Financial Performance Overview
Raymond Lifestyle Limited reported strong FY26 results with consolidated revenue of ₹7,034 crore, representing 11% YoY growth. EBITDA increased by 23% to ₹804 crore with margin expansion of 120 basis points to 11.4%. The company maintained a net debt-free balance sheet and reported a net profit of ₹4,617 lakhs. Segment performance showed Textile leading with ₹3,43,495 lakhs revenue and ₹44,978 lakhs profit, while the Apparel segment reported a loss of ₹(12,404) lakhs despite ₹1,81,158 lakhs revenue.
Corporate Actions and Capital Structure
The Board recommended a final dividend of ₹1 per share (face value ₹2 each) for FY26, subject to shareholder approval at the 8th AGM scheduled for July 14, 2026. The company completed its demerger from Raymond Limited effective June 30, 2024, issuing 53,258,984 equity shares to shareholders in a 4:5 swap ratio. Total borrowings stood at ₹1,27,178 lakhs as of March 31, 2026, with gearing ratio improving to 6% from 7% previously.
Leadership and Governance Changes
Significant management transitions included the appointment of Satyaki Ghosh as Whole-time Director & CEO for a five-year term starting May 6, 2026, with a total CTC of ₹7.35 crore including performance-linked components. The Board comprised 8 directors with 6 independent members, holding 5 meetings during FY26. Special resolutions for the AGM include approval of commission payments to Non-Executive Directors not exceeding 1% of net profits for five years from April 2026.
Risk Management and Compliance
The company maintained robust risk management frameworks addressing foreign currency exposure of ₹52,065 lakhs, interest rate sensitivity of ₹496 lakhs per 50bps change, and credit risk with trade receivables of ₹94,522 lakhs gross. A cybersecurity incident from February 2025 involving ransomware was fully remediated with no material financial impact. The company complied with SEBI Listing Regulations despite minor penalties that were subsequently waived.
Operational and Strategic Highlights
The business operates through five segments: Textile, Shirting, Apparel, Garmenting, and Others, with 82% of revenue from India and 18% from international markets. Key growth drivers included premiumisation trends, export diversification, and digital transformation initiatives. The company maintained 100% dematerialization of shares and implemented sustainability measures targeting 25% renewable energy by 2030.
Outlook and Forward Guidance
Strategic priorities focus on margin expansion through premiumisation, retail expansion with viability benchmarks, and scaling emerging categories including Ethnix by Raymond and premium innerwear. The company remains well-positioned to benefit from China+1 sourcing shifts, government PLI schemes, and growing organized retail penetration while managing risks from raw material volatility and geopolitical impacts on exports.