Chandigarh, 30th October 2025: Raymond Lifestyle Limited today announced its unaudited financial results for the quarter ended 30th September 2025.
Raymond Lifestyle Limited has delivered a good Q2 performance, with a Y-o-Y growth of 8% and a Total Income of ₹ 1,865 Cr. This strong result was primarily fuelled by an acceleration in domestic demand and consumption across India, which translated into significant volume growth within our core Branded Textile & Branded Apparel segments. Our EBITDA of ₹259 crore, at a margin of 13.9%, was achieved despite consciously increasing advertising expenditure, a calibrated investment to strengthen long-term brand equity and consumer engagement. This growth in EBITDA reflects not only the higher sales volume generated by the resilient Indian consumer but also the benefit of an improved product mix, scale benefit and better operating leverage combined with selective pruning of under-performing stores. We are successfully capitalizing on the buoyant consumer sentiment in the home market.
However, the growth in Domestic consumption and our sales was partly offsetted, as our international business, particularly the garmenting and B2B export segments, faced considerable headwinds. The imposition of steep US tariffs significantly impacted our global competitiveness, leading to order deferrals and margin pressure from key overseas buyers. Despite this external challenge, the powerful rebound in domestic consumption fully cushioned the impact, allowing us to post positive overall growth.
Commenting on the performance, Gautam Hari Singhania, Executive Chairman of Raymond Lifestyle Limited said; “Our quarterly performance reflects encouraging momentum driven by a strong domestic demand across core lifestyle categories. Even as we navigate global macroeconomic headwinds, we remain focused on agility and strategic foresight—closely tracking opportunities from the UK-India Free Trade Agreement and potential risks from US tariff changes. This disciplined approach ensures we continue creating enduring value for all stakeholders.”
Q2 FY26 Segmental Performance (Post IND AS 116)
Branded Textile segment revenue grew by 10% to ₹ 937 Cr in Q2 FY26 vs ₹ 854 Cr in Q2 FY25 mainly on account of robust volume growth, higher wedding dates and increased consumer awareness as compared to the previous year. EBITDA grew by 16% to ₹ 188 Cr in Q2 FY26 as compared to ₹ 161 Cr in Q2FY25, with EBITDA margin of 20.0% in Q2 FY26 vs 18.9% in Q2 FY25 on account of improved product mix and strong volume growth.
Branded Apparel segment revenue stood at ₹ 491 Cr in Q2 FY26 as compared to ₹ 441 Cr in the same quarter last year, reflecting a growth of 11% Y-o-Y. The growth was witnessed across all brands and key channels such as LFS, EBO’s, MBO’s and online. The segment reported an EBITDA of ₹ 25 Cr in Q2 FY26 as compared to ₹ 57 Cr in Q2FY25 with an EBITDA margin of 5.2% in Q2 FY26 vs 13.0% in Q2 FY25, on account of increased marketing spends and lower sales achieved in new stores which were opened in the last 12 months.
As on September 30, 2025, our store count was 1,663 stores vs. 1,592 stores on September 30, 2024. The recently opened stores are expected to take some more time to reach full maturity. Our ongoing drive for optimization of our retail network continues, to ensure our retail footprint is precisely aligned with our long-term growth and profitability objectives.
Garmenting segment reported revenue at ₹ 269 Cr in Q2 FY26 as compared to ₹ 260 Cr in the same quarter previous year, reflecting a growth of 4% Y-o-Y, despite continued uncertainty on account of US Tariffs Announcements. EBITDA margin for the quarter was 5.4% in Q2 FY26 vs 9.6% in Q2 FY25, impacted on account of US Tariffs and scale deleverage.
High Value Cotton Shirting segment reported revenue of ₹ 212 Cr in Q2 FY26 as compared to ₹228 Cr in Q2 FY25, a (7%) Y-o-Y de-growth on account of subdued demand. The segment reported an EBITDA of ₹ 25 Cr in Q2 FY26 as compared to ₹22 Cr in Q2 FY25, with an EBITDA margin of 11.8% in Q2 FY26 vs 9.7% in Q2 FY25. This growth was predominantly on account of improved product mix.
Raymond Lifestyle Limited has a net-debt position of ₹ 246 Cr in Q2 FY26, as we are building the inventory for the upcoming festive and wedding season.