13 May, Mumbai 2025
As against a profit of Rs 236 crore in the corresponding quarter last year, Raymond Lifestyle registered a net loss of Rs 45 crore in Q4, FY25 as demand for the brand’s products declined while operational expenses rose.
Impacted by high inflation, subdued consumer demand, and a ransomware attack that resulted in temporary system outages and supply chain delays, the company’s consolidated revenues from operations declined by 11 per cent to Rs 1,494 crore from Rs 1,685 crore in the year-ago quarter. For the full FY25, the company’s revenue declined to Rs 6,177 crore as against Rs 6,535 crore in FY24.
For the full FY25, Raymond Lifestyle posted total income of Rs 6,360 crore, with EBITDA rising to Rs 651 crore, However, the company’s EBITDA margins declined by 10.2 per cent, as against the previous year. The company cited prolonged heatwaves, general elections, and fewer wedding dates as macro headwinds impacting sales across channels.
Despite these challenges, the brand opened 170 new stores in FY25, taking its retail footprint to 1,688 stores, including 152 Ethnix outlets. The company is optimistic about FY26 as early signs of demand recovery are visible in April, says Gautam Singhania, Executive Chairman.
The company’s revenue from the Branded Textile Division declined by 21 per cent Y-o-Y to Rs 727 crore in Q4; EBITDA margin contracted to 7 per cent from 21.8 per cent due to demand softness and operational disruption.
Raymond Lifestyle’s revenue from the Branded Apparel Division declined to Rs 391 crore vs Rs 409 crore Y-o-Y. Its EBITDA margin contracted to 0.4 per cent from 13.5 per cent amid retail expansion costs and adverse channel mix.
Raymond Lifestyle ended FY25 as a net cash surplus company with Rs 90 crore in cash. The company expects the India-UK FTA to open new export opportunities and support its long-term growth ambitions in global value chains.
