Stock Report

Raymond Lifestyle Limited Reports Q1 FY27 Results: Operational Revenue Reaches ₹151,551 Lakhs Driven by 50% Surge in Garmenting

Posted On : 2026-08-01 14:23:34( TIMEZONE : IST )

Raymond Lifestyle Limited has announced its unaudited financial results for the first quarter ended June 30, 2026 (Q1 FY27). The company demonstrated steady top-line growth, recording total consolidated income of ₹156,027 lakhs compared to ₹147,495 lakhs in Q1 FY26, representing a 5.8% year-over-year increase. On a standalone basis, operational revenue reached ₹111,100 lakhs, up from ₹110,558 lakhs reported in the corresponding period of the previous fiscal.

Executive Summary & Financial Highlights

Consolidated Performance

Revenue from Operations: Stood at ₹151,551 lakhs in Q1 FY27, up 5.95% YoY from ₹143,043 lakhs in Q1 FY26, though lower sequentially against ₹177,645 lakhs in Q4 FY26.

Total Income: Recorded at ₹156,027 lakhs, compared to ₹147,495 lakhs in Q1 FY26 and ₹181,032 lakhs in Q4 FY26.

EBITDA: Consolidated EBITDA reached ₹135 crore (₹13,500 lakhs), reflecting an 11% YoY growth compared to ₹122 crore in Q1 FY26. The EBITDA margin expanded by 40 basis points to 8.6%.

Net Loss After Tax: The consolidated net loss for the quarter stood at ₹2,259 lakhs, compared to a loss of ₹1,982 lakhs in Q1 FY26 and a loss of ₹5,206 lakhs in Q4 FY26.

Earnings Per Share (EPS): Basic and diluted EPS for the quarter was (₹3.71) per share of face value ₹2 each, compared to (₹3.25) in Q1 FY26.

Balance Sheet Position: Raymond Lifestyle Limited transitioned to a net-cash position of ₹154 crore in Q1 FY27, improving from a net-debt position of ₹55 crore in Q1 FY26.

Standalone Performance

Revenue from Operations: Came in at ₹111,100 lakhs (vs. ₹110,558 lakhs in Q1 FY26).

Total Income: Stood at ₹115,857 lakhs (vs. ₹115,327 lakhs in Q1 FY26).

Net Loss After Tax: Reached ₹3,486 lakhs for Q1 FY27 (vs. a loss of ₹165 lakhs in Q1 FY26 and a loss of ₹6,121 lakhs in Q4 FY26).

Basic & Diluted EPS: Recorded at (₹5.72) per share.

Operating Expenditure & Cost Dynamics

Consolidated total expenses for Q1 FY27 rose 6.59% YoY to ₹159,860 lakhs, compared to ₹149,972 lakhs in Q1 FY26.

Cost of Materials Consumed: Increased to ₹35,792 lakhs (vs. ₹26,149 lakhs in Q1 FY26).

Purchases of Stock-in-Trade: Decreased to ₹36,531 lakhs (vs. ₹43,585 lakhs in Q1 FY26).

Changes in Inventories: Recorded at ₹(2,638) lakhs (vs. ₹(5,822) lakhs in Q1 FY26).

Employee Benefits Expense: Stood at ₹23,861 lakhs (vs. ₹24,357 lakhs in Q1 FY26).

Finance Costs: Increased to ₹6,348 lakhs (vs. ₹5,745 lakhs in Q1 FY26).

Depreciation and Amortisation Expense: Rose to ₹10,941 lakhs (vs. ₹8,884 lakhs in Q1 FY26).

Manufacturing & Operating Costs: Stood at ₹16,647 lakhs (vs. ₹17,191 lakhs in Q1 FY26).

Other Expenses: Rose to ₹32,378 lakhs (vs. ₹29,883 lakhs in Q1 FY26).

Tax credit for the consolidated entity stood at ₹1,574 lakhs (comprising current tax expense of ₹489 lakhs and deferred tax credit of ₹2,063 lakhs), compared to a total tax credit of ₹495 lakhs in Q1 FY26.

Consolidated Segment Performance Breakdown

                             Q1 FY27 Segment Revenue Distribution
    ┌─────────────────────────────────────────────────────────────────────────────────┐
    │  Textile: ₹68,374 Lakhs (45.1%)                                                 │
    ├───────────────────────────────┬───────────────────────────────┬─────────────────┤
    │  Apparel: ₹34,874 Lakhs (23%) │ Garmenting: ₹29,553 Lakhs(19%)│ Others (12.9%)  │
    └───────────────────────────────┴───────────────────────────────┴─────────────────┘

Textile

Revenue: ₹68,374 lakhs in Q1 FY27, compared to ₹69,925 lakhs in Q1 FY26, reflecting a mild drop due to high base effects from the previous year.

Segment Results: Reported a profit of ₹3,314 lakhs (vs. ₹6,970 lakhs in Q1 FY26). On a standalone segment EBITDA level, the division generated ₹95 crore with a margin of 13.9% (vs. 15.3% in Q1 FY26), impacted by scale deleverage despite resilient product mix amidst inflationary raw material pressures.

Garmenting

Revenue: Surged by 50% YoY to ₹29,553 lakhs (₹296 crore) from ₹19,704 lakhs (₹197 crore) in Q1 FY26. Growth was propelled by robust order book execution following US-India tariff rationalization, the UK FTA implementation, and the onboarding of new international clients.

Segment Results: Turned around to a profit of ₹1,384 lakhs in Q1 FY27, compared to a segment loss of ₹1,491 lakhs in Q1 FY26. EBITDA turned positive to ₹22 crore (7.3% margin) from a negative ₹8 crore (-4.1% margin) in Q1 FY26.

Apparel

Revenue: Increased 4.23% YoY to ₹34,874 lakhs (₹349 crore) from ₹33,459 lakhs (₹335 crore) in Q1 FY26. Casual brands recorded double-digit growth, supported by strong performance across Large Format Stores (LFS) and online e-commerce channels.

Segment Results: Registered a segment loss of ₹1,821 lakhs (vs. a loss of ₹1,377 lakhs in Q1 FY26). EBITDA stood at ₹18 crore (5.1% margin) vs. ₹26 crore (7.8% margin) in Q1 FY26 due to channel mix variations.

Shirting (High Value Cotton)

Revenue: Recorded at ₹19,524 lakhs (₹195 crore) vs. ₹20,477 lakhs (₹205 crore) in Q1 FY26 due to base effect.

Segment Results: Profit stood at ₹880 lakhs (vs. ₹920 lakhs in Q1 FY26). Segment EBITDA remained stable at ₹19 crore, with margins expanding to 9.7% from 9.1% in Q1 FY26, driven by an improved product mix.

Emerging Businesses

Revenue: Rose 8.61% YoY to ₹7,888 lakhs (₹79 crore) from ₹7,263 lakhs (₹73 crore) in Q1 FY26. This portfolio includes Ethnix by Raymond, Raymond Home, Park Avenue Innerwear, Chairman's Collections, and Sexual Wellness.

Segment Results: Reported a segment loss of ₹3,808 lakhs (vs. a loss of ₹2,971 lakhs in Q1 FY26), reflecting ongoing tactical growth investments.

Retail Network and ESG Commitments

Retail Footprint: Raymond Lifestyle Limited operated a total network of 1,627 stores as of June 30, 2026, compared to 1,675 stores on June 30, 2025, following targeted network optimization to improve store economics.

ESG Roadmap: The company aims to achieve 40% female representation in its workforce by 2030, alongside zero-waste-to-landfill and Zero Liquid Discharge (ZLD) operational mandates. Climate goals include shifting 25% of energy consumption to renewable sources and reducing Scope 1 and Scope 2 emissions by 15% by 2030.

Key Financial Ratios (Standalone Disclosure)

Key operational metrics for the quarter ended June 30, 2026, include:

Debt-Equity Ratio: 0.10 times (vs. 0.10 times in Q1 FY26)

Interest Service Coverage Ratio (ISCR): 1.79 times (vs. 2.39 times in Q1 FY26)

Debt Service Coverage Ratio (DSCR): 0.43 times (vs. 0.59 times in Q1 FY26)

Current Ratio: 1.28 times (vs. 1.58 times in Q1 FY26)

Operating Margin (%): 4.56% (vs. 6.63% in Q1 FY26)

Net Profit Margin (%): -3.14% (vs. -0.15% in Q1 FY26)

Total Debts to Total Assets Ratio: 7.12% (vs. 7.12% in Q1 FY26)

Debtors Turnover Ratio: 6.38 times (vs. 6.68 times in Q1 FY26)

Inventory Turnover Ratio: 1.66 times (vs. 1.75 times in Q1 FY26)

Net Worth: ₹949,361 lakhs (vs. ₹947,977 lakhs as of June 30, 2025)

Commenting on the performance, Satyaki Ghosh, Wholetime Director & CEO of Raymond Lifestyle Limited said; "Building on our solid foundation from FY26, Q1 FY27 has delivered steady performance marked by strong international traction and sustained domestic demand. Our Garmenting business achieved an exceptional 50%+ growth, demonstrating the strategic advantages of global trade tailwinds like the US-India Tariff rationalisation and upcoming FTAs with the UK and EU. While short-term macroeconomic pressures and elevated raw material costs have weighed on overall margins, our resilient product mix, debt-free balance sheet, and strong net-cash position of ₹154 Cr give us immense operational flexibility. As we navigate the year ahead, we remain focused on strengthening our brands, innovating on our premium and casual offerings, driving retail maturity, and executing our long-term ESG and digital priorities to create sustainable stakeholder value."

Shares of Raymond Lifestyle Limited was last trading in BSE at Rs. 709.60 as compared to the previous close of Rs. 732.70. The total number of shares traded during the day was 11588 in over 703 trades.

The stock hit an intraday high of Rs. 749.95 and intraday low of 705.10. The net turnover during the day was Rs. 8380100.00.