Nature of the Disclosure

Raymond Limited submitted unaudited standalone and consolidated financial results for the quarter ended June 30, 2026 (Q1 FY27) to BSE Limited (Scrip Code: 500330) and The National Stock Exchange of India Limited (Symbol: RAYMOND). The Board of Directors approved these results at their meeting held on August 7, 2026, which commenced at 2:00 p.m. and concluded at 3:50 p.m. The submission was made pursuant to Regulation 30 and Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Financial Figures - Consolidated

Income Statement Highlights (₹ in lakhs)

  • Revenue from operations: ₹6,056.1 (Q1 FY27) vs ₹5,242.9 (Q1 FY26)
  • Other income: ₹224.9 (Q1 FY27) vs ₹310.3 (Q1 FY26)
  • Total income: ₹6,281.0 (Q1 FY27) vs ₹5,553.2 (Q1 FY26)
  • Profit from continuing operations before tax: ₹413.3 (Q1 FY27) vs ₹282.1 (Q1 FY26)
  • Tax expense: ₹104.8 (Q1 FY27) vs ₹75.9 (Q1 FY26)
  • Profit for the period from continuing operations: ₹308.5 (Q1 FY27) vs ₹206.2 (Q1 FY26)
  • Total Comprehensive Income for the period: ₹2,349.2 (Q1 FY27)

Earnings Per Share (Continuing Operations)

  • Basic EPS: ₹3.15 (Q1 FY27) vs ₹2.65 (Q1 FY26)
  • Diluted EPS: ₹3.15 (Q1 FY27) vs ₹2.65 (Q1 FY26)

Segment Performance (Q1 FY27)

  • Precision technology and auto component: Revenue ₹4,439.1 lakhs, Segment profit ₹417.3 lakhs
  • Aerospace and defence: Revenue ₹1,227.3 lakhs, Segment profit ₹156.2 lakhs
  • Others: Revenue ₹392.5 lakhs, Segment loss ₹23.5 lakhs

Key Financial Figures - Standalone

  • Total income: ₹78.0 lakhs (Q1 FY27)
  • Profit for the period from continuing operations: ₹16.9 lakhs (Q1 FY27)
  • Basic EPS (continuing operations): ₹0.25 (Q1 FY27)

Exceptional Items

For the quarter ended March 31, 2026 (Q4 FY26), the company recognized exceptional items of ₹200.3 lakhs, comprising:

  • Impact of new labour codes: ₹64.7 lakhs
  • Stamp duty pursuant to the scheme: ₹265.0 lakhs (reversal)

Subsidiaries and Associates

Reviewed Entities (3 subsidiaries)

  • Total revenues: ₹384.6 lakhs
  • Total net profit after tax: ₹41 lakhs
  • Total comprehensive income: ₹45 lakhs

Associates and Joint Ventures (2 associates, 1 joint venture)

  • Group's share of net loss after tax: ₹29 lakhs
  • Group's share of total comprehensive income: ₹12,837 lakhs

Unreviewed Entities (1 subsidiary, 1 associate)

  • Subsidiary: Total net loss after tax ₹3 lakhs (not material to Group)
  • Associate: No profit/loss impact (not material to Group)

Subsequent Events

Preferential Allotment of Warrants

Subsequent to the quarter end, on July 7, 2026, the company issued and allotted 66,57,373 convertible warrants at an issue price of ₹497 per warrant to JK Investors (Bombay) Limited, a promoter group entity. The company received upfront subscription of ₹124.25 per warrant (25% of issue price) aggregating to ₹82.72 crore. Each warrant is convertible into one equity share of ₹10 each within 18 months of allotment on payment of the balance consideration.

Scheme of Amalgamation

The Board of Directors at its meeting held on January 27, 2026 approved the Scheme of Amalgamation with Everblue Apparel Limited, a wholly-owned subsidiary. The scheme has been filed with NCLT and is subject to regulatory approvals. Accounting impact has not been considered in these results.

Discontinued Operations

Pursuant to the Scheme of Arrangement sanctioned by NCLT, Mumbai Bench (order dated March 27, 2025), the real estate business of Raymond Limited was demerged into Raymond Realty Limited with effect from May 1, 2025. The net results of the Realty Undertaking are disclosed as discontinued operations.

Audit Information

The financial results were reviewed by Price Waterhouse Chartered Accountants LLP, who issued an unmodified conclusion. The review was conducted in accordance with Standard on Review Engagements (SRE) 2410 issued by ICAI.

Corporate Structure

Holding Company

  • Raymond Limited

Subsidiaries

  • Pashmina Holdings Limited
  • Everblue Apparel Limited
  • Raymond Woollen Outerwear Limited
  • JK Maini Precision Technology Limited (including JK Talabot Limited and PT JK Maini Precision Technologies Indonesia)
  • JK Files & Engineering Limited (including Scissors Engineering Products Limited)
  • JK Maini Global Aerospace Limited

Associates

  • P.T. Jaykay Files Indonesia (including P.T. Jaykay International Indonesia)
  • J.K. Investo Trade (India) Limited (including J.K. Helene Curtis Limited)
  • Radha Krshna Films Limited

Joint Ventures

  • Raymond UCO Denim Private Limited (including UCO Raymond Denim Holding NV and share in joint venture UCO Tesatura S.r.l.)

Press Release Highlights

The company reported in its press release:

  • Total Income: ₹628 crore in Q1 FY27 vs ₹555 crore in Q1 FY26 (13% YoY growth)
  • EBITDA: ₹100 crore in Q1 FY27 vs ₹87 crore in Q1 FY26 (14% YoY growth)
  • EBITDA Margin: 15.9% in Q1 FY27 vs 15.7% in Q1 FY26
  • Net cash surplus: ₹129 crore as of June 2026
  • Aerospace & Defence revenue growth: 40.4% YoY
  • Precision Technology & Auto Components revenue growth: 11.5% YoY