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Raymond Limited Releases Audio Recording of Q3 FY26 Investor Conference Call
Raymond Limited has officially released the audio recording of its investor conference call held on January 27, 2026. The call addressed the financial results for the third quarter and the nine-month period ending December 31, 2025. This disclosure complies with Regulation 30 of SEBI LODR, providing transparency to shareholders who could not attend the live session. The recording is accessible via the company's website and contains management's detailed commentary on business performance.
Key Highlights
Audio recording of the Q3 FY26 analyst call is now publicly available.
The conference call took place on January 27, 2026, at 4:00 p.m. IST.
Focus of the call was the financial performance for the quarter and nine months ended Dec 31, 2025.
The recording link is hosted on www.raymond.in under the investor relations section.
💼 Action for Investors
Review the recording to understand management's guidance on the lifestyle and real estate businesses. No immediate action is required based solely on this administrative filing.
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 to Invest in New Subsidiary Chembur Realty Limited
Raymond Realty Limited has approved an initial investment of ₹10,000 to subscribe to the paid-up capital of its newly incorporated wholly-owned subsidiary, Chembur Realty Limited (CRL). CRL was incorporated on October 29, 2025, with an authorized share capital of ₹1,00,000 to undertake real estate business. This move indicates the company's intent to potentially develop or manage projects specifically in the Chembur micro-market. The investment is nominal at this stage but establishes the corporate structure for future operations.
Key Highlights
Initial investment of ₹10,000 for 1,000 equity shares at ₹10 each
Chembur Realty Limited is a 100% wholly-owned subsidiary of Raymond Realty
Authorized share capital of the new entity is ₹1,00,000
CRL was incorporated on October 29, 2025, to focus on real estate business
💼 Action for Investors
This is a routine corporate structuring move with a nominal initial investment. Investors should monitor for future project launches or land acquisition announcements specifically related to this new subsidiary.
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 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.