Raymond Lifestyle Limited has reported steady growth for the quarter ended 30th September 2025, supported by robust domestic consumption and continued investments in brand building. The company’s unaudited financial results highlight consistent performance across key business segments despite a challenging global environment.
Total income for the quarter stood at Rs. 1,865 crore (US $ 210 million), marking an 8% year-on-year increase, underscoring the sustained strength of India’s lifestyle and fashion retail sector. The company recorded an EBITDA of Rs. 259 crore (US $ 29.26 million), translating to a margin of 13.9%. The results reflect a balance between growth and reinvestment, with higher advertising and marketing spends aimed at strengthening brand equity and consumer engagement.
The improvement in profitability was attributed to an enhanced product mix, scale efficiencies, and cost optimisation, supported by the selective closure of underperforming stores.
The Branded Textile segment reported a 10% rise in revenue to Rs. 937 crore (US $ 105 million), driven by strong wedding-related demand and improving consumer sentiment. Segment EBITDA increased by 16% to Rs. 188 crore (US $ 21.24 million), with margins expanding to 20%.
The Branded Apparel business registered a revenue of Rs. 491 crore (US $ 55.48 million), up 11% year-on-year, with growth seen across major brands and retail formats, including Large Format Stores (LFS), Exclusive Brand Outlets (EBOs), Multi-Brand Outlets (MBOs), and online channels. Segment EBITDA stood at Rs. 25 crore (US $ 2.82 million), compared to Rs. 57 crore (US $ 6.44 million) in Q2 FY ’25, reflecting higher marketing expenditure and the impact of new stores still ramping up to full productivity.
The Garmenting segment posted a 4% revenue increase to Rs. 269 crore (US $ 30.39 million), despite pressures from US tariffs that affected export margins. EBITDA margin for the segment stood at 5.4%, compared to 9.6% in the corresponding quarter last year.
Meanwhile, the High-Value Cotton Shirting division reported Rs. 212 crore (US $ 23.95 million) in revenue, down 7%, owing to muted demand; however, EBITDA improved to Rs. 25 crore (US $ 2.82 million), with margins at 11.8%, supported by a refined product mix.
As of 30th September 2025, Raymond Lifestyle operated 1,663 retail stores, up from 1,592 during the same period last year. The company said its expansion strategy continues to align retail growth with profitability objectives, with preparations underway for the upcoming festive and wedding seasons. Net debt stood at Rs. 246 crore (US $ 27.79 million) at the end of the quarter.
Commenting on the performance, Gautam Hari Singhania, Executive Chairman of Raymond Lifestyle Limited, said the quarterly results reflected “encouraging momentum driven by strong domestic demand across core lifestyle categories”. He noted that while global challenges remain, the company continues to “stay agile and strategically focused on leveraging opportunities from trade agreements and mitigating tariff-related risks”.
