Raymond Lifestyle Limited today announced its unaudited financial results for the quarter ended 31st March 2026.
| Particulars (₹ Cr.) | Q4 FY26 | Q3 FY26 | Q4 FY25 | YoY | FY26 | FY25 | YoY | |
| Total Income | 1,810 | 1,883 | 1,580 | 15% | 7,034 | 6,360 | 11% | |
| EBITDA | 152 | 271 | 99 | 53% | 804 | 651 | 23% | |
| EBITDA Margin % | 8.4% | 14.4% | 6.3% | 11.4% | 10.2% | |||
| PBT (before exceptional items) | (1) | 118 | (45) | 200 | 122 | 63% | ||
| PBT Margin (before exceptional items) | (0.1%) | 6.3% | (2.9%) | 2.8% | 1.9% |
Raymond Lifestyle Limited demonstrated a strong sustained momentum in FY26, delivering a highest ever Total Income of ₹ 7,034 Cr, crossing the ₹ 7,000 Cr mark first time in our history, representing a 11% Y-o-Y growth. This performance was driven by robust domestic demand, which drove substantial volumes across the Branded Textile and Apparel divisions. The EBITDA for FY26 rose to ₹804 Cr, representing a 23% Y-o-Y growth with an EBITDA margin of 11.4%, reflecting the underlying health of our business model and our ability to scale profitably.
Complimenting this strength, the Q4FY26 performance remained resilient, with a Total Income of ₹ 1,810 Cr, representing a 15% Y-o-Y growth, despite a challenging global environment. This revenue growth highlights the sustained demand for our brands and the success of our volume-led strategy. EBITDA for the quarter was ₹ 152 Cr, representing a 53% Y-o-Y growth, with EBITDA margins at 8.4%, despite a conscious increase in marketing expenditure, the initial gestation costs of our rapidly expanding retail footprint and investment in the digital transformation initiative of S/4HANA, a critical step in modernizing our supply chain and enhancing operational agility.
Q4 FY26 Segmental Performance (Post IND AS 116)
Branded Textile segment revenue grew by 14% to ₹ 831 Cr in Q4 FY26 vs ₹ 727 Cr in Q4 FY25 mainly on account of robust volume growth and premiumization. EBITDA grew by 126% to ₹ 115 Cr in Q4 FY26 as compared to ₹ 51 Cr in Q4 FY25, with EBITDA margin of 13.9% in Q4 FY26 vs 7.0% in Q4 FY25 on account of improved product mix, strong volume, ASP growth and scale leverage.
Branded Apparel segment revenue stood at ₹ 469 Cr in Q4 FY26 as compared to ₹ 391 Cr in the same quarter last year, reflecting a healthy growth of 20% 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 ₹ 19 Cr in Q4 FY26 as compared to ₹ 2 Cr in Q4 FY25 with an EBITDA margin of 3.9% in Q4 FY26 vs 0.4% in Q4 FY25, on account of higher sales.
Our store count at the end of the quarter was 1,653 stores vs. 1,688 stores on March 31, 2025. As our recently opened stores continue to mature and build momentum, we are also actively optimizing our broader network. This ongoing evaluation enables us to maintain a high-performing retail footprint that directly contributes to our long-term financial objectives.
Garmenting segment reported revenue at ₹ 342 Cr in Q4 FY26 as compared to ₹ 248 Cr in the same quarter previous year, reflecting a growth of 38% Y-o-Y, on account of demand recovery post the US-India Trade Deal & new customers being onboarded in anticipation of UK & EU FTA implementation. The segment reported an EBITDA of ₹ 14 Cr in Q4 FY26 as compared to (₹7 Cr) in Q4 FY25, with an EBITDA margin for the quarter of 4.1% in Q4 FY26 vs (2.9%) in Q4 FY25, improved on account of US – India Trade deal in March. However, the escalating conflict between the US, Israel, and Iran is disrupting energy supply routes, pushing oil prices higher and raising raw material & freight costs.
High Value Cotton Shirting segment reported revenue of ₹ 197 Cr in Q4 FY26 as compared to ₹185 Cr in Q4 FY25, a 6% Y-o-Y growth on account of resilient demand. The segment reported an EBITDA of ₹ 20 Cr in Q4 FY26 as compared to ₹61 Cr in Q4 FY25, with an EBITDA margin of 9.9% in Q4 FY26 vs 33.1% in Q4 FY25. This drop in margin was predominantly on account of one – time subsidy of ₹ 53 Cr that was received in Q4FY25.
Raymond Lifestyle Limited has a net-cash position of ₹ 179 Cr in FY26 as compared to ₹ 90 Cr in FY25, despite a capex outflow of ₹ 180 Cr during the year.
We remain committed to our ESG roadmap, prioritizing workplace safety and a 40% female representation target while advancing environmental stewardship through Zero Liquid Discharge and Zero Waste to Landfill initiatives. Our climate strategy is underscored by a 25% renewable energy goal and a 15% reduction in Scope 1 and 2 emissions by 2030. These efforts, rooted in process innovation and resource efficiency, ensure we continue to drive sustainable growth and long-term stakeholder value.
Commenting on the performance, Satyaki Ghosh, CEO of Raymond Lifestyle Limited said; “This past year, we prioritized revenue scale and consumer reach to build a robust foundation for future operational leverage. As we enter our ‘Year of Consolidation,’ our focus shifts to building a high-performance culture while, emphasizing on sustainable profitability and stakeholder value creation. This journey is underpinned by a steadfast commitment to Corporate Governance and ESG initiatives, ensuring our growth is both ethically sound and environmentally responsible. By integrating digital agility with transparent oversight, we are building a resilient, future-ready institution for all stakeholders.”