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Revenue
₹60.4 Cr
verification pending
Revenue YoY
34.1%
reported change
EBITDA
₹11 Cr
latest reported figure
Source
manual review required
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Iris Clothings delivered a strong Q4 FY26 with revenue of ₹60.4 crore (+34.1% YoY) and PAT of ₹6.43 crore (+43.5% YoY), driven by distributor network expansion and brand acceptance. EBITDA margin improved to 18.2% in Q4, though full-year margin compressed to 15.4% due to new value categories and D2C launch costs. Management guided for 30-35% revenue growth in FY27, targeting EBITDA margins of ~18%. The new greenfield facility (₹50 crore capex) is expected to add ₹300 crore revenue at full utilization. Risks include margin pressure from competitive pricing and D2C investments, and execution delays in EBO expansion.
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Guidance to track
- Management expects revenue growth of 30-35% in FY27, driven by distribution expansion and new categories.
- Management targets EBITDA margin of around 18% for FY27, improving from FY26's 15.4%.
- The greenfield facility with ₹50 crore capex is expected to generate additional ₹300 crore revenue once fully operational.
- Digital platforms expected to contribute 10% of revenue in FY27, rising to 20-25% in FY28.
Risks flagged
- EBITDA margin declined to 15.4% in FY26 due to entry into value categories and D2C launch costs; further pressure expected until D2C scales.
- EBO expansion has been delayed; management is still exploring locations and funding, with no concrete timeline.
- Management is undecided on funding the ₹50 crore capex and D2C marketing; internal accruals may be insufficient given low cash balance.
- Rising raw material prices could impact profitability; management has not hedged and is monitoring the situation.
Key quotes
- FY26 has been a transformational year for the company as we continued our evolution from a garment manufacturing company into a fast growing branded kitchenware player.
- We expect margin profile to slightly improve to somewhere around 18% that is our target.
- We are very very positive that the direction that we are going as a company is a very high growth and a big big opportunity for someone like us.
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