Iris Clothings Ltd

Q1 FY26Textiles & Apparels

Iris Clothings Q1 FY26 earnings call: Revenue & Margins

Q1 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹57

Market cap₹1.1K Cr

P/E62.8

Updated23 Aug 2026

Read4 min read

The short version

Iris Clothings expects revenue growth of around 50% for FY '26, consistent with previous guidance. Revenue growth expected at around 50% for FY '26.

From Iris Clothings Ltd's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Iris Clothings expects revenue growth of around 50% for FY '26, consistent with previous guidance.
Production capacity is planned to increase to 38,000 pieces per day, supporting volume growth.
Expansion of product categories including new innerwear lines, enhanced sportswear offerings, travel wear, and infant wear collections is underway to drive sales.
The company aims to increase its distributor network from 194 to approximately 205 by year-end, boosting market reach.
Export sales are expected to grow from 4% to around 5-6% of total revenue in the next year.
E-commerce contribution is around 8%, with plans to develop the company’s own website to increase digital sales in the future.

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Profitability & Margins

Revenue growth expected at around 50% for FY '26.
EBITDA margins anticipated to stabilize at approximately 19% to 20% from Q2 FY '26 onwards.
Profit after tax (PAT) grew by 8.7% in Q1 FY '26, indicating positive earnings momentum.
Plans to expand production capacity to 38,000 pieces per day with ~80% capacity utilization maintained.
Expansion includes launching new innerwear and enhanced sportswear collections, plus adding product categories like infant wear.
Targeting to increase distributors from 194 to around 205 by year-end, supporting growth.
Export revenue expected to rise from 4% to 5-6% of total revenue over the next year.

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Capital Expenditure Plans

Current capex planned is around INR 7 to 8 crores for new additions, expected to be operational within this year (next few months).
Additional capex is allocated to expand production capacity by adding 4,000 pieces per day incrementally, without large-scale idle capacity.
Investments are focused on growth initiatives including:
Expanding product categories (infant wear, travel wear, sportswear).
Upgrading production technology by adding embroidery and printing machines.
Enhancing working capital and general corporate purposes such as expanding the team and new initiatives (e.g., EBO expansion, B2C market growth).

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Top-ranked in Textiles & Apparels

Ranked on what management guided this quarter

Guidance-ranked

1Virat Industries₹560 Cr

Rev 1Mar 1

2Purple United₹421 Cr

Rev 1Mar 3

3₹751 Cr

Rev 2Mar 1

4₹305 Cr

Rev 2Mar 1

5₹2.8K Cr

Rev 2Mar 2

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

The company recently raised capital through a rights issue totaling INR 47.5 crores (completed as of Q1 FY '26).
The raised capital is being allocated strategically to support growth initiatives such as working capital requirements, expansion of team, new initiatives like EBOs (Exclusive Brand Outlets), B2C expansion, and capex for embroidery and printing machines.
No mention of any current or planned future fundraising through additional debt or equity beyond this rights issue during the call.
Management indicates the current capital allocation is aimed at growth and operational enhancements rather than further fundraising.

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Order Book & Pipeline

The document does not explicitly mention the current or expected order book or pending orders for Iris Clothings Limited. However, some relevant points indicating future outlook and capacity include: - The company plans to expand production capacity to 38,000 pieces per day with around 80% capacity utilization. - They have added 8 new distributors in the quarter, increasing total distributors to 194, aiming for 205 by year-end. - Revenue is expected to grow around 50% in FY '26. - New product launches include innerwear, sportswear, travel wear, and expansion in infant wear.

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Iris Clothings Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024Q3 FY25

Mar 2025Q4 FY25

Jun 2025Q1 FY26

Sep 2025Q2 FY26

Dec 2025Q3 FY26

Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹60 Cr, net profit ₹6 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Iris Clothings's management said in earlier quarters

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Frequently Asked Questions

What were Iris Clothings Ltd Q1 FY26 results?

Iris Clothings expects revenue growth of around 50% for FY '26, consistent with previous guidance. Revenue growth expected at around 50% for FY '26.

What is Iris Clothings Ltd share price analysis?

Iris Clothings Ltd currently shows a neutral. The stock trades at a P/E of 62.8 with a market cap of ₹1,103 Cr. Investors should review the full earnings analysis for detailed insights.

Is Iris Clothings Ltd planning capital expenditure?

Current capex planned is around INR 7 to 8 crores for new additions, expected to be operational within this year (next few months).

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.

Revenue & Sales Performance

Profitability & Margins

Capital Expenditure Plans

Top-ranked in Textiles & Apparels

Fundraising & Capital Structure

Order Book & Pipeline

Iris Clothings Ltd — Quarterly revenue & net profit

Continue your research

What Iris Clothings's management said in earlier quarters

Others in Textiles & Apparels this season

Iris Clothings Ltd and 15K+ more earnings calls,for less than your morning chai

Frequently Asked Questions

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