Raymond Lifestyle Limited (RAYMONDLSL)
₹574.20 +0.57% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Raymond Lifestyle's revenue was ₹1,516 Cr (+5.9% year on year, -14.7% on the previous quarter), and net profit ₹-22.6 Cr (a bigger loss than a year earlier); the operating margin was 5.9%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹1,516 | +5.9% | -14.7% |
| Operating profit | ₹89.8 | +16.6% | -24.5% |
| Net profit | ₹-22.6 | loss widened | loss narrowed |
| EPS (₹) | -3.71 | loss widened | loss narrowed |
| Operating margin | 5.9% | — | — |
RAYMONDLSL delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 52.11% of the RAYMONDLSL shares traded on NSE were taken to delivery, against the stock's own 20-session average of 43.63%. That is close to its usual level.
Delivery in the last 5 sessions: 54.0% · 50.7% · 44.4% · 37.7% · 52.1%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Raymond Lifestyle Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate was issued by the Registrar and Share Transfer Agent, MUFG Intime India Private Limited. It confirms that all share certificates received for dematerialisation during the period were duly verified, accepted or rejected, and processed within prescribed timelines. This is a standard quarterly administrative filing with no financial or operational impact.
- Compliance certificate issued under Regulation 74(5) for the quarter ended September 30, 2026
- RTA MUFG Intime India Private Limited confirmed processing of all demat requests
- Filing submitted to BSE (Scrip Code: 544240) and NSE (Symbol: RAYMONDLSL) on October 13, 2026
- Company ISIN confirmed as INE02ID01020
Raymond Lifestyle Limited has scheduled participation in the 'Anand Rathi Annual Flagship Conference G-200 Summit 2026' on September 21, 2026, in Mumbai. The company will conduct group meetings using its existing Q1FY27 investor presentation already submitted to the exchanges. This is a routine institutional investor engagement intimation under Regulation 30. No new material or unpublished price-sensitive information is scheduled to be disclosed.
- Conference scheduled for September 21, 2026
- Mode of interaction: Group Meetings at Taj Santacruz, Mumbai
- Host: Anand Rathi Annual Flagship Conference G-200 Summit 2026
- Presentation to be used: Existing Q1FY27 Results investor presentation
Raymond Lifestyle Limited has announced its participation in the 'Jefferies - 5th India Forum' scheduled for September 17, 2026, in Gurgaon. Company representatives will conduct one-to-one and group investor meetings. This is a routine institutional investor interaction filing under Regulation 30 of SEBI LODR without any disclosed operational or financial impact.
- Participation scheduled for September 17, 2026
- Event hosted by Jefferies ('Jefferies - 5th India Forum')
- Meeting format includes one-to-one and group interactions at The Oberoi, Gurgaon
- Intimation submitted pursuant to Regulation 30 of SEBI LODR Regulations, 2015
Raymond Lifestyle Limited has announced its participation in the 'Ashwamedh - Elara India Dialogue 2026' conference hosted by Elara Capital on September 3, 2026. The interactions will include one-on-one and group meetings held at the Grand Hyatt, Mumbai. The company will refer to its existing Q1FY27 investor presentation, which is already in the public domain. No unpublished price-sensitive information is scheduled to be shared.
- Conference scheduled for September 3, 2026 in Mumbai
- Hosted by Elara Capital ('Ashwamedh - Elara India Dialogue 2026')
- Mode of interaction includes one-on-one and group investor meetings
- Discussion based on previously submitted Q1FY27 investor presentation
Raymond Lifestyle reported a 6% YoY revenue growth to ₹1,560 Cr for Q1 FY27, primarily driven by a 50% surge in the Garmenting segment. EBITDA margins expanded by 40 bps to 8.6%, while the company achieved a net cash surplus of ₹154 Cr, a significant swing from ₹55 Cr net debt a year ago. The Garmenting business saw a massive 1100 bps margin jump to 7.3% following US-India tariff rationalization. Management is focusing on store rationalization, having exited 133 underperforming outlets while opening 85 high-yielding ones.
- Garmenting segment revenue grew 50% YoY to ₹296 Cr with an 1100 bps EBITDA margin improvement to 7.3%
- Net cash surplus reached ₹154 Cr as of June 2026, a ₹209 Cr improvement over the previous year
- Net working capital cycle reduced by 15 days to 75 days in Q1 FY27
- Active retail network stands at 1,627 stores after exiting 133 underperforming locations and opening 85 new ones
- Loyalty program ecosystem reached 12.4 million members to drive data-led consumer insights
Raymond Lifestyle Limited (RAYMONDLSL) has informed the exchanges that its participation in the Emkay Global 'India Confluence 2026' conference has been rescheduled. The company's representatives will now attend the event on August 13, 2026, instead of the previously announced date of August 12, 2026. This is a procedural update following an earlier intimation on August 05, 2026. Investors should note that such conferences often serve as platforms for management to discuss the company's target of adding 600+ stores over the next three years.
- Investor Conference participation rescheduled to August 13, 2026
- Original participation date was August 12, 2026
- Company currently operates a retail footprint of 1,663 stores as of September 2025
- Management is targeting an expansion of 600+ new stores over a 3-year period
Raymond Lifestyle Limited (RAYMONDLSL) has announced its participation in two upcoming institutional investor conferences in Mumbai. The first meeting is hosted by Nirmal Bang on August 10, 2026, followed by Emkay Global's 'India Confluence 2026' on August 12, 2026. These interactions will involve one-to-one and group meetings focused on the company's Q1FY27 performance. The company currently maintains a TTM revenue of ‡6,887 Cr and a market capitalization of ‡4,576 Cr.
- Scheduled participation in 2 institutional investor conferences in August 2026
- First interaction on August 10, 2026, at Trident BKC, Mumbai, hosted by Nirmal Bang
- Second interaction on August 12, 2026, at Grand Hyatt, Mumbai, hosted by Emkay Global
- Discussions will center on Q1FY27 results and existing investor presentations
- Company is currently trading at a P/E of 99.4 with a TTM PAT of ‡46 Cr
Raymond Lifestyle Limited has uploaded the audio recording of its investor conference held on August 3, 2026. The call discussed the company's financial performance for the first quarter ended June 30, 2026 (Q1 FY27). This follows a fiscal year (FY26) where the company reported a TTM revenue of ₹6,887 Cr and a net profit of ₹46 Cr. The recording provides management's detailed commentary on operational performance and the progress of their 600+ store expansion plan.
- Investor conference held on August 3, 2026, at 04:00 p.m. regarding Q1 FY27 results
- Audio recording made available via the company's official website for public access
- Company is currently managing a retail footprint of 1,663 stores as of late 2025
- Management is executing a strategy to add 600+ new stores over a 3-year period
- Branded Apparel segment is being scaled to target ₹2,300-2,500 Cr in revenue
Raymond Lifestyle reported a 6% YoY increase in total income to ₹1,560 Cr for Q1 FY27, primarily driven by a 25% surge in the garmenting segment following US-India tariff rationalization. While EBITDA grew 11% to ₹135 Cr, the company reported a net loss of ₹23 Cr, slightly higher than the ₹20 Cr loss in Q1 FY26. A key positive is the balance sheet strengthening, with the company moving from a net debt of ₹55 Cr to a net cash position of ₹154 Cr. Operational efficiency also improved as the Net Working Capital cycle was reduced by 15 days to 75 days.
- Total Income for Q1 FY27 stood at ₹1,560 Cr, representing approximately 22.6% of TTM revenue.
- Garmenting segment revenue increased 25% YoY to ₹314 Cr, benefiting from new global client onboarding.
- Net Working Capital (NWC) cycle improved significantly to 75 days from 90 days in the previous year.
- Net cash position improved to ₹154 Cr as of June 2026, compared to a net debt of ₹55 Cr in June 2025.
- Retail network optimization resulted in 133 underperforming store exits and 85 new openings, bringing the total count to 1,675.
Raymond Lifestyle reported a standalone revenue of Rs 1,111 Cr for Q1 FY27, showing marginal growth over Rs 1,105.6 Cr in Q1 FY26. The garmenting segment was a standout performer with over 50% growth, benefiting from global trade tailwinds. However, the company recorded a standalone net loss of Rs 34.86 Cr, compared to a loss of Rs 1.65 Cr in the previous year's quarter. On the balance sheet front, the company improved to a net-cash position of Rs 154 Cr, up from a net debt of Rs 55 Cr YoY.
- Garmenting business achieved 50%+ growth in Q1 FY27 due to international traction.
- Standalone revenue remained nearly flat at Rs 1,111 Cr vs Rs 1,105.6 Cr in the same quarter last year.
- Net cash position improved significantly to Rs 154 Cr from a net debt of Rs 55 Cr in Q1 FY26.
- Branded Apparel EBITDA margin improved to 7.3% from negative 4.1% in Q1 FY26.
- Retail store count decreased to 1,627 from 1,675 YoY as part of network optimization.
Raymond Lifestyle reported a standalone net loss of ₹34.86 Cr for Q1 FY27, widening from a loss of ₹1.65 Cr in the same quarter last year. Revenue remained nearly flat at ₹1,111 Cr, though the Garmenting segment showed strong momentum with over 50% growth and a margin turnaround to 7.3% from -4.1%. The company significantly improved its balance sheet, moving to a net-cash position of ₹154 Cr from a net debt of ₹55 Cr a year ago. However, the retail footprint saw a net reduction to 1,627 stores as part of network optimization.
- Garmenting segment revenue grew by 50%+ YoY with EBITDA margins improving to 7.3% from -4.1%
- Standalone net loss widened to ₹34.86 Cr compared to a loss of ₹1.65 Cr in Q1 FY26
- Net cash position improved to ₹154 Cr from a net debt of ₹55 Cr in the previous year
- Retail store count decreased to 1,627 from 1,675 YoY, reflecting a net closure of 48 stores
- High Value Cotton Shirting revenue declined to ₹195 Cr from ₹205 Cr due to base effects
Raymond Lifestyle Limited has scheduled its Q1 FY27 conference call for August 03, 2026, at 4:00 PM IST. The management, including the CEO and CFO, will discuss financial results for the quarter ended June 30, 2026. This follows a challenging March 2026 quarter where the company reported a net loss of Rs 52 crore on revenue of Rs 1,776 crore. Investors will be looking for updates on the company's 12% growth target and its plan to add 600+ stores over three years.
- Conference call scheduled for August 03, 2026, at 4:00 PM IST to discuss Q1 FY27 results.
- Management representation includes CEO Satyaki Ghosh and CFO E C Prasad.
- Company is coming off a TTM revenue base of Rs 6,887 crore with a thin TTM PAT of Rs 46 crore.
- Strategic focus remains on expanding the retail network by 600+ stores in 3 years.
- Branded Apparel segment is targeted to reach Rs 2,300-2,500 crore with double-digit margins.
Raymond Lifestyle Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The document, issued by MUFG Intime India Private Limited, confirms that share certificates received for dematerialization during the quarter ended June 30, 2026, were processed and listed on the stock exchanges. This is a standard administrative filing required for all listed entities to ensure the integrity of the shareholding system. There are no financial implications or operational changes reported in this filing.
- Compliance certificate issued for the quarter ended June 30, 2026
- Confirmation provided by Registrar and Share Transfer Agent MUFG Intime India Private Limited
- Verification that dematerialized securities are listed on the BSE and NSE
- Filing completed on July 15, 2026, in accordance with SEBI timelines
Shareholders of Raymond Lifestyle Limited have approved the appointment of Mr. Satyaki Ghosh as Whole Time Director and CEO for a five-year term effective from May 06, 2026, to May 05, 2031. Mr. Ghosh brings over 29 years of experience from leadership roles at Aditya Birla Group (Grasim), L'Oréal India, and PepsiCo. This leadership confirmation is critical as the company aims to scale its Branded Apparel segment to Rs 2,300-2,500 Cr and expand its retail footprint by 600+ stores. Given the current low TTM PAT of Rs 46 Cr and high P/E of 96.5, the market will look for operational improvements under his tenure.
- Appointment confirmed for a 5-year term ending May 05, 2031
- Mr. Satyaki Ghosh brings over 29 years of experience in FMCG, textiles, and retail
- Previously served as CEO of Cellulosic Fashion Yarn at Grasim Industries and Domestic Textiles at Aditya Birla Group
- Leadership will oversee the planned expansion of 600+ new stores over the next three years
- Appointment follows a period where TTM ROCE stands at a low 4.0%
Raymond Lifestyle Limited held its 8th Annual General Meeting on July 14, 2026, where shareholders approved all six proposed resolutions. Key outcomes include the declaration of a Re. 1 per share final dividend for FY 2025-26 and the formal appointment of Satyaki Ghosh as Whole-time Director and CEO. The re-appointment of Gautam Hari Singhania as Director was also confirmed with 99.83% of votes in favor. This follows a challenging financial period where the company reported a net loss of Rs 52 Cr in the March 2026 quarter.
- Final dividend of Re. 1 per share approved for the financial year 2025-26
- Satyaki Ghosh appointed as Whole-time Director and CEO with 99.99% shareholder approval
- Gautam Hari Singhania re-appointed as Director with 99.83% of votes cast in favor
- Total of 156,689 shareholders were on record as of the July 7, 2026 cut-off date
- Special resolution passed to approve commission for Non-Executive Directors based on net profits
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.
