Summary of Key Information:
Reporting Period: Quarter and Half Year ended September 30, 2026
Nature of Filing / Announcement: Outcome of Board Meeting - Unaudited Financial Results
Audit Opinion:
Clean opinion with no qualifications. The limited review report by Walker Chandiok & Co LLP states that nothing has come to their attention that causes them to believe the financial results contain any material misstatement.
Key Financial Highlights [₹ in lakhs]:
Consolidated Results:
Quarter ended September 30, 2026:
- Revenue from Operations: ₹207,510 (vs ₹183,240 in Q2 FY26, +13.2% YoY)
- Total Income: ₹212,456 (vs ₹186,543 in Q2 FY26, +13.9% YoY)
- EBITDA: Not explicitly stated but press release indicates ₹270 Cr (₹27,000 lakhs)
- Net Profit: ₹6,753 (vs ₹7,519 in Q2 FY26, -10.2% YoY)
- EPS: ₹11.08 (vs ₹12.34 in Q2 FY26)
Half year ended September 30, 2026:
- Revenue from Operations: ₹359,061 (vs ₹326,283 in H1 FY26, +10.0% YoY)
- Total Income: ₹368,483 (vs ₹334,038 in H1 FY26, +10.3% YoY)
- Net Profit: ₹4,494 (vs ₹5,537 in H1 FY26, -18.8% YoY)
- EPS: ₹7.38 (vs ₹9.09 in H1 FY26)
Consolidated Balance Sheet (as of September 30, 2026):
- Total Assets: ₹1,512,330
- Other Equity: ₹963,958
- Cash and Cash Equivalents: ₹41,716
- Total Debt: Borrowings of ₹188,191 (current) + ₹43,567 (non-current) = ₹231,758
- Net Cash Position: ₹69 Cr (₹6,900 lakhs) as per press release
Standalone Results:
Quarter ended September 30, 2026:
- Revenue from Operations: ₹162,978 (vs ₹145,740 in Q2 FY26, +11.8% YoY)
- Total Income: ₹168,379 (vs ₹149,527 in Q2 FY26, +12.6% YoY)
- Net Profit: ₹4,860 (vs ₹6,514 in Q2 FY26, -25.4% YoY)
- EPS: ₹7.98 (vs ₹10.69 in Q2 FY26)
Half year ended September 30, 2026:
- Revenue from Operations: ₹274,078 (vs ₹256,298 in H1 FY26, +6.9% YoY)
- Total Income: ₹284,236 (vs ₹264,854 in H1 FY26, +7.3% YoY)
- Net Profit: ₹1,374 (vs ₹6,349 in H1 FY26, -78.4% YoY)
- EPS: ₹2.26 (vs ₹10.42 in H1 FY26)
Segment-wise Performance [₹ in lakhs]:
Quarter ended September 30, 2026:
- Textile: Revenue ₹97,059, Segment Profit ₹13,413 (13.8% margin)
- Shirting: Revenue ₹22,187, Segment Profit ₹1,097 (4.9% margin)
- Apparel: Revenue ₹55,910, Segment Profit ₹1,120 (2.0% margin)
- Garmenting: Revenue ₹33,910, Segment Profit ₹1,824 (5.4% margin)
- Emerging Business: Revenue ₹10,025, Segment Loss ₹(4,236) (-42.3% margin)
Half year ended September 30, 2026:
- Textile: Revenue ₹165,433, Segment Profit ₹16,727 (10.1% margin)
- Shirting: Revenue ₹41,711, Segment Profit ₹1,977 (4.7% margin)
- Apparel: Revenue ₹90,784, Segment Loss ₹(701) (-0.8% margin)
- Garmenting: Revenue ₹63,463, Segment Profit ₹3,208 (5.1% margin)
- Emerging Business: Revenue ₹17,913, Segment Loss ₹(8,044) (-44.9% margin)
Corporate Actions:
The Board of Directors had declared final dividend of ₹1 per equity share (face value of ₹2 each) for FY 2025-26, which was approved by shareholders at the AGM held on July 14, 2026. Dividend paid during H1 FY27 amounted to ₹601 lakhs.
Other Significant Information:
- Working capital days improved to 82 days in Q2 FY27 from 105 days in Q2 FY26
- Retail network optimization continues with 1,634 stores as of September 2026 (vs 1,663 in September 2025)
- The company cites increased marketing investments and input cost pressure affecting margins
- Strong festive channel order books noted
- ESG commitments include 40% female representation by 2030, Zero Liquid Discharge, and 25% transition to renewable electricity
Entities included in consolidation:
- Raymond Luxury Cottons Limited
- Silver Spark Apparel Limited (including subsidiaries: R&A Logistics Inc., Silverspark Middle East FZE, Silver Spark Apparel Ethiopia PLC, Raymond America Apparel Inc.)
- Jaykayorg S.A.
- Celebrations Apparel Limited
- Raymond (Europe) Limited
- Ray Global Consumer Products Limited