Raymond Lifestyle Limited reported a healthy set of numbers for the quarter ended September 30, 2025, delivering an 8% year-on-year (YoY) growth in total income to ₹1,865 crore, driven by strong domestic consumption and robust demand across its branded textile and apparel segments. EBITDA rose 7% YoY to ₹259 crore, while the margin stood steady at 13.9%, in line with the previous year.
Profit before tax (PBT) stood at ₹108 crore compared to ₹112 crore a year ago, as higher advertising expenditure and calibrated investments in brand building weighed on margins. Despite these expenses, the company maintained profitability and reported a PBT margin of 5.8%.
Segmental performance
The Branded Textile segment continued to lead growth, with revenue up 10% YoY to ₹937 crore, supported by strong wedding-related demand, increased consumer awareness, and robust volume growth. EBITDA from this segment grew 16% YoY to ₹188 crore, with margins improving to 20.0% from 18.9% last year.
The Branded Apparel segment posted revenue of ₹491 crore, up 11% YoY, though EBITDA fell to ₹25 crore from ₹57 crore in Q2 FY25, with margins at 5.2% versus 13.0% last year. The company attributed this decline to increased marketing spends and the slower ramp-up of newly opened stores.
The Garmenting segment reported revenue of ₹269 crore, up 4% YoY, though EBITDA margins contracted to 5.4% due to the impact of U.S. tariffs and global demand headwinds. The High Value Cotton Shirting segment saw a slight decline in revenue to ₹212 crore, down 7% YoY, though EBITDA improved to ₹25 crore on account of a better product mix.
As of September 30, 2025, Raymond Lifestyle operated 1,663 stores, up from 1,592 a year earlier, reflecting its continued retail expansion strategy.
Management commentary
Commenting on the results, Gautam Hari Singhania, Executive Chairman of Raymond Lifestyle Limited, said, “Our quarterly performance reflects encouraging momentum driven by strong domestic demand across core lifestyle categories. Even as we navigate global macroeconomic headwinds, we remain focused on agility and strategic foresight—closely tracking opportunities from the UK-India Free Trade Agreement and potential risks from U.S. tariff changes. This disciplined approach ensures we continue creating enduring value for all stakeholders.”
Raymond Lifestyle ended the quarter with a net debt position of ₹246 crore, positioning itself for the upcoming festive and wedding season. The company continues to focus on brand equity strengthening, product mix optimization, and retail footprint rationalization to sustain profitability in the coming quarters.
