Financial Performance Overview
Raymond Lifestyle Limited reported strong financial results for FY 2025-26 with consolidated revenue growth of 11% to ₹7,034 crore and EBITDA margin expansion of 120 basis points to 11.4%. Net profit stood at ₹46.17 crore, representing a 21% increase from the previous year. The company achieved net debt-free status with improved gearing ratios across its operations.
Segment Performance
Branded Textiles led performance with ₹3,435 crore revenue and 18% EBITDA margins, driven by wedding and festive demand. Branded Apparel contributed ₹1,812 crore with steady growth, while Garmenting faced challenges from US tariffs, generating ₹1,066 crore. High-Value Cotton Shirting delivered stable performance with ₹818 crore revenue despite input cost pressures.
Dividend and Corporate Actions
The Board recommended a final dividend of ₹1 per equity share (face value ₹2) for FY26, subject to shareholder approval at the 8th Annual General Meeting scheduled for July 14, 2026. The record date for dividend eligibility is June 29, 2026.
AGM Agenda and Governance
The AGM will address ordinary business including adoption of financial statements, dividend declaration, and director appointments. Special business includes ratification of cost auditor remuneration and approval of commission to non-executive directors. The company maintained robust corporate governance with 8 board committees and comprehensive risk management frameworks addressing foreign exchange exposure (₹13,120 lakhs), interest rate risk, and credit risk.
Subsidiary Performance and Structure
The company maintains 100% ownership in 10 subsidiaries, with Raymond Luxury Cottons Limited (revenue ₹817.53 crore, PAT ₹15.15 crore) and Silver Spark Apparel Limited (revenue ₹848.73 crore) as material subsidiaries. Investments in subsidiaries totaled ₹1,18,145 lakhs.
Risk Management and Exposure
Financial risk management detailed significant exposure to market risks including interest rate sensitivity (₹496 lakhs impact per 50bps change), foreign currency risk (5% USD movement impacts ₹909 lakhs), and credit risk with trade receivables of ₹107,271 lakhs and impairment provisions of ₹12,749 lakhs.
Corporate Developments
The company implemented the Raymond Lifestyle ESOP Plan 2025 post-demerger, granting 5,58,853 options at ₹1,041 per share. Related party transactions included ₹42,333 lakhs purchases from entities with significant influence and ₹16,970 lakhs sales to subsidiaries.
Regulatory Compliance and Disclosures
All financial statements received unmodified audit opinions from Walker Chandiok & Co LLP. The company maintained compliance with SEBI Listing Regulations, Companies Act 2013, and FEMA requirements, with contingent liabilities of ₹17,713 lakhs primarily relating to tax disputes.
Outlook and Strategy
For FY27, the company focuses on margin expansion, retail productivity, and disciplined capital allocation. Strategic priorities include premiumization, export diversification through India-EU FTA benefits, digital transformation, and scaling emerging categories like Ethnix by Raymond and premium innerwear.