Raymond Lifestyle Ltd. reported a consolidated net loss of Rs. 22.60 crore (US $2.36 million) for the quarter ended 30th June, compared with a net loss of Rs. 19.82 crore (US $2.07 million) in the corresponding quarter of the previous fiscal.
The company reported a wider consolidated net loss for the first quarter of FY ’27 despite recording growth in revenue and operating profit, supported by steady domestic demand and a sharp recovery in its garmenting business.
Based on the company’s reported financial results, revenue from operations increased 5.9% year-on-year to Rs. 1,516 crore (US $158.61 million), up from Rs. 1,430 crore (US $149.61 million) in Q1 FY ’26.
Operating performance improved during the quarter, with EBITDA rising 16.6% to Rs. 89.8 crore (US $9.40 million) from Rs. 77 crore (US $8.06 million) a year ago. Consequently, the EBITDA margin expanded to 5.9% from 5.4% in the year-ago period.
According to the company’s earnings release, total income grew 6% year-on-year to Rs. 1,560 crore (US $163.21 million), compared with Rs. 1,475 crore (US $154.32 million) in the corresponding quarter last year.
The company reported operating EBITDA of Rs. 135 crore (US $14.12 million), reflecting an 11% year-on-year increase, while the EBITDA margin improved by 40 basis points to 8.6% from 8.2% in Q1 FY ’26.
Among business segments, the Garmenting division emerged as the strongest performer, with revenue surging more than 50% year-on-year to Rs. 296 crore (US $30.97 million). The segment reported an EBITDA of Rs. 22 crore (US $2.30 million) during the quarter.
The Branded Textile business remained the company’s largest contributor, generating Rs. 684 crore (US $71.56 million) in revenue with an EBITDA of Rs. 95 crore (US $9.94 million), translating into an EBITDA margin of 13.9%.
The Branded Apparel segment posted 4% year-on-year revenue growth to Rs. 349 crore (US $36.51 million), while EBITDA stood at Rs. 18 crore (US $1.88 million).
The High Value Cotton Shirting business reported Rs. 195 crore (US $20.40 million) in revenue and maintained a resilient EBITDA margin of 9.7%.
Commenting on the performance, Satyaki Ghosh, Whole-time Director and CEO of Raymond Lifestyle Ltd., said the company had delivered a steady start to FY ’27 with strong international traction and sustained domestic demand.
