RAYMONDLSL
Raymond Lifestyle share price & financials
- Price
- ₹810.65
- Market cap
- ₹4.5k Cr
- Sector
- Textiles
- Calls analysed
- 7
Raymond Lifestyle Limited Q1 FY27
What went well
- Total income of INR1,560 crores in Q1 FY27, representing a 6% year-on-year growth.
- EBITDA for the quarter rose to INR135 crores, an 11% year-on-year growth, resulting in an improved EBITDA margin of 8.6%, a 40 basis point expansion over the same period last year.
- Sustained debt-free status with a net cash surplus of INR154 crores in June '26, a marked improvement from a net debt position of INR55 crores in June '25, which is a INR209 crores swing within the year.
What to watch
- Geopolitical and macroeconomic headwinds including Brent crude at USD100, anticipated Federal Reserve rate hikes, El Nino conditions, and persistent inflation (RBI adjusted FY27 growth outlook to 6.6% from 6.9%, CPI projections revised to 5.1%).
- Branded Textiles revenue declined to INR684 crores from INR699 crores in Q1 FY26, primarily due to base effect and scale deleverage, with EBITDA of INR95 crores (vs INR107 crores last year).
What Raymond Lifestyle Limited does
Raymond Lifestyle makes and sells branded textiles and apparel through four reported segments: Branded Textile (wool and linen suiting fabric), Branded Apparel (formal and casual wear sold via large-format stores, exclusive brand outlets, multi-brand outlets and online), Garmenting (B2B garment manufacturing and export to customers in the US, UK and EU), and High Value Cotton Shirting (B2B cotton shirting fabric). It reaches consumers directly through its own exclusive retail network (TRS, MTM and EBO store formats) across India, and has recently added a luxury retail format under the 'Chairman's Collection' banner. It also runs garment manufacturing capacity including a newly commissioned factory in Hyderabad.
Segments
- Branded Textile
- Branded Apparel
- Garmenting
- High Value Cotton Shirting
- Exclusive retail stores
- 1,653 stores (as of Mar 2026)
- Store network change (FY26)
- 89 new premium stores opened; 124 underperforming stores exited
- Store formats
- TRS, MTM and EBO exclusive retail store formats across India
- Retail distribution channels
- Large-format stores (LFS), EBOs, MBOs and online channels
- Manufacturing facilities
- Plant/registered office at MIDC Waluj, Chhatrapati Sambhajinagar, Maharashtra; separate cotton-shirting plant at Amravati
- New garmenting factory
- New garment manufacturing facility commissioned in Hyderabad (FY26)
Guidance record · Q1 FY27
what the last two calls moved 23 tracked 3 delivered 5 missed 15 open- Revenue Growth delivered said Q3 FY25 Promised: Return to growth trajectory in FY26 Q1 FY27: Promise related to FY26 performance, which was successfully achieved. No further updates.
- Garmenting EBITDA Margin missed said Q3 FY25 Promised: double-digit Q1 FY27: Q1 FY27 margin improved significantly to 7.3%. Management has revived the double-digit margin goal as a new aspirational target, but the original promise remains missed in its initial context.
- Sustainable EBITDA Margin at risk said Q3 FY25 Promised: 15% once retail expansion stabilized Q1 FY27: Q1 FY27 consolidated EBITDA margin was 8.6%, remaining significantly below the 15% sustainable target. Management focus has shifted to segment-level margin recovery.
All 23 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 0.5%, net profit down 1650.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,315 | 1,340 | 1,143 | 1,106 | 1,457 +11% | 1,466 +9% | 1,327 +16% | 1,111 +0% |
| EBITDA | 172 | 152 | 5 | 73 | 183 +6% | 203 +34% | 84 +1580% | 51 −30% |
| Net profit | 26 | 53 | -64 | -2 | 65 +150% | 49 −8% | -61 +5% | -35 −1650% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −47.1% 1Y
1Y: ₹1,309.1 on 10 Sept 2025 → ₹692. High ₹1,329.8 (16 Sept 2025), low ₹637.15 (1 Sept 2026).
How the price took the results
close before → close after
- Q1 FY27
- −1.8%
- 7 Aug
- Q4 FY26
- −2.0%
- 7 May
- Q3 FY26
- +2.8%
- 27 Jan
- Q2 FY26
- +0.8%
- 29 Oct
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue fell 13.3% a year over 3 years, FY23 to FY26. Operating margin narrowed to 10.1%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹8.2k Cr | ₹4.5k Cr | ₹4.7k Cr | ₹5.4k Cr |
| Operating profit | ₹1.2k Cr | ₹672 Cr | ₹366 Cr | ₹543 Cr |
| Operating margin | 14.5% | 14.8% | 7.8% | 10.1% |
| Interest | ₹256 Cr | ₹125 Cr | ₹183 Cr | ₹204 Cr |
| Depreciation | ₹236 Cr | ₹164 Cr | ₹256 Cr | ₹305 Cr |
| Net profit | ₹537 Cr | ₹1.5k Cr | ₹-9 Cr | ₹51 Cr |
| Net margin | 6.5% | 33.7% | -0.2% | 1.0% |
| Cash from operations | — | ₹-21 Cr | ₹494 Cr | ₹342 Cr |
| Free cash flow | — | ₹-110 Cr | ₹355 Cr | ₹244 Cr |
| ROCE | 25.0% | 13.0% | 2.0% | 3.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹3 Cr | ₹3 Cr | ₹3 Cr | ₹2 Cr | ₹12 Cr | ₹12 Cr |
| Reserves | ₹89 Cr | ₹104 Cr | ₹138 Cr | ₹9.6k Cr | ₹9.6k Cr | ₹9.5k Cr |
| Borrowings | ₹0 Cr | ₹8 Cr | ₹5 Cr | ₹1.3k Cr | ₹2.5k Cr | ₹1.8k Cr |
| Other liabilities | ₹178 Cr | ₹183 Cr | ₹169 Cr | ₹1.5k Cr | ₹2.1k Cr | ₹1.8k Cr |
| Total liabilities | ₹270 Cr | ₹298 Cr | ₹314 Cr | ₹12.5k Cr | ₹14.2k Cr | ₹13.1k Cr |
| Fixed assets | ₹33 Cr | ₹18 Cr | ₹15 Cr | ₹6.2k Cr | ₹7.7k Cr | ₹6.5k Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹45 Cr | ₹157 Cr | ₹16 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹2.1k Cr | ₹1.0k Cr | ₹2.2k Cr |
| Other assets | ₹237 Cr | ₹280 Cr | ₹299 Cr | ₹4.1k Cr | ₹5.3k Cr | ₹4.4k Cr |
| Total assets | ₹270 Cr | ₹298 Cr | ₹314 Cr | ₹12.5k Cr | ₹14.2k Cr | ₹13.1k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Mutual funds in RAYMONDLSL
Filings to Aug 2026
0 new, 0 added, 1 trimmed, 0 sold out — net −2.76 L shares (−31.2%).
- Held by funds
- ₹40 Cr
- 1 schemes
- Biggest holder
- Nippon India Small Cap Fund
- ₹40 Cr · 0.1% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Small Cap Fund Nippon India Mutual Fund | ₹40 Cr | −2.76 L | Jul '24 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
0 added, 1 trimmed — net −2.76 L shares (−31.2%)
- Funds are sitting on
- -48%
- vs est. average cost
- Held by funds
- ₹40 Cr
- 1 schemes · ≈ 1.1% of the company
Shares held by these funds −14%
Jul '24 8.83 L shares Jul '26
All earnings calls (7)
Read the Q1 FY27 call →Learn to analyse Raymond Lifestyle Limited
Guides on how to read this kind of business and the numbers that matter.