Iris Clothings Limited announces Q1 Results, EBITDA & PAT grew by 49% and 76% YoY respectively Highest margin in last two years

New Delhi (India), July 25: Iris Clothings Limited (NSE: IRISDOREME), a readymade garment company engaged in designing,manufacturing, branding, and selling garments for kids wear, announcedtheir financial results for the First quarter ended June 30, 2023.

Commenting on the Company’s performance Santosh Ladha, Managing Director of the Company said “We started this quarter with the launch of our Disney designed summer wear collection. This was further followed by Facility and Merchandise Authorization (FAMA) issuing a license to our Uluberia facility to manufacture and distribute products bearing the intellectual property of Disney. Given our exceptional manufacturing capabilities, we will now be able to manufacture Disney designed products for other garment companies as well. We consider our partnership with Disney and obtaining the FAMA license to be significant milestones in our journey to grow this business and strengthen our brand. However, our current focus will remain towards manufacturing Disney designed apparels to grow our own brand and scale it up significantly going forward.

While we continued to expand our presence in Maharashtra and Tamil Nadu by adding five new distributors in these states, we are also planning to open a few Exclusive Brand Outlets (EBOs) in prime locations across India to showcase our comprehensive collection.