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India’s Raymond Lifestyle’s Q1 earnings grow 11%; garmenting jumps 50%
Pic: Kiran-Sharma / Shutterstock.com
Insights
- Raymond Lifestyle has reported a stable Q1 FY27, with total income rising 6 per cent YoY to ₹1,560 crore (~$163.7 million) and EBITDA up 11 per cent to ₹135 crore (~$14.17 million).
- Strong garmenting growth, driven by export demand and trade tailwinds, offset softer textile performance.
- The company also strengthened its balance sheet, ending the quarter with a net cash position.
Indian premium clothing and accessories company Raymond Lifestyle Limited has reported a stable performance in the first quarter (Q1) of fiscal 2027 (FY27), with total income rising 6 per cent year on year (YoY) to ₹1,560 crore (~$163.7 million), while earnings before interest, taxes, depreciation, and amortisation (EBITDA) increased 11 per cent to ₹135 crore (~$14.17 million), supported by premiumisation in its domestic business and a sharp recovery in garment exports.
EBITDA margin improved to 8.6 per cent from 8.2 per cent a year earlier. However, it posted a pre-tax loss (before exceptional items) of ₹38 crore, compared with a loss of ₹25 crore in the corresponding quarter last year
Raymond Lifestyle has reported a stable Q1 FY27, with total income rising 6 per cent YoY to ₹1,560 crore (~$163.7 million) and EBITDA up 11 per cent to ₹135 crore (~$14.17 million).
Strong garmenting growth, driven by export demand and trade tailwinds, offset softer textile performance.
The company also strengthened its balance sheet, ending the quarter with a net cash position.
The garmenting business emerged as the strongest performer, with revenue surging 50 per cent YoY to ₹296 crore from ₹197 crore. The company attributed the growth to execution of a strong order book following the US-India tariff rationalisation, onboarding of new global customers and benefits from the India-UK Free Trade Agreement. The segment returned to profitability with EBITDA of ₹22 crore (~$2.31 million), compared with a loss of ₹8 crore a year earlier
The branded textile segment reported revenue of ₹684 crore (~$71.79 million), down slightly from ₹699 crore due to a high base in the previous year. EBITDA declined to ₹95 crore from ₹107 crore as inflationary raw material costs and lower operating leverage weighed on margins
The branded apparel business recorded revenue growth of 4 per cent to ₹349 crore, led by double-digit growth in casual brands and strong performance across large-format stores and online channels. EBITDA, however, fell to ₹18 crore from ₹26 crore because of an unfavourable channel mix, Raymond Lifestyle said in a press release
The high-value cotton shirting business generated revenue of ₹195 crore, down from ₹205 crore, while EBITDA remained unchanged at ₹19 crore, supported by an improved product mix despite higher raw material prices. Revenue from the company’s emerging businesses increased 9 per cent to ₹79 crore
The company ended the quarter with 1,627 stores, compared with 1,675 a year earlier, as it continued to optimise its retail network. The company also strengthened its balance sheet, reporting a net cash position of ₹154 crore, compared with a net debt of ₹55 crore in the corresponding quarter of FY26
Commenting on the results, Satyaki Ghosh, whole-time director and CEO, said the company’s performance reflected strong international demand and resilient domestic consumption
“Our garmenting business achieved an exceptional 50 per cent+ growth, demonstrating the strategic advantages of global trade tailwinds like the US-India Tariff rationalisation and upcoming FTAs with the UK and EU,” added Ghosh
He further said that the company would remain focused on strengthening its brands, innovating across its premium and casual offerings, driving retail maturity, and executing its long-term ESG and digital priorities to create sustainable stakeholder value as it navigated the year ahead
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