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Raymond Lifestyle reported a consolidated net loss of ₹44.95 crore for the quarter ended March 2025, reversing a profit of ₹235.58 crore in the same period last year. The decline was attributed to weak consumer demand and operational disruptions caused by a ransomware attack.
Revenue from operations fell 11.3% year-on-year to ₹1,494.15 crore, down from ₹1,684.55 crore. The company said its EBITDA for the quarter stood at ₹99 crore with a margin of 6.3%, impacted by inflation and temporary system outages caused by the cyber incident.
Expenses rose 4.45% to ₹1,625.08 crore. Segment-wise, the textile business saw revenue drop 21% to ₹727.35 crore, while branded apparel declined 4.26% to ₹391.2 crore. The apparel segment’s EBITDA margin fell sharply to 0.4% from 13.5% a year ago due to store expansion and an unfavorable sales mix. Garmenting revenue remained flat at ₹248 crore, affected by cautious customer spending ahead of U.S. tariff announcements. Total income, including other income, was down 8.5% to ₹1,579.77 crore.
For FY25, Raymond Lifestyle reported a net profit of ₹38.19 crore, with annual income down 5% to ₹6,689.80 crore. Executive Chairman Gautam Singhania said the year was marked by macroeconomic challenges but reaffirmed commitment to expansion, highlighting the addition of 170 new stores.
Listed in September 2024 after demerging from Raymond Ltd, the company owns brands such as Park Avenue, ColorPlus, and Ethnix.
(Courtesy: PTI)
