RAYMONDLSL - Raymond Lifestyl
📢 Recent Corporate Announcements
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.
- 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
Raymond Lifestyle Limited has announced its participation in the 'Bharat Connect Conference: Rising Stars' hosted by Arihant Capital on March 09, 2026. The interaction will be conducted virtually and will include both one-to-one and group meetings with institutional investors. The company will discuss its Q3 FY26 and 9M FY26 financial results, which are already available in the public domain. This is a standard investor relations activity aimed at enhancing market engagement.
- Scheduled virtual investor meeting on March 09, 2026, hosted by Arihant Capital.
- Interaction format includes both One-to-One and Group Meetings.
- Discussion will focus on previously disclosed Q3 FY26 and 9M FY26 financial performance.
- No new material information is expected to be shared beyond the existing investor presentation.
Raymond Lifestyle Limited (RAYMONDLSL) has provided an update regarding its participation in an investor conference scheduled for February 25, 2026. Contrary to a previous intimation dated February 18, 2026, the company has clarified that it will not be delivering a formal presentation at the event. This is a routine administrative update to the stock exchanges under SEBI Regulation 30. The meeting is expected to proceed as a discussion without a structured slide deck.
- Clarification regarding investor conference participation on February 25, 2026
- Follow-up to the previous intimation made on February 18, 2026 (Ref: RLL/SE/25-26/88)
- Company confirms no formal presentation will be delivered at the conference
- Compliance update filed under Regulation 30 of SEBI LODR Regulations
Raymond Lifestyle Limited has announced its participation in the IIFL 17th Global Investors' Conference 2026. The event is scheduled for February 25, 2026, at Trident BKC in Mumbai. The company's representatives will engage in one-to-one and group meetings with institutional investors. A formal investor presentation will be submitted to the stock exchanges on the day of the event, providing insights into the company's current performance and future strategy.
- Participation in IIFL 17th Global Investors' Conference 2026 scheduled for February 25, 2026
- Interaction format includes both one-to-one and group meetings with institutional investors
- Venue confirmed as Trident BKC, Mumbai
- Investor presentation to be filed with stock exchanges on the day of the event
Raymond Lifestyle Limited (RAYMONDLSL) has announced its participation in the Dolat Capital Corporate Conference 2026 scheduled for February 18, 2026. The company will engage in one-to-one and group meetings with institutional investors at the Grand Hyatt, Mumbai. Discussions will be based on the previously disclosed Q3 FY26 and 9M FY26 investor presentation. This is a routine engagement aimed at institutional interaction and does not involve the disclosure of new material information.
- Participation in Dolat Capital Corporate Conference 2026 on February 18, 2026
- Interaction format includes both one-to-one and group meetings with investors
- Meetings will utilize the existing Q3 FY26 and 9M FY26 results presentation
- Event to be held at Grand Hyatt, Mumbai
- Routine regulatory filing under SEBI Listing Obligations and Disclosure Requirements
Raymond Lifestyle Limited has scheduled its participation in the 'MANTHAN - Systematix India Annual Conference, 2026' on February 10, 2026. The company will engage in one-on-one and group meetings with institutional investors at Taj Santacruz, Mumbai. The discussions will revolve around the Q3 FY26 and 9M FY26 financial results, which have already been disclosed to the exchanges. Such interactions are standard practice for management to communicate business strategy and performance outlook to the investor community.
- Participation in the MANTHAN - Systematix India Annual Conference scheduled for February 10, 2026.
- Interaction format includes both One-to-One and Group meetings with institutional investors.
- Discussion will focus on the previously released Q3 FY26 and 9M FY26 financial performance.
- The meeting venue is confirmed as Taj Santacruz, Mumbai, hosted by Systematix India.
- Investor presentation for the meet is already available on the company's official website.
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.
- 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
Raymond Lifestyle Limited has released the audio recording of its investor conference held on January 27, 2026. The call discussed the company's financial performance for the third quarter and the nine-month period ending December 31, 2025. This disclosure is a standard regulatory requirement under SEBI Listing Obligations to ensure transparency for all shareholders. Investors can access the full recording via the company's official website to hear management's detailed commentary on business operations.
- Audio recording of the Q3 FY26 investor conference is now publicly available.
- The conference call was conducted on January 27, 2026, at 6:00 p.m.
- Covers financial performance for the quarter and nine months ended December 31, 2025.
- Recording link is hosted on the official company website under the investor relations section.
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.
- 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.
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.
- 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.
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.
- 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.
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.
- 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.
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.
- 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.
Raymond Lifestyle Limited (RAYMONDLSL) has announced its earnings conference call scheduled for Tuesday, January 27, 2026, at 6:00 PM IST. The management will discuss the financial performance for the third quarter and nine months ended December 31, 2025. Key attendees include CEO Satyaki Ghosh and Group CFO Rakesh Tiwary. This call is a standard procedure for the company to engage with analysts and institutional investors regarding its quarterly results.
- Conference call scheduled for January 27, 2026, at 6:00 PM IST.
- Discussion will cover financial results for Q3 and 9M ended December 31, 2025.
- Management representation includes CEO, Group CFO, and CFO-Designate.
- Universal dial-in numbers: +91 22 6280 1149 / +91 22 7115 8050.
Raymond Lifestyle Limited has appointed Satyaki Ghosh as its new Chief Executive Officer to spearhead its next phase of growth and transformation. Mr. Ghosh brings over 25 years of extensive experience in FMCG and textiles, having previously served as CEO of Cellulosic Fashion Yarn at Grasim Industries and in leadership roles at L’Oréal India. This strategic appointment, alongside the recent onboarding of E.C. Prasad as CFO, indicates a significant strengthening of the top management team. The company aims to leverage his expertise to expand its retail footprint, which currently includes over 1,650 stores across 600 cities.
- Satyaki Ghosh appointed as CEO with 25+ years of experience across FMCG, textiles, and retail sectors.
- Previously held CEO roles at Aditya Birla Group (Grasim) and senior leadership positions at L’Oréal India.
- Appointment follows the recent hiring of E.C. Prasad as the company's new Chief Financial Officer.
- Raymond Lifestyle operates a vast retail network of 1,650+ exclusive stores across 600 cities and towns.
- The leadership change is aimed at driving operational excellence and capturing growth in domestic and international markets.
Financial Performance
Revenue Growth by Segment
In Q2 FY26, Branded Textile revenue grew 10% YoY to INR 937 Cr, driven by festive demand. Branded Apparel revenue grew 11% YoY in H1 FY26 to INR 826 Cr. Garmenting Export revenue grew 4% YoY to INR 269 Cr in Q2 FY26, despite international headwinds.
Geographic Revenue Split
The company operates across 600+ cities in India and 7 international markets. Domestic growth was the primary driver in Q2 FY26, while international operations faced pressure from US tariff actions.
Profitability Margins
Operating margins (PBILDT) contracted to 7.7% in FY25 from 14.3% in FY24 due to subdued demand and ransomware disruptions. However, Q2 FY26 showed recovery with an EBITDA margin of 13.9% and PBT margin of 5.8% (INR 108 Cr).
EBITDA Margin
EBITDA margin stood at 13.9% in Q2 FY26, a 7% YoY growth in absolute EBITDA to INR 259 Cr. H1 FY26 EBITDA margin improved to 11.4% from 11.1% YoY, reflecting better product mix and operating leverage.
Capital Expenditure
Planned capital expenditure for FY26 is INR 175 Cr to INR 200 Cr, primarily allocated for retail store expansion, IT infrastructure upgrades, and maintenance.
Credit Rating & Borrowing
CARE Ratings reaffirmed 'CARE AA; Stable' for long-term facilities (INR 1,500 Cr) and 'CARE A1+' for short-term facilities (INR 820 Cr) and Commercial Paper (INR 550 Cr). Interest coverage ratio stood at 2.58x in H1 FY26.
Operational Drivers
Raw Materials
Key raw materials include Wool (comprising ~30% of raw material consumption), Cotton, and Polyester. Total raw materials account for approximately 21% of the total cost of sales.
Import Sources
Wool is primarily sourced from Australia, South Africa, the USA, and South America. Cotton is sourced from both Indian and international markets.
Capacity Expansion
Current retail footprint is 1,663 stores as of September 2025 (a net increase of 71 stores YoY). The company plans to open 600+ new stores over the next three years, focusing on the EBO network.
Raw Material Costs
Raw material costs represent ~21% of total cost of sales. The company uses a mix of forward contracts (hedging up to 6 months) and spot bookings to manage price volatility and allow for partial cost pass-through.
Manufacturing Efficiency
Efficiency is driven by an integrated 'fabric-to-fashion' model. The company is a leading producer of polywool in India, leveraging this strength to protect margins in the branded textile segment.
Logistics & Distribution
Distribution is handled through a massive network of 1,110 Raymond Shop outlets, 507 EBOs, and 51 MTM stores, reaching 600+ cities.
Strategic Growth
Expected Growth Rate
12%
Growth Strategy
Growth will be achieved by expanding the retail network by 600+ stores in 3 years, scaling the Branded Apparel segment to INR 2,300-2,500 Cr to reach double-digit margins, and growing new categories like Ethnix (139 stores) and Sleepz.
Products & Services
Worsted suiting fabrics, formal wear, casual wear, ethnic wear, premium shirting, made-to-measure tailoring services, and sleepwear.
Brand Portfolio
Raymond, Park Avenue, Colorplus, Parx, Ethnix by Raymond, Sleepz by Raymond.
New Products/Services
Recently launched 'Sleepz by Raymond' in the comfort/nightwear segment. New categories (Ethnix, Sleepz, Innerwear) are expected to contribute 6-7% of total revenue in the medium term.
Market Expansion
Targeting 600+ new stores in 3 years with a focus on EBOs and expanding the MBO presence, which grew by 15% recently.
Market Share & Ranking
Dominant leader in India's branded worsted suiting segment with a 99-year track record.
Strategic Alliances
The company utilizes a franchisee-led model for retail expansion to maintain an asset-light balance sheet.
External Factors
Industry Trends
The industry is shifting toward casualisation and premiumisation. Raymond is positioning itself by expanding its 'Ethnix' and 'Sleepz' brands to capture a larger share of the evolving wardrobe needs of Indian consumers.
Competitive Landscape
Faces intense competition from organized players like Allen Solly, Louis Philippe, Van Heusen, and Siyaram, as well as unorganized local players.
Competitive Moat
Durable moat built on a 99-year brand legacy, a massive distribution network of 1,663 stores, and an integrated manufacturing setup that provides cost leadership in polywool and worsted fabrics.
Macro Economic Sensitivity
Highly sensitive to discretionary consumer spending and festive/wedding season cycles, which drive volume growth in the branded textile segment.
Consumer Behavior
Shift toward branded ethnic wear for weddings and a trend toward 'casualisation' in formal wardrobes.
Geopolitical Risks
Ongoing US-China trade tensions and US tariff announcements create uncertainty for the garmenting export business, which saw H1 FY26 revenue decline to INR 466 Cr from INR 512 Cr YoY.
Regulatory & Governance
Industry Regulations
Operations are subject to textile industry standards and import/export regulations, particularly US trade tariffs affecting the garmenting division.
Taxation Policy Impact
The company is subject to standard corporate tax rates; an income tax survey was conducted at certain facilities in September 2025.
Legal Contingencies
An income tax survey was carried out in September 2025; the company is monitoring developments. No specific case values for court disputes were disclosed.
Risk Analysis
Key Uncertainties
US tariff impacts on exports (potential 4-5% margin hit) and the maturity timeline of 100+ newly opened stores which currently weigh on branded apparel margins.
Geographic Concentration Risk
Heavy concentration in the Indian domestic market (600+ cities), with export exposure primarily to the US and Europe.
Third Party Dependencies
Dependency on Australian and South American suppliers for high-quality wool (30% of RM).
Technology Obsolescence Risk
A ransomware incident in Q4 FY25 caused operational disruptions, highlighting the need for the planned IT infrastructure investment of INR 175-200 Cr.
Credit & Counterparty Risk
Strong liquidity with INR 1,213.58 Cr in cash and liquid investments as of H1 FY26 mitigates counterparty risk.