Raymond Lifestyle Limited reported its financial performance for Q3 FY25, with revenue showing marginal year-on-year (YoY) growth but a significant decline in net profit. The company’s revenue from operations increased to Rs 1,796 crore, reflecting a 2% YoY rise from Rs 1,769 crore in Q3 FY24 and a 4% sequential growth from Rs 1,734 crore in Q2 FY25.
Net profit for the quarter declined sharply to Rs 64 crore, compared to Rs 162 crore in Q3 FY24, reflecting higher expenses and muted margins. Sequentially, net profit saw a 52% improvement from Rs 42 crore in Q2 FY25.
Key Financial Highlights:
- Revenue from operations: Rs 1,754 crore (up 2% YoY from Rs 1,726 crore, 3% QoQ from Rs 1,708 crore)
- Total income: Rs 1,796 crore (up 1% YoY from Rs 1,769 crore, 4% QoQ from Rs 1,734 crore)
- Total expenses: Rs 1,708 crore (up 10% YoY from Rs 1,554 crore, 3% QoQ from Rs 1,622 crore)
- Profit before tax: Rs 88 crore (down 59% YoY from Rs 213 crore, up 66% QoQ from Rs 53 crore)
- Net profit: Rs 64 crore (down 60% YoY from Rs 162 crore, up 52% QoQ from Rs 42 crore)
Expense Breakdown:
- Cost of materials consumed: Rs 360 crore (up 8% YoY)
- Purchases of stock-in-trade: Rs 378 crore
- Employee benefits expense: Rs 244 crore
- Depreciation and amortization: Rs 79 crore
Commenting on the performance, Sunil Kataria, Managing Director of Raymond Lifestyle Limited said; “Q3FY25 continued to be a challenging quarter for our business. Despite weaker market conditions, our efforts have resulted in low single digit revenue growth. Our continued focus on retail expansion led to opening of 135 new stores during the current financial year, reaching a total of 1,653 stores including 143 stores in Ethnix by Raymond. During the quarter we have expanded into the Innerwear Category by launching Park Avenue Innerwear, which has received positive feedback from the trade channel. Ourfocus remains on our strategy to build a long term sustainable and profitable business.”
Raymond Lifestyle continues its efforts in cost optimization while facing challenging market conditions.
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