Raymond crosses ₹7,000 cr in FY26, plots 10x scale-up of Ethnics and Home verticals
Raymond posted 11% topline and 23% EBITDA growth in FY26. The group is betting on two adjacencies: Ethnics by Raymond, already at 140 EBOs targeting wedding wear, and Raymond Home, chasing 1 crore new nuclear households spending ~₹5 lakh on décor. Both verticals are slated for ~10x expansion across tier-1/2 over the next two years.
What happened
Raymond crossed ₹7,000 crore revenue in FY2026 (11% growth, 23% EBITDA). It plans to scale Ethnics by Raymond (140 EBOs, wedding wear) and Raymond Home
Key facts
- ₹7,000 crore revenue FY2026
- 11% topline growth
- 23% EBITDA growth
- 140 EBOs
- 10x scale target
- 1 crore new nuclear homes/year
- ₹5 lakh décor spend
Why this matters
The 140-store Ethnics platform and Home vertical targeting 1 crore nuclear households open clear M&A and partnership lanes in regional ethnicwear brands and modular décor supply chains.