Shares of Iris Clothing moved closer to their 52-week high after Nippon Life India Asset Management picked up a sizeable stake in the textile company through a bulk deal.
According to NSE bulk-deal data, Nippon Life India Asset Management acquired 11.53 lakh shares of Iris Clothing on 27 August 2026, at an average price of ₹57.10 per share. The transaction has put the stock in focus and highlighted growing institutional interest in the company.
Earlier this month, Nippon India Equity Opportunities AIF had also acquired 15 lakh shares of Iris Clothing at an average price of ₹55 per share, according to NSE bulk-deal data.
The latest transaction by Nippon Life India Asset Management marks a separate investment and should not be confused with the earlier purchase. While Nippon Life India Asset Management is the asset management company, Nippon India Equity Opportunities AIF is a specific alternative investment fund managed under the broader Nippon India platform.
Iris Clothing Q1 Results
Iris Clothing Limited reported a strong improvement in its financial performance for the first quarter of FY27, with net profit rising to ₹401.24 lakh from ₹263.01 lakh in the corresponding quarter of the previous financial year.
Revenue from operations increased to ₹4,728.31 lakh in Q1FY27, compared with ₹3,742.59 lakh in Q1FY26. Total expenses during the quarter rose to ₹4,190.02 lakh, against ₹3,379.32 lakh a year earlier.
The company reported a tax expense of ₹137.05 lakh, compared with ₹100.26 lakh in the year-ago quarter. It also recorded other comprehensive income of ₹4.25 lakh, taking its total comprehensive income for Q1FY27 to ₹405.49 lakh.
In a key strategic development, the board of directors approved a proposal to acquire a 51% stake in Infinita Lifestyle Private Limited at its meeting held on 8 July 2026.
The proposed acquisition remains subject to shareholder approval and any other regulatory clearances required under applicable laws.
As of 30 June 2026, the company did not have any subsidiaries, associates, or joint ventures and therefore was not required to prepare consolidated financial statements.
