Domestic demand supports revenue growth; export margins are impacted by US tariffs
Raymond Lifestyle on Wednesday reported a consolidated profit before tax (PBT) of Rs 108 crore for the quarter ended September 30, 2025, compared with Rs 112 crore a year earlier. The company’s total income increased 8 per cent year-on-year to Rs 1,865 crore, supported by higher domestic consumption.
Earnings before interest, tax, depreciation and amortisation (Ebitda) stood at Rs 259 crore, up 7 per cent from Rs 242 crore in the year-ago period. The Ebitda margin remained stable at 13.9 per cent, while the PBT margin was 5.8 per cent, compared with 6.5 per cent in Q2 FY25.
For the first half of FY26, total income rose 12 per cent to Rs 3,340 crore from Rs 2,985 crore a year earlier. Ebitda increased 15 per cent to Rs 381 crore, while PBT for the period stood at Rs 83 crore, compared with Rs 80 crore a year ago.
The quarterly performance reflects encouraging momentum driven by domestic demand across core lifestyle categories. Even as we navigate global headwinds, our focus remains on agility and strategic foresight, including opportunities from the UK-India Free Trade Agreement and monitoring potential risks from US tariff changes,” said Gautam Hari Singhania, Executive Chairman, Raymond Lifestyle.
The company said its Ebitda of Rs 259 crore, at a margin of 13.9 per cent, was achieved alongside higher advertising expenditure and continued investment in brand engagement.
In segmental terms, the Branded Textile business recorded a 10 per cent increase in revenue to Rs 937 crore, with Ebitda up 16 per cent to Rs 188 crore** and margins improving to 20 per cent.
The Branded Apparel division reported an 11 per cent rise in revenue to Rs 491 crore, though Ebitda declined to Rs 25 crore from Rs 57 crore a year earlier.
The Garmenting segment posted a 4 per cent rise in revenue to Rs 269 crore, with margins affected by tariff-related issues and lower capacity utilisation. The High-Value Cotton Shirting business saw a 7 per cent drop in revenue to Rs 212 crore, though margins improved due to a better product mix.
Raymond Lifestyle closed the quarter with net debt of Rs 246 crore.
Founded over a century ago, Raymond Lifestyle is among India’s largest integrated textile and apparel manufacturers. Its portfolio includes Park Avenue, ColorPlus, Parx, Raymond Ready to Wear, and Ethnix by Raymond, with over 1,650 stores across 600 towns and cities.
