Raymond Group has released its financial performance update for the second quarter (Q2) and the first half (H1) of Fiscal Year 2027. The report highlights growth and performance across its key business verticals: Raymond Lifestyle Limited, Raymond Realty Limited, and Raymond Limited (Engineering). Key financial metrics and segment-specific operational milestones are detailed, showcasing a diversified earnings mix and strategic advancements within each division.
Raymond Group Financial Updates for Q2 and H1 FY2027 Released
Raymond Group has officially disclosed its financial and operational performance for the second quarter (Q2) and the first half (H1) of Fiscal Year 2027. The comprehensive update covers the group’s key business segments, including Raymond Lifestyle Limited, Raymond Realty Limited, and Raymond Limited (Engineering).
Group Performance Overview
The group’s financial scorecard indicates a diversified earnings mix, with non-lifestyle verticals (Realty + Raymond Ltd.) now generating 49% of YTD EBITDA. The total portfolio EBITDA saw an expansion of +11% in Q2FY27 and +15% YTD. Raymond Lifestyle Limited continues to be an anchor profit engine, contributing 55% of Q2 EBITDA and 51% of YTD EBITDA.
Raymond Lifestyle Limited Update
For Q2FY27, Raymond Lifestyle Limited reported a total income expansion of 14% YoY to ₹2,125 Cr, driven by strong order book conversion in export garmenting and robust performance in Branded Apparel. EBITDA margin expanded to 12.7%, despite increased marketing investments and higher raw material and freight costs. The segment saw a significant balance sheet deleveraging, with net cash turning positive to ₹69 Cr.
The H1FY27 update for Raymond Lifestyle Limited shows a total income expansion of 10% YoY to ₹3,685 Cr. EBITDA margin stood at 11.0%. Operational milestones include network rationalization and rebalancing, with 24 new locations opened and strategic net closures of 29 stores. The Garmenting segment reported a turnaround with revenues surging +36% YoY.
Raymond Realty Limited Update
Raymond Realty Limited reported a strong booking value trajectory for Q2FY27, up 98% YoY to ₹902 Cr. Total income grew steadily by 7% YoY to ₹757 Cr. EBITDA increased by 14% YoY to ₹115 Cr, with an EBITDA margin of 15%. The company received Occupancy Certificates for its ‘Address by GS Season 1 Tower B’ project in Thane, ahead of RERA timelines.
For H1FY27, Raymond Realty Limited saw its booking value surge 111% to ₹1,602 Cr. Total income increased by 18% YoY to ₹1,293 Cr. EBITDA grew 30% YoY to ₹185 Cr, with an EBITDA margin of 14%. The company maintains a healthy debt to equity ratio of 0.8x. A strong pipeline of MMR launches is planned for the upcoming quarters.
Raymond Limited — Engineering Update
Raymond Limited’s Engineering division reported an increase in total income of 21% YoY to ₹683 Cr in Q2FY27, driven by its precision engineering and aerospace & defence segments. Aerospace & Defence revenue demonstrated robust growth of 72% YoY. Precision Tech & Auto Components revenue rose 15% YoY. PBT expanded significantly by 117% YoY.
For H1FY27, Raymond Limited’s total income increased by 17% YoY to ₹1,311 Cr. Aerospace & Defence revenue grew 56% YoY, while Precision Tech & Auto Components rose 13% YoY. PBT expanded by 69% YoY. The company highlighted its scale in high-barrier aerospace and operating leverage in precision auto parts as establishing a resilient, high-margin industrial foundation.
Balance Sheet and Credit Profile
The group’s overall balance sheet shows a transition from short-term to long-term financing, with an average maturity of debt at 4.24 years. The total rated debt stands at ₹9,476 Crores, with 100% stable outlook across its portfolio facilities. Significant credit strength is demonstrated, with 94% of rated debt at ‘A’ or above.
ESG and Governance
The presentation also detailed the company’s ESG actions, including GHG reduction and water savings by Raymond Lifestyle, solar energy impact by Raymond Limited, and waste diversion by Raymond Realty. Comparative ESG actions across all Raymond Group entities highlight targets and achievements in environmental action, social and human capital, governance, clean energy, and waste management.
Source: BSE
