Raymond Lifestyle’s Q1 loss widens to ₹22.6 crore as revenue rises 5.9%

Raymond Lifestyle reported Q1 FY27 revenue from operations of ₹1,516 crore, up 5.9% year on year, while reported EBITDA rose 16.6% to ₹89.8 crore. Its consolidated net loss widened to ₹22.6 crore from ₹19.8 crore, with raw-material costs weighing on profitability despite premiumisation and garmenting growth.

— Source publishedFri, 31 Jul, 2026, 21:42 IST·First seen Fri, 31 Jul, 2026, 22:35 IST·Source NDTV Profit

What happened

Raymond Lifestyle’s Q1 FY27 net loss widened to Rs 22.6 crore despite 5.9% revenue growth to Rs 1,516 crore. Premiumisation, garmenting recovery and

Key facts

  • Consolidated net loss: Rs 22.6 crore, versus Rs 19.8 crore loss year earlier
  • Revenue from operations: Rs 1,516 crore, up 5.9% year-on-year
  • Reported EBITDA: Rs 89.8 crore, up 16.6% year-on-year
  • Reported EBITDA margin: 5.9%, versus 5.4% year earlier
  • Total income: Rs 1,560 crore, up 6% year-on-year
  • Earnings-release EBITDA: Rs 135 crore, up 11% year-on-year
  • Net cash position: Rs 154 crore
  • Garmenting business growth: more than 50%

Why this matters

Raymond Lifestyle’s premiumisation and garmenting momentum could support targeted capability or sourcing partnerships, though any deal rationale should account for ongoing raw-material pressure on profitability.

What to watch

  • Sequential EBITDA margin movement versus the reported ₹89.8 crore Q1 EBITDA.
  • Raw-material cost as a percentage of sales, especially cotton-price trends and procurement commentary.
  • Like-for-like retail sales, store additions, closures and franchise mix.
  • Garmenting order-book growth, export demand and capacity utilisation.
  • Inventory days, discounting levels and festive-season sell-through.
  • Movement in finance costs, exceptional items and the path from EBITDA growth to net-profit recovery.
  • Prioritise selective price increases and product-mix upgrades in premium suiting, shirting and occasionwear.
  • Increase sourcing diversification, forward buying and inventory discipline to contain cotton and fabric-cost volatility.
  • Push higher-margin garmenting, made-to-measure and branded retail formats rather than broad-based discounting.
  • Rationalise slower stores and expand through capital-light franchise or shop-in-shop formats in underpenetrated cities.
  • Use festive and wedding-season launches to convert premiumisation into better full-price sell-through.