Raymond Lifestyle Limited has announced its financial results for the second quarter and first half of FY27. The company achieved its highest-ever quarterly total income of INR2,125 crore, marking a robust 14% year-on-year growth. EBITDA also saw a 4% increase to INR270 crore for the quarter. The company highlighted operational resilience, improved working capital cycle, and a net cash surplus of INR69 crore as of September 2026.
Raymond Lifestyle Announces Strong Q2 and H1 FY27 Results
Raymond Lifestyle Limited has reported significant financial performance for the second quarter (Q2) and the first half (H1) of the fiscal year 2027 (FY27). The company achieved its highest-ever quarterly total income of INR2,125 crore in Q2 FY27, representing a substantial 14% year-on-year growth compared to INR1,865 crore in Q2 FY26. Revenue from operations reached INR2,075 crore, an increase of 13% year-on-year.
H1 FY27 Performance Highlights
For the first half of FY27, total income grew by 10% year-on-year to INR3,685 crore, up from INR3,340 crore in H1 FY26. Consolidated EBITDA for Q2 FY27 rose by 4% year-on-year to INR270 crore, achieving an EBITDA margin of 12.7%. For H1 FY27, EBITDA expanded by 6% year-on-year to INR404 crore with an 11% margin.
Operational and Financial Turnaround
The company reported a significant operational turnaround and a net cash accretion of over INR300 crore compared to a net debt position of minus INR246 crore in September 2025. The net working capital cycle improved, with a 23-day reduction, decreasing to 82 days in September 2026 from 105 days in September 2025. The company maintained a fortified debt-free balance sheet, closing the quarter with a net cash surplus of INR69 crore as of September 2026.
Segmental Performance
Raymond Lifestyle has also provided insights into its segmental performance:
- Branded Textile: Revenue grew 7% year-on-year to INR971 crore in Q2 FY27, with H1 revenue reaching INR1,650 crore (3% year-on-year growth). Segment EBITDA was INR188 crore in Q2 with a margin of 19.3%.
- Branded Apparel: Segment revenue reached INR559 crore in Q2 FY27, up 20% year-on-year. H1 revenue stood at INR908 crore (14% year-on-year growth). Segment EBITDA rose 20% year-on-year to INR49 crore.
- Garmenting: The business posted Q2 revenue of INR339 crore (up 26% year-on-year) and H1 revenue of INR635 crore (up 36% year-on-year). EBITDA surged 75% year-on-year to INR25 crore in Q2.
- High Value Cotton Shirting: Revenues grew 5% year-on-year to INR222 crore in Q2 FY27. Segment EBITDA was INR21 crore with an EBITDA margin of 9.5%.
- Emerging Businesses: For the first time, this segment touched INR100 crore in Q2 FY27, with H1 turnover at INR179 crore.
Outlook and Strategy
Looking ahead, Raymond Lifestyle is focused on strategic priorities including shifting fabric mix towards high-margin products, launching new premium products, and expanding smart casual offerings. The company aims to continue retail network optimization and expects to end the store count at approximately plus 20 stores above the previous year’s close. Raymond Lifestyle anticipates a strong H2 FY27 performance, aiming for double-digit top-line growth and mid-double-digit EBITDA growth for the full year.
Source: BSE
