Iris Clothings doubling capacity in next 2 years

Iris clothing reported 26% revenue and 53% PAT growth in Q1FY27. The are well established brand name Doreme with PAN India presence. They also have vision 2030 in which they want to have 300+ established brand outlets. In Q1 , They expanded to quick commerce with big basket, They commissioned an in-house embroidery factory with advanced Japanese machinery. They launched new born gift set. And they board approved acquisition of 51% stake of Infinia. They are also planning to expand to new markets like Bangalore, Chennai, Hyderabad, UP in a cluster based model, Capex:- 50cr greenfield expansion operational by end of FY28. For now, brownfield expansion and expect capacity growth 20% to 25% and around 35% revenue growth. Disclaimer: educational content only. No buy/sell recommendations.