Raymond Lifestyle Q1, FY26 revenue rises by 18% to Rs 1,475 crore

08 August 2025, Mumbai 

An Indian retailer of fabric and fashion products, Raymond Lifestyle registered an 18 per cent Y-o-Y growth in revenue to Rs 1,475 crore during Q1, FY26, despite this being the seasonally weakest quarter. This strong performance was primarily driven by robust growth in the branded textile and branded apparel segments.

The company’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) improved by 36 per cent Y-o-Y to Rs 122 crore, with margins improving to 8.2 per cent from 7.1 per cent during the quarter. This was achieved due to higher sales, an improved product mix, and operational leverage. Pre-tax profit (PBT) before exceptional items improved from Rs 32 crore loss reported in the corresponding period last year to a loss of Rs 25 crore this year.

Revenues from the company’s branded textile segment increased by 27 per cent Y-o-Y to Rs 716 crore, thanks to strong volume growth and an increase in wedding dates. EBITDA for this segment nearly doubled to Rs 103 crore, and margins improved significantly to 14.3 per cent from 9.6 per cent.

Revenues from the branded apparel segment grew by 22 per cent Y-o-Y to Rs 370 crore, with all brands and channels showing growth. The segment's EBITDA rose to Rs 19 crore, and margins improved to 5 per cent from 4.9 per cent.

Revenues from the garmenting section declined to Rs 197 crore from Rs 252 crore. This decline was attributed to uncertainties related to US tariff announcements. As a result, the EBITDA margin for this segment fell to -3.9 per cent from 3.5 per cent, due to a decrease in scale.

Raymond Lifestyle continued its strategy of optimizing its retail network by closing under-performing stores. As of June 30, 2025, the company had 1,675 stores, an increase from 1,540 last year. The company expects the newly opened stores to mature over time.

Gautam Hari Singhania, Executive Chairman, Raymond Lifestyle, states, driven by signs of demand recovery across key lifestyle segments, the company reported improved quarterly performance. While being optimistic, it maintains a cautious stance due to global macroeconomic uncertainties.

Raymond Lifestyle continues to monitor key developments, including the opportunities presented by the UK-India Free Trade Agreement and the challenges posed by US Tariffs. Combined with these evolving market dynamics, the company’s agile strategies position it well to deliver sustained value to stakeholders.

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