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Raymond Realty Launches Ten X District 9 in Thane with ₹2,000 Crore Revenue Potential
Raymond Realty has launched 'Ten X District 9,' a 9-acre residential project in Thane with an estimated revenue potential of ₹2,000 crores. The development features 2-bedroom residences ranging from 600 to 820 sq. ft. and includes a significant 45,000 sq. ft. retail boulevard named 'Park Street.' This project is part of the company's larger strategy to capitalize on its 100-acre land bank in Thane, supported by upcoming infrastructure like Metro Lines 4, 4A, and 5. The launch reinforces Raymond Realty's position as a top-10 player in the Indian real estate market with a total estimated GDV of ₹400 billion.
Key Highlights
Estimated revenue potential of ₹2,000 crores from the new 9-acre residential development.
Project includes over 5 acres of landscaped open spaces and 75+ lifestyle amenities.
Features 'Park Street', a ~45,000 sq. ft. high-street retail boulevard and two 15,000 sq. ft. clubhouses.
Strategic location 0.5 km from Eastern Express Highway and proximity to upcoming Thane-Borivali tunnel.
Project is RERA approved and aligned with Indian Green Building Council (IGBC) sustainability standards.
💼 Action for Investors
Investors should track the booking momentum and sales velocity of this project as it is a key contributor to the company's revenue visibility. The successful monetization of the Thane land bank remains a primary catalyst for the stock's long-term performance.
Raymond Realty signs 7th JDA in Mumbai with Rs 3,000 Crore GDV potential
Raymond Realty has secured its 7th Joint Development Agreement (JDA) for a residential project in Kandivali, Mumbai, with an estimated Gross Development Value (GDV) of Rs 3,000 crore. This project marks the company's third redevelopment venture in the Western Suburbs, reinforcing its asset-light expansion strategy. Following this addition, the company's total project GDV is now estimated to reach approximately Rs 43,000 crore. The move demonstrates the company's focus on scaling its portfolio in high-demand urban locations within the Mumbai Metropolitan Region.
Key Highlights
New residential project in Kandivali with an estimated GDV of Rs 3,000 crore.
Total Gross Development Value (GDV) of the company's portfolio rises to approximately Rs 43,000 crore.
Marks the 7th Joint Development project and 3rd redevelopment project in Mumbai's Western Suburbs.
Strategic expansion aligns with the company's goal of disciplined capital deployment and execution excellence.
💼 Action for Investors
Investors should view this as a strong growth signal for the company's real estate pipeline and asset-light model. Monitor the timeline for project launches and pre-sales performance to gauge future revenue realization.
Raymond Lifestyle Appoints HUL Veteran Kalpana Singh as Chief Marketing Officer
Raymond Lifestyle Limited has appointed Ms. Kalpana Singh as its Chief Marketing Officer, effective March 05, 2026. Ms. Singh is a seasoned professional with 20 years of experience in brand building and consumer insights, including an 18-year tenure at Hindustan Unilever Limited (HUL). Her previous roles include Marketing Director at HUL and regional leadership positions across the Middle East, Turkey, and North Africa. This appointment is expected to bolster the company's strategic marketing and brand positioning efforts in the lifestyle sector.
Key Highlights
Ms. Kalpana Singh appointed as Chief Marketing Officer (CMO) effective March 05, 2026
Brings 20 years of distinguished experience in brand building and category strategy
Spent 18 years at Hindustan Unilever Limited (HUL) in various senior leadership roles
Previously served as Marketing Director at HUL and Business Group Director for international regions
Will report directly to the Chief Executive Officer (CEO) as part of the Senior Management Personnel
💼 Action for Investors
Investors should view this as a positive move to strengthen the leadership team with top-tier FMCG talent. Monitor the impact of new marketing initiatives on brand growth and market share over the next few quarters.
Raymond Realty Shareholders Approve ESOP 2025 and Trust-Based Implementation
Raymond Realty Limited has successfully passed five special resolutions via postal ballot to implement the 'Raymond Realty Employees Stock Option Plan 2025'. The plan includes provisions for extending benefits to group company employees and implementing the scheme through an employee welfare trust. Shareholders also authorized the trust to conduct secondary acquisitions of shares and approved the company providing necessary funding to the trust. While the main ESOP resolution saw 99.71% approval, institutional investors showed significant resistance to extending the plan to group companies, with 61.81% of their votes cast against that specific resolution.
Key Highlights
ESOP 2025 approved with a total of 99.71% votes in favor across all shareholder categories.
Secondary acquisition of shares by the Employee Trust authorized with 96.61% majority support.
Institutional investors cast 61.81% of their votes against extending ESOPs to group company employees.
Total voting participation recorded at 55.23% of the 66,573,731 total shares held by 233,748 shareholders.
The company is authorized to provide financial assistance to the Trust for share acquisitions.
💼 Action for Investors
Investors should monitor the impact of secondary market share purchases by the Trust on stock liquidity and observe how ESOP costs affect future earnings. The high institutional dissent on group-level extensions suggests a need for closer scrutiny of corporate governance regarding cross-entity compensation.
Raymond Realty Q3 FY26 Booking Value Jumps 47% to ₹743 Cr; Targets 20% Annual Growth
Raymond Realty reported a robust Q3 FY26 with total income rising 56% YoY to ₹766 crores and booking value increasing 47% to ₹743 crores. The company is aggressively pivoting to an asset-light JDA model, aiming for JDAs to contribute 50% of pre-sales by FY28 compared to 22% in FY25. With a total revenue potential of ₹40,000 crores and a lean net debt of ₹230 crores, management remains confident in achieving 20% annual growth. Four major launches are planned for Q4 FY26, including high-margin retail and residential projects in Wadala and Sion.
Key Highlights
Q3 FY26 booking value surged 47% YoY to ₹743 crores, while total income grew 56% to ₹766 crores.
Maintains a lean balance sheet with a modest net debt of ₹230 crores as of December 31, 2025.
Total portfolio revenue potential stands at ₹40,000 crores, including ₹25,000 crores from Thane land and ₹14,000 crores from JDAs.
Aggressive Q4 FY26 launch pipeline includes 4 projects across Wadala, Sion, and Thane to drive volume and margins.
Strategic shift targeting 50% of annual pre-sales from the asset-light JDA model by FY28.
💼 Action for Investors
Investors should focus on the company's successful transition to an asset-light JDA model and its ability to maintain 13%+ EBITDA margins. The strong launch pipeline in Q4 and low leverage provide a positive outlook for sustained growth in the Mumbai real estate market.
Raymond Lifestyle Q3 FY26 Revenue Hits Record INR 1,883 Cr; EBITDA Up 23% YoY
Raymond Lifestyle reported its highest-ever quarterly revenue of INR 1,883 crores in Q3 FY26, driven by strong festive and wedding season demand. EBITDA grew 23% YoY to INR 271 crores, with margins expanding significantly to 14.4% from 12.3% in the previous year. The company maintains a robust balance sheet with net debt effectively at INR 15 crores and net cash of INR 155 crores. Management is successfully executing a premiumization strategy, evidenced by a INR 26 per meter increase in average selling prices.
Key Highlights
Record quarterly revenue of INR 1,883 crores with EBITDA margins expanding 210 bps to 14.4%
9M FY26 revenue grew 9% to INR 5,223 crores, while EBITDA rose 18% to INR 652 crores
Average selling price (ASP) increased by INR 26 per meter, reflecting successful product mix improvement
Strategic reduction in US market dependency from 50% to 35% to mitigate tariff uncertainties
Strong liquidity position with net cash of INR 155 crores and net debt of only INR 15 crores
💼 Action for Investors
Investors should take note of the record revenue and margin expansion as evidence of strong brand equity and operational efficiency. The proactive diversification of the export portfolio and low debt levels make it a resilient play in the lifestyle segment.
Raymond Q3 FY26 Revenue Rises 18% to ₹580 Cr; Aerospace Segment Surges 49%
Raymond Limited reported a robust Q3 FY26 with total income increasing 18% YoY to ₹580 crores and EBITDA margins expanding to 14.3% from 13.3%. The growth was primarily spearheaded by the Aerospace & Defense segment, which saw a 49% revenue jump to ₹105 crores, and the Precision Technology division, which grew 15%. The company maintains a strong financial position, remaining debt-free with a net cash surplus of ₹214 crores as of December 2025. Management is optimistic about future growth driven by a strong RFQ pipeline in aero engines and landing gears.
Key Highlights
Total income for Q3 FY26 grew 18% YoY to ₹580 crores with EBITDA rising to ₹83 crores.
Aerospace & Defense revenue surged 49% YoY to ₹105 crores with an 18.6% EBITDA margin.
Precision Technology & Auto Components revenue increased 15% YoY to ₹417 crores with EBITDA growing 51%.
Maintains a debt-free balance sheet with a net cash surplus of ₹214 crores as of December 31, 2025.
9M FY26 total income reached ₹1,699 crores, reflecting a 13% year-on-year growth.
💼 Action for Investors
Investors should focus on the rapid scaling of the high-margin Aerospace segment and the company's ability to secure long-term global contracts. The debt-free status and expansion into high-precision manufacturing make it a strong play on the 'China Plus One' strategy.
Raymond Realty Q3FY26: Total Income Surges 56% YoY to ₹766 Cr; Pre-sales Hit ₹743 Cr
Raymond Realty reported a robust 56% YoY increase in total income for Q3FY26, reaching ₹766 Cr, while 9MFY26 income grew 18% to ₹1,864 Cr. Quarterly pre-sales were strong at ₹743 Cr, driven by the launch of the 'Invictus by GS' project in BKC which received an overwhelming response. Despite the revenue jump, EBITDA margins contracted to 13% from 21% YoY, resulting in a slight 4% decline in Net Profit to ₹67 Cr. The company maintains a massive revenue potential of ₹40,000 Cr across its Thane land bank and expanding JDA portfolio in Mumbai.
Key Highlights
Total Income for Q3FY26 grew 56% YoY to ₹766 Cr, with 9MFY26 income at ₹1,864 Cr.
Achieved quarterly pre-sales of ₹743 Cr and customer collections of ₹427 Cr.
Launched new JDA project 'Invictus by GS' in BKC during Dec 2025, with 17% already sold.
Total potential revenue pipeline estimated at ₹40,000 Cr, including ₹25,000 Cr from Thane land.
Net debt remains low at ₹230 Cr with an estimated surplus cash flow of ₹4,135 Cr from launched projects.
💼 Action for Investors
Investors should monitor the successful execution of the JDA-led expansion strategy, which aims to contribute 50% of pre-sales by FY28. While revenue growth is strong, the focus should remain on margin recovery as high-value Mumbai projects reach advanced construction stages.
Raymond Realty Q3 FY26 PAT at ₹49.15 Cr; 9M Revenue Hits ₹1,068 Cr Post-Demerger
Raymond Realty Limited reported a standalone revenue of ₹364.5 crore and a net profit of ₹49.15 crore for the quarter ended December 31, 2025. For the nine-month period of FY26, the company achieved a total income of ₹1,138.6 crore and a profit after tax of ₹134.5 crore. These results represent the company's performance in its first year as a standalone listed entity following the demerger from Raymond Limited. The company maintained a healthy EPS of ₹7.38 for the quarter and ₹20.20 for the cumulative nine-month period.
Key Highlights
Q3 FY26 Revenue from operations stood at ₹36,449 Lakhs with a Total Income of ₹38,951 Lakhs.
Net Profit (PAT) for the quarter reached ₹4,915 Lakhs, resulting in an EPS of ₹7.38.
Cumulative 9M FY26 Revenue crossed the ₹1,000 crore milestone, totaling ₹1,06,816 Lakhs.
Profit Before Tax (PBT) for the nine-month period was ₹16,585 Lakhs, reflecting strong operational margins.
The company successfully transitioned to a standalone entity with a 1:1 share swap ratio effective from April 1, 2025.
💼 Action for Investors
Investors should view the steady profitability post-demerger as a positive sign of the company's ability to operate independently. Monitor upcoming project launches and pre-sales velocity as key drivers for future revenue recognition.
Raymond Realty Reports Q3 PAT of ₹49.15 Cr; 9M Revenue Crosses ₹1,068 Cr Post-Demerger
Raymond Realty Limited, following its demerger from Raymond Ltd, reported a standalone Profit After Tax (PAT) of ₹49.15 crore for the quarter ended December 31, 2025. Revenue from operations for Q3 stood at ₹364.49 crore, reflecting a slight sequential decline from ₹390.61 crore in Q2 FY26. For the nine-month period (9M FY26), the company achieved a total income of ₹1,138.61 crore and a PAT of ₹134.49 crore. As this is the first year of independent operations post-demerger, year-on-year comparisons are not fully applicable, but the company shows a steady profit margin of approximately 13.5% for the quarter.
Key Highlights
Revenue from operations for Q3 FY26 stood at ₹364.49 crore compared to ₹390.61 crore in the previous quarter.
Net Profit (PAT) for the quarter was ₹49.15 crore with a basic EPS of ₹7.38.
Nine-month (9M FY26) total income reached ₹1,138.61 crore with a cumulative PAT of ₹134.49 crore.
Profit Before Tax (PBT) for the quarter was ₹61.12 crore, maintaining healthy operational efficiency.
The company completed its capital reorganization with 6.65 crore equity shares allotted in a 1:1 ratio following the demerger.
💼 Action for Investors
Investors should focus on the company's ability to maintain sales momentum and project execution as an independent entity. While sequential revenue dipped slightly, the healthy 9M PAT of ₹134 crore provides a strong baseline for valuation in the real estate sector.
Raymond Lifestyle Q3FY26: EBITDA Grows 23% to ₹271 Cr; Domestic Demand Offsets Export Weakness
Raymond Lifestyle reported a 5% YoY increase in total income to ₹1,883 Cr for Q3FY26, driven by strong domestic performance in Branded Textiles which grew 11%. EBITDA saw a significant jump of 23% to ₹271 Cr, with margins expanding by 210 bps to 14.4% due to a better product mix and operating leverage. However, the Garmenting segment revenue fell 17% YoY to ₹258 Cr due to US tariff uncertainties and weak international order books. The company maintains a healthy balance sheet with net debt at just ₹15 Cr and a total retail footprint of 1,675 stores.
Key Highlights
Total Income grew 5% YoY to ₹1,883 Cr, while EBITDA rose 23% to ₹271 Cr in Q3FY26.
Branded Textile segment revenue increased 11% to ₹951 Cr with a robust 21.8% EBITDA margin.
Garmenting revenue declined 17% to ₹258 Cr due to global headwinds and US tariff uncertainty.
Retail network expanded to 1,675 stores with 21 new openings and 9 exits during the quarter.
Net Profit before exceptional items rose 54% to ₹100 Cr, though a ₹57 Cr labor code provision impacted final results.
💼 Action for Investors
Investors should focus on the strong margin expansion in the domestic textile business and monitor the recovery in the garmenting export segment. The company remains a solid play on the Indian wedding and festive consumption cycle with a very lean balance sheet.
Raymond Q3FY26 Total Income Up 18% to ₹580 Cr; Aerospace Revenue Surges 49% YoY
Raymond Limited reported a strong Q3FY26 with total income growing 18% YoY to ₹580 crore and EBITDA increasing 27% to ₹83 crore. The Aerospace & Defence segment was a standout performer, with revenue surging 49% YoY to ₹105 crore, driven by production ramp-ups at global OEMs. The Precision Technology & Auto Components segment also grew 15% YoY to ₹417 crore, supported by strong demand for hybrid products in Europe. The company remains net cash surplus with ₹580 crore as of December 31, 2025.
Key Highlights
Consolidated Total Income for Q3FY26 grew 18% YoY to ₹580 crore
Aerospace & Defence segment revenue increased by 49% YoY to ₹105 crore
Precision Technology & Auto Components revenue rose 15% YoY to ₹417 crore
PBT before exceptional items for Q3FY26 doubled to ₹24 crore from ₹12 crore YoY
Company maintains a strong net cash surplus of ₹580 crore
💼 Action for Investors
Investors should monitor the continued scaling of the high-margin Aerospace business, which is becoming a significant growth driver. The company's transition into a diversified engineering player and its net cash position provide a strong foundation for future expansion.
Raymond Q3 FY26 Results: Reports Standalone Net Loss of ₹324 Lakhs Post-Demergers
Raymond Limited reported a standalone net loss of ₹324 lakhs for Q3 FY26 from continuing operations, a significant shift from the ₹928 lakh profit in the previous year's corresponding quarter. The company's financial structure has been fundamentally altered following the demerger of its Lifestyle business in 2024 and the Realty business in May 2025. Revenue from continuing operations for the quarter stood at ₹1,819 lakhs, reflecting the smaller residual business base. These results primarily represent the engineering and tools segments and holding company functions rather than the legacy textile or real estate businesses.
Key Highlights
Revenue from continuing operations declined to ₹1,819 lakhs in Q3 FY26 from ₹2,894 lakhs in Q3 FY25.
Reported a standalone net loss of ₹324 lakhs for the quarter compared to a profit of ₹7,554 lakhs (including discontinued ops) YoY.
Total income for the nine-month period ended December 31, 2025, reached ₹9,635 lakhs.
The Realty business demerger, effective May 1, 2025, contributed to a massive accounting gain of ₹5,32,645 lakhs in the nine-month figures.
Earnings Per Share (EPS) for continuing operations stood at negative ₹0.49 for the quarter.
💼 Action for Investors
Investors should stop comparing current financials with historical data due to the structural demergers of the Lifestyle and Realty arms. The focus should now be on the valuation of the residual engineering business and the value of its holdings in the newly listed entities.
Raymond Ltd Q3 FY26: Continuing Operations Post ₹3.24 Cr Loss Following Major Business Demergers
Raymond Limited reported its Q3 FY2026 results, reflecting a significantly altered corporate structure following the demergers of its Lifestyle and Real Estate businesses. For the quarter ended December 31, 2025, the company reported a net loss of ₹3.24 crore from continuing operations on a revenue of ₹18.19 crore. The nine-month bottom line shows a massive profit of ₹5,282.96 crore, which is primarily attributed to a one-time accounting gain of ₹5,326.45 crore from the demerger of the Real Estate business into Raymond Realty Limited. Investors should note that the current standalone figures represent only the residual business units after the value-unlocking demergers.
Key Highlights
Revenue from continuing operations stood at ₹18.19 crore for Q3 FY26, down from ₹22.20 crore in the preceding quarter.
Net loss from continuing operations for the quarter was ₹3.24 crore compared to a profit of ₹9.28 crore in the year-ago period.
Recorded a massive one-time gain of ₹5,326.45 crore in the nine-month period due to the Real Estate business demerger effective May 1, 2025.
Total Comprehensive Income for the nine months ended December 2025 reached ₹5,245.62 crore, driven by demerger-related exceptional items.
The Lifestyle business demerger was previously completed on June 30, 2024, contributing to the structural shift in financial reporting.
💼 Action for Investors
Investors should evaluate the 'new' Raymond Limited as a residual entity and shift focus to the separately listed Raymond Lifestyle and Raymond Realty for core business growth. The current standalone losses are on a small operational base and do not reflect the health of the demerged core businesses.
Raymond Board Approves Merger of Wholly Owned Subsidiary Everblue Apparel Limited
Raymond Limited's Board has approved the amalgamation of its wholly-owned subsidiary, Everblue Apparel Limited (EBAL), into the parent company. EBAL, which focuses on converting denim fabrics into readymade garments, reported a turnover of ₹108.58 crore and a net worth of ₹3.76 crore as of December 31, 2025. As EBAL is a 100% subsidiary, no new shares will be issued, resulting in zero equity dilution for Raymond's shareholders. The merger is intended to simplify the group structure, achieve operational synergies, and reduce administrative costs.
Key Highlights
Amalgamation of 100% subsidiary Everblue Apparel Limited (EBAL) into Raymond Limited approved.
EBAL reported a turnover of ₹10,858 Lakhs and a net worth of ₹376 Lakhs as of December 31, 2025.
No cash consideration or share exchange; EBAL's entire share capital will be cancelled upon merger.
The merger aims to integrate garmenting operations directly into Raymond for better management focus.
The scheme is subject to approvals from NCLT, shareholders, and creditors.
💼 Action for Investors
Investors should view this as a positive move toward corporate simplification and cost rationalization. Since there is no equity dilution, the focus remains on the operational efficiencies gained from the integration.
Raymond Q3 FY26: Continuing Operations Post Net Loss of ₹3.24 Cr Following Major Demergers
Raymond Limited reported a net loss of ₹3.24 crore from continuing operations for the quarter ended December 31, 2025, a sharp decline from a profit of ₹9.28 crore in the year-ago period. Revenue from continuing operations fell to ₹18.19 crore compared to ₹22.89 crore in Q3 FY25. The financial profile of the company has fundamentally changed following the demerger of its Lifestyle and Real Estate businesses into separate entities. The current results reflect the performance of the residual 'stub' entity post-restructuring.
Key Highlights
Revenue from continuing operations declined 20.5% YoY to ₹18.19 crore in Q3 FY26.
Net loss for the quarter stood at ₹3.24 crore versus a profit of ₹9.28 crore in Q3 FY25.
Total Comprehensive Loss widened to ₹40.80 crore, largely due to a ₹44.05 crore loss in fair value of equity instruments.
The Real Estate business demerger was completed with an effective date of May 1, 2025.
Basic EPS for continuing operations turned negative at ₹(0.49) for the quarter.
💼 Action for Investors
Investors should note that Raymond Limited is now a residual entity as the primary value drivers (Lifestyle and Realty) have been demerged. Future valuation will depend on the remaining engineering/industrial businesses and the value of its holdings in the newly formed entities.
Raymond Lifestyle Appoints Prasad Ellatch Chathuar as CFO; 28 Years Experience
Raymond Lifestyle Limited has appointed Mr. Prasad Ellatch Chathuar as the Chief Financial Officer effective January 27, 2026. He succeeds Mr. Vishal Raigagla, who had been serving as the Interim CFO since October 29, 2025. Mr. Chathuar is a seasoned professional with 28 years of experience in the consumer industry, including a previous role as CFO at Bajaj Electricals Limited. This transition from an interim to a permanent, highly qualified CFO is expected to provide long-term stability to the company's financial leadership.
Key Highlights
Mr. Prasad Ellatch Chathuar appointed as CFO and Key Managerial Personnel effective January 27, 2026.
Brings 28 years of experience from Bajaj Electricals, Voltas (17 years), and Emami Paper Mills (5 years).
Replaces Interim CFO Vishal Raigagla, who held the position since October 29, 2025.
Educational qualifications include Chartered Accountant, Cost Accountant, and a Harvard University Executive Certification.
💼 Action for Investors
The appointment of a permanent CFO with significant industry experience is a positive development for corporate governance. Investors should view this as a stabilizing move for the company's financial strategy and execution.
Raymond Lifestyle Appoints Prasad Ellatch Chathuar as CFO; Succeeds Interim CFO
Raymond Lifestyle Limited has appointed Mr. Prasad Ellatch Chathuar as its permanent Chief Financial Officer, effective January 27, 2026. He replaces Mr. Vishal Raigagla, who had been serving as the Interim CFO since October 29, 2025. Mr. Chathuar brings 28 years of extensive experience in the consumer industry, having previously served as the CFO of Bajaj Electricals Limited and holding senior roles at Voltas for 17 years. This transition from interim to permanent leadership marks a significant step in stabilizing the management of the newly listed entity.
Key Highlights
Mr. Prasad Ellatch Chathuar appointed as CFO and Key Managerial Personnel effective January 27, 2026.
The new CFO brings 28 years of experience, including a prior CFO role at Bajaj Electricals and 17 years at Voltas.
Mr. Vishal Raigagla ceases to be the Interim CFO after serving in the role since October 2025.
Mr. Chathuar is a Chartered Accountant and Cost Accountant with an Executive Certification in Finance from Harvard University.
💼 Action for Investors
Investors should view the appointment of a highly experienced permanent CFO as a positive move for corporate governance and financial strategy. Monitor the company's upcoming financial disclosures for any shifts in capital allocation or business transformation strategies under the new leadership.
Raymond Lifestyle Q3 Revenue Up 9% to ₹1,466 Cr; Operating Margins Improve to 13.85%
Raymond Lifestyle reported a 9.4% YoY increase in standalone revenue to ₹1,466.23 crore for Q3 FY26. While operating margins improved significantly to 13.85% from 11.32% in the previous year, net profit for the quarter declined slightly to ₹49.45 crore due to a one-time exceptional loss of ₹42.68 crore. For the nine-month period ending December 2025, the company showed robust performance with net profit more than doubling to ₹112.94 crore. The company maintains a strong balance sheet with a low debt-to-equity ratio of 0.11x.
Key Highlights
Revenue from operations grew 9.4% YoY to ₹1,46,623 lakhs in Q3 FY26.
Operating margin expanded to 13.85% in Q3 FY26 compared to 11.32% in Q3 FY25.
Net profit for the nine-month period (9M FY26) surged to ₹11,294 lakhs from ₹5,549 lakhs YoY.
Quarterly bottom line was impacted by an exceptional loss of ₹4,268 lakhs.
Interest Service Coverage Ratio remains healthy at 4.59 for the quarter.
💼 Action for Investors
Investors should look past the quarterly net profit dip caused by exceptional items and focus on the strong operational margin expansion and 9-month growth trajectory. The stock remains a watch for continued efficiency in the lifestyle segment.
Raymond Lifestyle Q3 Revenue Grows 9.4% YoY to ₹1,466 Cr; Operating Margins Expand to 13.85%
Raymond Lifestyle Limited reported a steady 9.4% YoY increase in standalone revenue for Q3 FY26, reaching ₹1,466.23 crore. While Profit After Tax (PAT) for the quarter dipped 7.2% YoY to ₹49.45 crore due to an exceptional loss of ₹42.68 crore, the company's operational efficiency improved with operating margins rising to 13.85% from 11.32%. The nine-month performance remains exceptionally strong, with PAT more than doubling to ₹112.94 crore compared to ₹55.49 crore in the previous year. The company maintains a robust balance sheet with a low debt-to-equity ratio of 0.11.
Key Highlights
Standalone revenue from operations increased 9.4% YoY to ₹1,466.23 crore in Q3 FY26.
Operating margin improved significantly to 13.85% in Q3 FY26 from 11.32% in Q3 FY25.
Nine-month PAT (Apr-Dec 2025) surged 103% YoY to ₹112.94 crore.
Quarterly PAT was impacted by an exceptional loss of ₹42.68 crore, resulting in a 7.2% YoY decline to ₹49.45 crore.
Financial health remains strong with a Debt-Equity ratio of 0.11 and an Interest Service Coverage Ratio of 4.59x.
💼 Action for Investors
Investors should look past the quarterly PAT dip caused by one-time exceptional items and focus on the significant margin expansion and strong 9-month growth trajectory. The stock remains a solid play in the lifestyle and branded apparel segment given its improving operational metrics.