Iris Clothings Quick Commerce Push Lifts Stock to Near High

For the financial year ending March 2026, Iris reported total income of ₹1,909 million, EBITDA of ₹294 million, and net profit of ₹162 million. The stock trades at a price-to-earnings multiple of 46.91, a level that assumes high growth from current earnings.

The company operates seven factories and two warehouses. It reaches more than 140 distributors across 26 states. The DOREME brand is its primary label.

Over the past 12 months, the stock has gained 31.59%, sharply outperforming the Nifty 50 which fell 3.81% in the same period. The three-year return is minus 80.28% and the five-year return is minus 30.23%. Investors who bought at the 2021 highs are still underwater despite the recent rally.

The quick commerce partnership will test whether the company can convert its brand presence into higher-volume sales in a channel where margins are typically compressed by delivery costs and platform fees. Iris did not disclose the revenue contribution it expects from the new distribution route.