Raymond Lifestyle Limited announced its unaudited financial results for the quarter ended 30th June 2025. Raymond Lifestyle Limited reports a record Q1 performance, which is seasonally weakest quarter in the year with a total income of Rs. 1,475 Cr, a Y-o-Y growth of 18% mainly driven by improved performance in Branded Textile & Branded Apparel segment led by volume growth. EBITDA stood at ₹ 122 Cr in Q1 FY26 with an EBITDA margin of 8.2%, reflecting a growth of 36% Y-o-Y on account of higher sales, improved product mix and operating leverage.
Commenting on the performance, Gautam Hari Singhania, Executive Chairman of Raymond Lifestyle Limited said; “We are pleased to report improved quarterly performance, driven by signs of demand recovery across our key lifestyle segments. While we remain optimistic, we are also maintaining a cautious stance due to global macroeconomic uncertainties. We are closely monitoring key developments, including the opportunities presented by the UK-India Free Trade Agreement and the challenges posed by US Tariffs. Our agile strategies, combined with these evolving market dynamics, position us well to deliver sustained value to stakeholders.”
Q1 FY26 Segmental Performance (Post IND AS 116)
Branded Textile segment revenue grew significantly by 27% to Rs. 716 Cr in Q1 FY26 vs Rs. 565 Cr in Q1 FY25 mainly on account of robust volume growth, higher wedding dates and increased consumer awareness as compared to the previous year. Almost doubled EBITDA to Rs. 103 Cr in Q1 FY26 as compared to Rs. 54 Cr in Q1FY25, with EBITDA margins of 14.3% in Q1 FY26 vs 9.6% in Q1 FY25 on account of improved product mix and volume growth.
Branded Apparel segment revenue stood at Rs. 370 Cr in Q1 FY26 as compared to Rs. 303 Cr in the same quarter last year, reflecting a growth of 22% Y-o-Y. The growth was witnessed across all brands and key channels such as EBO’s, MBO’s and online. The segment reported an EBITDA of Rs. 19 Cr in Q1 FY26 as compared to Rs. 15 Cr in Q1FY25 with an EBITDA margin of 5.0% in Q1 FY26 vs 4.9% in Q1 FY25, on account of operational efficiencies and improved visibility due to increased marketing spends.
Our focus on operational efficiency led to retail network optimization as we exited under-performing stores this quarter. We will continue this optimization drive in the coming quarters to ensure our retail footprint aligns with long-term growth and profitability objectives.
As on June 30, 2025, our store count was 1,675 stores vs. 1540 stores PY. The recently opened stores are expected to take some more time to reach full maturity.
Garmenting segment reported revenue at Rs. 197 Cr in Q1 FY26 as compared to Rs. 252 Cr in the same quarter previous year, impacted by uncertainty on account of US Tariffs Announcements. EBITDA margin for the quarter was (3.9%) in Q1 FY26 vs 3.5% in Q1 FY25, impacted on account of scale deleverage.
High Value Cotton Shirting segment reported revenue of Rs. 205 Cr in Q1 FY26 as compared to Rs. 186 Cr in Q1 FY25, a 10% Y-o-Y growth on account of strong demand from our B2B customers for our cotton and linen fabric offerings. The segment reported an EBITDA of Rs. 20 Cr in Q1 FY26 as compared to Rs. 10 Cr in Q1 FY25, with an EBITDA margin of 9.5% in Q1 FY26 vs 5.6% in Q1 FY25. This growth was predominantly on account of higher sales and improved product mix.
Raymond Lifestyle Limited has a net-debt position of Rs. 55 Cr in Q1 FY26, as we are building the inventory for the upcoming festive and wedding season.
