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Raymond Lifestyle Ltd reported a narrowed net loss of ₹19.82 crore for the first quarter of FY26, compared to a loss of ₹23.21 crore in the same period last year, as improved performance in its Branded Textile and Apparel segments drove topline growth during what is typically its weakest quarter.
Total income rose 18% year-on-year to ₹1,475 crore in Q1, supported by robust sales in the Branded Textile segment, which saw revenue increase 27% to ₹716 crore from ₹565 crore a year ago. The company attributed the growth to higher volumes, an uptick in wedding dates, and stronger consumer demand.
EBITDA for the quarter stood at ₹122 crore, up 36% year-on-year, with margins improving to 8.2%. The Branded Textile segment contributed significantly, with EBITDA doubling to ₹103 crore and margins expanding to 14.3% from 9.6% last year due to improved product mix and operating leverage.
The Branded Apparel division also posted growth, with revenue rising to ₹370 crore from ₹303 crore in Q1 FY25. The segment maintained a stable EBITDA margin of 5%, supported by operational efficiencies and stronger visibility through higher marketing spends. Growth was broad-based across brands, exclusive brand outlets (EBOs), multi-brand outlets, and online channels.
High-Value Cotton Shirting revenue rose 10% to ₹205 crore, buoyed by strong B2B demand, while the Garmenting segment declined to ₹197 crore from ₹252 crore, impacted by uncertainty surrounding U.S. tariff announcements.
Raymond Lifestyle closed the quarter with 1,675 stores after exiting underperforming locations as part of a retail network optimization strategy.
“We’re encouraged by signs of demand recovery across lifestyle segments,” said Gautam Hari Singhania, Executive Chairman. “While optimistic, we remain cautious amid global macroeconomic uncertainties and are monitoring developments like the UK-India FTA and U.S. tariff shifts.”
Singhania reaffirmed the company's long-term vision: “Raymond 2.0 will be anchored on Lifestyle, Real Estate, and Engineering.”
(Source: PTI)
