of a D2C platform, expansion into quick commerce, and the proposed acquisition of a 51% stake in Infinia to enter the athleisure segment and diversify its apparel business.
Read the full callIris Clothings Q4 FY26
Iris Clothings reported strong revenue growth in Q4 and FY26, driven by distributor network expansion and the launch of its D2C platform. While full-year profitability saw some compression due to strategic investments and competitive pricing, Q4 showed improved EBITDA margins. The company is focused on omni-channel growth, targeting significant revenue expansion and margin improvement in the coming years, though funding for these initiatives is still being evaluated.
Read the full callIris Clothings Q3 FY26
Iris Clothings reported strong Q3 FY26 results with a 46% YoY revenue increase to ₹48.7 crores, driven by product and distribution enhancements. Despite a temporary dip in EBITDA margins to 6% due to new product outsourcing and marketing expenses, the company anticipates a strong Q4 and a return to 18-19% margins. Strategic initiatives include expanding production capacity, growing the EBO network, and enhancing the D2C segment, with a revenue growth target of 40-45% for FY27.
Read the full callEvery analysed call
Fundamentals
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
Net profit, year on year: +23% (quarter to sept 2026 against sept 2025).
| Line item | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 33 | 40 | 37 | 44 | 49 | 60 | 47 | 62 |
| Expenses | 27 | 32 | 32 | 37 | 43 | 50 | 39 | 53 |
| Operating profit | 6 | 8 | 5 | 7 | 6 | 11 | 8 | 9 |
| Operating margin | 18.1% | 20.2% | 14.1% | 15.9% | 12.4% | 17.9% | 17.0% | 15.1% |
| Other income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 |
| Depreciation | 2 | 1 | 1 | 1 | 1 | 1 | 2 | 2 |
| Profit before tax | 3 | 6 | 4 | 5 | 4 | 9 | 5 | 7 |
| Tax rate | 25.2% | 26.8% | 27.6% | 24.5% | 27.4% | 27.4% | 25.5% | 23.6% |
| Net profit | 2 | 4 | 3 | 4 | 3 | 6 | 4 | 5 |
| EPS (₹ per share) | 0.12 | 0.24 | 0.14 | 0.22 | 0.16 | 0.34 | 0.21 | 0.27 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 113 | 122 | 146 | 191 |
| Expenses | 94 | 96 | 118 | 162 |
| Operating profit | 19 | 26 | 28 | 29 |
| Other income | 0 | 0 | 0 | 0 |
| Interest | 3 | 4 | 4 | 3 |
| Depreciation | 5 | 6 | 6 | 5 |
| Profit before tax | 11 | 17 | 18 | 22 |
| Net profit | 8 | 12 | 13 | 16 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 | Sept 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 16 | 16 | 16 | 38 | 38 | 40 |
| Reserves | 41 | 53 | 66 | 94 | 104 | 143 |
| Borrowings | 35 | 44 | 50 | 27 | 34 | 55 |
| Other liabilities | 17 | 20 | 24 | 21 | 28 | 32 |
| Total liabilities | 109 | 133 | 157 | 180 | 204 | 270 |
| Fixed assets | 27 | 28 | 27 | 30 | 33 | 38 |
| Capital work in progress | 0 | 0 | 0 | 0 | 7 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 82 | 105 | 130 | 150 | 164 | 231 |
| Total assets | 109 | 133 | 157 | 180 | 204 | 270 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 9 | 1 | 2 | 2 | 3 | -7 |
| Cash from investing | -2 | -4 | -1 | -3 | 0 | -14 |
| Cash from financing | -7 | 4 | -1 | 1 | -3 | 21 |
| Net cash flow | 0 | 0 | 0 | 0 | 0 | 0 |
| Free cash flow | 6 | -4 | 1 | -1 | 2 | -21 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 62 | 79 | 102 | 110 | 134 | 140 |
| Inventory days | 189 | 213 | 266 | 392 | 332 | 244 |
| Days payable | 63 | 68 | 99 | 122 | 103 | 79 |
| Cash conversion cycle | 189 | 224 | 269 | 380 | 363 | 305 |
| Working capital days | 49 | 70 | 106 | 140 | 160 | 209 |
| Return on capital employed | 18.0% | 22.0% | 16.0% | 20.0% | 18.0% | 16.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Ownership
Promoters hold 58.79% as of Sept 2026; institutions added 1.95 pts since Jun 2026.
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
The same filing shows 13 holders trimming and 0 off the list — both are in the register beside this.
Named in the Sep 2026 filing
Every holder of Iris Clothings Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 39.50% | −1.60 pp | |
| 6.65% | −0.27 pp | |
| 4.89% | −0.62 pp | |
| 3.68% | −0.14 pp | |
| 3.37% | −0.13 pp | |
| 3.29% | −0.14 pp | |
| 2.42% | newly disclosed | |
| 2.21% | −0.09 pp | |
| 1.97% | newly disclosed | |
| 1.94% | −0.08 pp | |
| 1.72% | −0.54 pp | |
| 1.66% | −0.07 pp |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Your own record
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