EBITDA increased 23 per cent YoY to ₹271 crore (~$29.5 million), with margins expanding to 14.4 per cent from 12.3 per cent a year ago, supported by higher volumes, an improved product mix, and operating leverage. Profit before tax (before exceptional items) climbed 36 per cent to ₹118 crore, with margins improving to 6.3 per cent from 4.9 per cent in Q3 FY25.
Raymond Lifestyle Limited has reported steady Q3 FY26 performance, with consolidated income rising 5 per cent to ₹1,883 crore (~$205 million), driven by strong domestic demand.
EBITDA grew 23 per cent to ₹271 crore (~$29.5 million), while profit before tax rose 36 per cent.
Branded textiles led growth, offsetting weakness in garmenting amid US tariff uncertainty.
Segment-wise, the branded textile business remained the key growth driver, with revenue rising 11 per cent YoY to ₹951 crore in Q3 FY26, supported by strong wedding and festive demand. EBITDA from the segment surged 35 per cent to ₹207 crore, with margins improving sharply to 21.8 per cent on account of scale benefits and a better product mix, Raymond Lifestyle said in a press release.
The branded apparel segment reported revenue growth of 5 per cent YoY to ₹482 crore, driven by traction across large format stores, exclusive brand outlets, multi-brand outlets, and online channels. However, EBITDA declined to ₹35 crore from ₹44 crore a year earlier, as margins were impacted by higher marketing spends and lower sales productivity in stores opened over the past year.
Garmenting revenue declined 17 per cent YoY to ₹258 crore in Q3 FY26, reflecting continued uncertainty around US tariff announcements and a weaker order book. EBITDA fell to ₹11 crore, with margins compressing to 4.2 per cent due to scale deleverage. The high-value cotton shirting segment posted a modest 2 per cent rise in revenue to ₹205 crore, while EBITDA improved to ₹23 crore, aided by a favourable product mix.
Raymond Lifestyle ended the quarter with a retail network of 1,675 stores and a net debt position of ₹15 crore. The company said strong domestic demand helped offset global headwinds in garmenting and business to business (B2B) exports, enabling it to maintain a stable growth trajectory during the quarter.
“Buoyed by significant domestic growth in core lifestyle categories, our performance this quarter remains resilient. We continue to mitigate global economic headwinds through strategic foresight, with a particular focus on leveraging the UK-India FTA and managing risks associated with US trade policy changes. Our proactive approach ensures consistent value creation for our stakeholders,” said Gautam Hari Singhania, executive chairman of Raymond Lifestyle Limited.
For the nine months (9M) period, consolidated total income grew 9 per cent YoY to ₹5,223 crore, while EBITDA rose 18 per cent to ₹652 crore, translating into a margin of 12.5 per cent. Profit before tax (before exceptional items) increased 20 per cent to ₹201 crore during the period.
Fibre2Fashion News Desk (SG)
