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Indian retailer of fabric and fashion products, Raymond Lifestyle Limited, has announced its unaudited financial results for the first quarter (Q1) of fiscal 2026 (FY26), reporting a record revenue of ₹1,475 crore (~$168.57 million)—an increase of 18 per cent year-on-year (YoY), despite it being the seasonally weakest quarter. This performance was primarily led by robust growth in the branded textile and branded apparel segments.
EBITDA surged by 36 per cent YoY to ₹122 crore, with margins improving to 8.2 per cent from 7.1 per cent in Q1 FY25, driven by higher sales, an improved product mix, and operational leverage. The profit before tax (PBT) before exceptional items stood at a loss of ₹25 crore, narrowing from ₹32 crore in the same period last year.
Raymond Lifestyle Limited has reported record Q1 FY26 revenue of ₹1,475 crore (~$168.57 million), up 18 per cent YoY, led by strong growth in branded textile and apparel.
EBITDA rose 36 per cent to ₹122 crore (~$13.94 million).
While garmenting declined due to US tariffs, other segments saw healthy gains.
The company ended the quarter with 1,675 stores, focusing on retail optimisation.
The revenue for branded textile rose 27 per cent YoY to ₹716 crore (~$81.89 million) on the back of strong volume growth and increased wedding dates. EBITDA nearly doubled to ₹103 crore, with margins improving to 14.3 per cent from 9.6 per cent, the company said in a release.
For branded apparel, revenue increased 22 per cent YoY to ₹370 crore, with growth seen across all brands and channels. EBITDA grew to ₹19 crore, and margins slightly improved to 5 per cent from 4.9 per cent.
Garmenting section’s revenue dropped to ₹197 crore from ₹252 crore due to uncertainties stemming from US tariff announcements. EBITDA margin declined to (3.9 per cent) from 3.5 per cent due to scale deleverage.
High value cotton shirting saw an increase of 10 per cent YoY in its revenue to ₹205 crore, with EBITDA doubling to ₹20 crore. EBITDA margin improved to 9.5 per cent, supported by strong B2B demand and a better product mix.
The company continued its retail network optimisation strategy, exiting under-performing stores. As of June 30, 2025, the store count stood at 1,675, up from 1,540 last year, with newly opened stores expected to mature over time.
Raymond Lifestyle ended the quarter with a net-debt position of ₹55 crore, reflecting inventory build-up ahead of the festive and wedding season.
“We are pleased to report improved quarterly performance, driven by signs of demand recovery across our key lifestyle segments. While we remain optimistic, we are also maintaining a cautious stance due to global macroeconomic uncertainties,” said Gautam Hari Singhania, executive chairman of Raymond Lifestyle Limited. “We are closely monitoring key developments, including the opportunities presented by the UK-India Free Trade Agreement and the challenges posed by US Tariffs. Our agile strategies, combined with these evolving market dynamics, position us well to deliver sustained value to stakeholders.”
Fibre2Fashion News Desk (SG)
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