Iris Doreme posts Rs 4.01 cr standalone profit in Q1FY27
Operating margin was 28.08%, while management cited macro pressure and plans for franchise expansion after FY26.
Filed 27 Jul 2026, 11:18 IST · IRISDOREME (IRISDOREME)
Key takeaways
- Iris Doreme generated standalone operating profit of Rs 13.26 cr at a 28.08% margin on revenue of Rs 47.24 cr in Q1FY27.
- Standalone net profit was Rs 4.01 cr, while other income was only Rs 0.05 cr, indicating earnings were not materially dependent on non-operating income.
- Management said the textile and apparel market had faced macro-headwinds and outlined a COCO-store strategy of around 80 stores.
Q1FY27 earnings were led by operating profit
Iris Doreme reported standalone revenue of Rs 47.24 cr and operating profit of Rs 13.26 cr in Q1FY27. Profit before tax was Rs 5.38 cr and net profit was Rs 4.01 cr, with EPS at Rs 0.21. Other income of Rs 0.05 cr was small, so the reported profit was not materially supported by non-operating income.
28.08% operating margin is the main operating read-through
The company reported a 28.08% standalone operating margin, with expenses at Rs 33.97 cr. Interest was Rs 0.88 cr and depreciation was Rs 1.84 cr, while the tax rate was 25.46%. Without a sequential or year-on-year comparison, the quarter establishes the current profitability base rather than a margin direction.
Management points to macro pressure and a store-led expansion plan
Management said the textile and apparel market had been affected by macro-headwinds and expected the market to recover after that disruption. The company said it plans to launch franchise stores after FY26, while continuing with the company-owned, company-operated model for a couple of years or around 80 stores. The presentation also said FAMA approval for Disney products could support export opportunities and collaborations with recognised brands.
Q1FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹47 cr |
| Other income | ₹0 cr |
| Expenses | ₹34 cr |
| Operating profit | ₹13 cr |
| Operating margin (%) | 28.08% |
| Interest | ₹1 cr |
| Depreciation | ₹2 cr |
| Profit before tax | ₹5 cr |
| Tax | ₹1 cr |
| Net profit | ₹4 cr |
| EPS (₹) | ₹0.21 |
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
Guidance & outlook
- The textile and apparel market is expected to recover after being hit by macro-headwinds.
- The company plans to launch franchise stores after FY26.
New initiatives
- The company received FAMA approval to manufacture Disney products, enabling export opportunities and collaborations with renowned brands.
- The company plans to operate company-owned, company-operated stores for a couple of years or around 80 stores.
Problems & risks
- The textile and apparel market has been affected by macro-headwinds.
What to watch
- Whether standalone operating margin remains around 28.08% in the next reported quarter.
- Whether other income remains limited relative to the current Rs 0.05 cr.
- Any reported progress on the stated plan for around 80 company-owned, company-operated stores and later franchise stores.