Raymond Lifestyle Ltd. posted a consolidated net loss of Rs. 45 crore (US $ 5.27 million) for the fourth quarter ended 31st March 2025, as compared to a profit of Rs. 236 crore (US $ 27.68 million) in the same quarter last year, which had brought benefits from a one-time gain from its putting an end to the FMCG business.
The company attributed the loss to persistent high inflation, muted consumer sentiment, and a ransomware attack that led to system outages and supply chain disruptions. The recession was driven by continued high inflation, feeble consumer demand, and operational slowdown caused by a ransomware attack that disrupted systems as well as delayed supply chains.
Raymond Lifestyle’s consolidated revenue from operations dropped 11 per cent YoY to Rs. 1,494 crore (US $ 175 million) in Q4, compared to Rs. 1,685 crore (US $ 197 million) in the corresponding quarter of FY ’24. For the full fiscal year FY ’25, revenue declined to Rs. 6,177 crore (US $ 724 million) from Rs. 6,535 crore (US $ 766 million) in FY ’24. Total income stood at Rs. 6,360 crore (US $ 746) with an EBITDA of Rs. 651 crore (US $ 76.36 million), reflecting a reduced margin of 10.2 per cent as compared to the previous fiscal year.
The company struggled with macroeconomic defies such as comprehensive heatwaves, disturbances due to general elections, and a trim number of dates of weddings. However, Raymond continued its growth in retail, adding 170 newfangled stores in FY ’25 and increasing its total count to 1,688, including 152 Ethnix outlets.
Segment-wise, Branded Textile revenue declined 21 per cent to Rs. 727 crore (US $ 85.27 million), with EBITDA margins contracting to 7 per cent. Branded Apparel reported revenue of Rs. 391 crore (US $ 45.86 million), down from Rs. 409 crore (US $ 47.97 million), as EBITDA margin dropped sharply to 0.4 per cent in the middle of higher retail costs for expansion and an unfavorable channel mix. Revenue pertaining to garmenting remained steady at Rs. 248 crore (US $ 29.1), but the segment posted a depressing EBITDA of -2.9 per cent due to onboarding and costs of training for fresh customers. High-value cotton shirting saw its top line decline to Rs. 185 crore (US $ 21.7 million), though its EBITDA margin rose due to a one-time subsidy.
The firm is hopeful for FY ’26 while closing FY ’25 with a net cash surplus of Rs. 90 crore (US $ 10.56 million), aided by premature demand revival signals and encouraging export opportunities emanating from the India-UK Free Trade Agreement.
