Raymond Lifestyle Limited reported a 6% year-on-year increase in total income for the first quarter of FY27, reaching ₹1,560 crore. EBITDA grew by 11% to ₹135 crore, with a 40-basis point expansion in EBITDA margin to 8.6%. The company also improved its net working capital days to 75 from 90 in the previous year, demonstrating operational efficiencies and a strong financial position.
Raymond Lifestyle Posts Strong Q1 FY27 Results
Raymond Lifestyle Limited announced its financial results for the first quarter ended June 30, 2026 (Q1 FY27), showcasing robust performance across key financial metrics. The company reported a total income of INR1,560 crore, marking a 6% year-on-year growth compared to INR1,475 crore in Q1 FY26. This topline growth underscores the company’s expanding market presence and effective revenue strategies.
Profitability and Margin Expansion
Profitability witnessed a significant upturn, with EBITDA rising to INR135 crore in Q1 FY27, an 11% increase over the same period last year. This translated into an improved EBITDA margin of 8.6%, a 40-basis point expansion year-on-year. The company sustained its debt-free status, achieving a net cash surplus of INR154 crore in June 2026, a substantial improvement from a net debt position of INR55 crore in June 2025, reflecting a INR209 crore swing.
Operational Efficiency and Segment Performance
Raymond Lifestyle also demonstrated enhanced operational efficiency, with net working capital days improving by 15 days, standing at 75 days in Q1 FY27, down from 90 days in Q1 FY26. The company is actively optimizing its store footprint, having exited 133 underperforming stores and opened 85 new high-yielding locations, expanding its active network to 1,627 stores across 600 cities. High double-digit growth was observed in modern channels like e-commerce and Large Format Stores (LFS).
The company has reclassified its reporting segments into five categories: Branded Textile, Branded Apparel, Garmenting, High Value Shirting, and Emerging Business. Branded Textiles saw revenue of INR684 crore, with EBITDA at INR95 crore. Branded Apparel revenue grew 4% to INR349 crore, supported by strong double-digit growth in LFS and online channels. The Garmenting Business reported a stellar performance with revenue of INR296 crore, a 50% year-on-year growth, and achieved an EBITDA of INR22 crore, a significant improvement from negative INR8 crore in the previous year. High Value Cotton Shirting revenue stood at INR195 crore, with steady EBITDA at INR19 crore. The Emerging Business segment recorded INR79 crore in revenue, a 9% growth year-on-year.
Strategic Focus and Outlook
Raymond Lifestyle is focusing on premiumization, casualization, and geographical diversification. Key strategic initiatives include the 2026 Garment Exchange Program and a growing loyalty ecosystem. The company remains resilient amidst macroeconomic pressures, with a strategic focus on driving sustainable profitability. The management expressed optimism for the second half of the fiscal year, anticipating strong performance driven by anticipated festive demand and strategic growth initiatives.
Source: BSE
