Raymond Group announced an 11% increase in its consolidated portfolio EBITDA for Q2 FY27, reaching ₹488 crore compared to ₹439 crore in Q2 FY26. The company also reported a 15% Year-on-Year growth in Year-to-Date (YTD) EBITDA, which stood at ₹792 crore. This growth is driven by strong performances in its Lifestyle, Realty, and Engineering businesses, highlighting a diversified earnings mix and robust operational execution across segments.
Raymond Group Reports Strong Financial Performance
Raymond Group has announced positive financial results for the second quarter and first half of fiscal year 2027 (Q2 FY27 and H1 FY27), demonstrating significant growth across its diverse business verticals. The consolidated portfolio EBITDA saw a healthy increase of 11% in Q2 FY27, reaching ₹488 crore from ₹439 crore in the corresponding quarter of the previous year (Q2 FY26). Furthermore, the Year-to-Date (YTD) EBITDA for H1 FY27 grew by an impressive 15% to ₹792 crore, up from ₹690 crore in H1 FY26.
Diversified Earnings Mix and Growth Drivers
The company highlighted a diversified earnings mix, with non-lifestyle verticals, comprising Realty and Raymond Ltd. (Engineering), now generating 49% of the YTD EBITDA. This indicates an increasingly balanced, multi-engine growth profile for the group. Raymond Lifestyle Limited (RLL) continues to be an anchor profit engine, contributing 55% of Q2 EBITDA (₹270 crore) and 51% of YTD EBITDA (₹404 crore), showing steady single-digit expansion.
Segmental Performance Highlights
Raymond Lifestyle Limited (RLL)
RLL reported a 14% YoY increase in total income for Q2 FY27, reaching ₹2,125 crore. EBITDA grew by 4% to ₹270 crore, despite a 120 bps YoY contraction in EBITDA margin to 12.7% due to increased marketing investments and higher operational costs. The segment experienced significant balance sheet deleveraging, turning net cash positive to ₹69 crore in September 2026.
For H1 FY27, RLL’s total income expanded 10% YoY to ₹3,685 crore, with EBITDA growing by 6% to ₹404 crore. The EBITDA margin contracted by 40 bps YoY to 11.0%.
Raymond Realty Limited (RRL)
Raymond Realty demonstrated a strong booking value trajectory, with Q2 FY27 booking value up 98% YoY to ₹902 crore. Total income for Q2 FY27 grew by a steady 7% YoY to ₹757 crore. EBITDA increased by 14% YoY to ₹115 crore, with an improved EBITDA margin of 15%.
In H1 FY27, booking value surged 111% YoY to ₹1,602 crore, and total income grew by 18% YoY to ₹1,293 crore. EBITDA rose by 30% YoY to ₹185 crore, with the EBITDA margin at 14%.
Raymond Limited – Engineering
The Engineering segment saw a robust 21% YoY increase in total income for Q2 FY27, reaching ₹683 crore. The Aerospace & Defence revenue achieved an all-time high of ₹139 crore, growing 72% YoY. Precision Tech & Auto Components revenue increased by 15% YoY to ₹471 crore. Consolidated EBITDA for the segment grew by 30% YoY to ₹103 crore.
For H1 FY27, total income increased by 17% YoY to ₹1,311 crore. Aerospace & Defence revenue grew 56% YoY to ₹262 crore, and Precision Tech & Auto Components revenue rose by 13% YoY to ₹915 crore. Consolidated EBITDA for H1 FY27 was ₹203 crore, a 22% YoY increase.
Balance Sheet Health and Outlook
Across the group, there is a focus on balance sheet health and strategic liability management. The company maintained a net cash surplus of ₹77 crore as of September 2026, supporting disciplined growth investments. The company’s overall debt profile and maturity remain strategically managed.
Source: BSE
