IRIS CLOTHINGS LIMITED

Designs, manufactures and sells branded kidswear under the DOREME label, transitioning in FY26 from a contract garment maker to a branded apparel player. Sales run through a B2B distributor network across 26 states, a small base of exclusive brand outlets, a direct-to-consumer website launched in Q4 FY26, and quick-commerce tie-ups including BigBasket in four cities. The range covers woven garments and infant wear, with an in-house Japanese embroidery facility commissioned and a newborn gift-set line launched in 2026. The company is acquiring a 51% stake in Infinia Lifestyle, an athleisure brand that posted turnover of about ₹30.31 cr in FY26, for a combined cash and share-swap consideration of ₹57.12 cr, marking entry into men's and women's athleisure alongside kidswear. A 2 lakh sq ft greenfield plant in Vasundhara is being planned at ₹50 cr capex to support growth, targeted to be operational by end-FY28. The biggest cost is materials at 32.1% of revenue in FY26, followed by employees at 13.4%; capex ran at 8.8% of revenue.