Raymond Lifestyle Ltd reported strong revenue growth across key businesses in Q2 FY27, led by a 26% year-on-year increase in Garmenting revenue to Rs 339 crore (US $35.62 million) and a 20% rise in Branded Apparel revenue to Rs 559 crore (US $58.73 million).
Overall revenue from operations grew 13.2% to Rs 2,075 crore (US $218.05 million), compared with Rs 1,832 crore (US $192.48 million) in the corresponding quarter last year.
The Garmenting segment recorded a significant improvement in profitability, with EBITDA increasing to Rs 25 crore (US $2.63 million) from Rs 14 crore (US $1.47 million).
Its EBITDA margin expanded to 7.4% from 5.3%, an improvement of 207 basis points. Growth was supported by order book execution following US-India tariff rationalisation, the UK-India free trade agreement (FTA) and the onboarding of new global clients.
The recovery in international demand across key US, UK and European markets also supported performance.
Branded Apparel achieved its highest-ever quarterly revenue of Rs 559 crore (US 58.73 million), registering 20% year-on-year growth from Rs 465 crore (US $48.85 million).
Casualwear brands ColorPlus and Parx led the growth. EBITDA rose to Rs 49 crore (US $5.15 million) from Rs 41 crore (US $4.31 million), while the EBITDA margin remained unchanged at 8.8%.
The Branded Textile segment recorded revenue of Rs 971 crore (US $102 million), up 7% from Rs 906 crore (US $95.19 million) in the corresponding quarter last year. Growth was driven by festive channel uptake and premiumisation.
EBITDA increased to Rs 188 crore (US $19.75 million) from Rs 186 crore (US $19.54 million), while the margin narrowed to 19.3% from 20.6%, primarily due to higher raw material and freight costs.
Revenue in the High Value Cotton Shirting segment grew 5% year-on-year to Rs 222 crore (US $23.32 million) from Rs 212 crore (US 22.27 million).
However, EBITDA declined to Rs 21 crore (US $2.21 million) from Rs 25 crore (US $2.63 million), and the margin narrowed to 9.5% from 12%. The decline was primarily attributed to higher raw material prices, partly offset by higher average selling prices.
The Emerging Business segment, which includes Ethnix by Raymond, Raymond Home, Park Avenue Innerwear, Chairman’s Collections and Sexual Wellness, recorded a 15% year-on-year increase in revenue to Rs 100 crore (US$10.51 million) from Rs 87 crore (US$9.14 million).
Despite the strong revenue performance, Raymond Lifestyle reported a 10.2% year-on-year decline in net profit to Rs 68 crore (US$7.15 million) in Q2 FY27, compared with Rs 75 crore (US $7.88 million) in the corresponding quarter last year.
EBITDA rose to Rs 270 crore (US $28.37 million) from Rs 259 crore (US $27.21 million), while the EBITDA margin contracted to 12.7% from 13.9%.
The company reported a 14% year-on-year increase in total income to Rs 2,125 crore (US $223.26 million), compared with Rs 1,865 crore (US $196 million) in the year-ago period.
According to the company, growth was supported by premiumisation and casualisation across businesses, higher volumes in Branded Apparel and a recovery in international demand for the Garmenting segment across key US, UK and European markets.
For the half-year ended September 30, 2026, total income increased 10% year-on-year to Rs 3,685 crore (US$387.16 million), while EBITDA grew 6% to Rs 404 crore (US$42.45 million). The EBITDA margin for the first half stood at 11%.
‘’Our performance in Q2 and H1 FY27 demonstrates sustained operational continuity, strategic resilience, and focused commercial execution across domestic and international markets. Our Garmenting business continued to deliver robust growth, capitalizing on global supply chain realignments, while our Branded Apparel business expanded by 20%, spearheaded by strong momentum across our casual brands ColorPlus and Parx,” said Satyaki Ghosh, Wholetime Director & CEO of Raymond Lifestyle Limited.
As of September 30, 2026, the company had 1,634 stores, compared with 1,663 stores a year earlier. It continued to optimise its retail footprint by reallocating resources to higher-efficiency formats while allowing newer stores to mature.
