Raymond Lifestyle Limited Reports Strong Q1 Results Amid Economic Challenges
Raymond Lifestyle Limited has announced impressive financial results for the first quarter of fiscal year 2026, a traditionally challenging period for the company. Total income surged 18% year-over-year to Rs 1,475 crore, buoyed by robust growth in its branded textile and apparel segments. The company’s EBITDA for the quarter reached Rs 122 crore, reflecting an 8.2% margin—up 36% attributed to increased sales and a favorable product mix.
Gautam Hari Singhania, the executive chairman, expressed optimism about the company’s performance, citing signs of demand recovery in key lifestyle segments. However, he urged a cautious outlook due to global economic uncertainties, highlighting both the potential of the UK-India Free Trade Agreement and risks posed by US tariffs. He underlined that Raymond’s agile strategies are designed to sustain value amidst these fluctuations.
Segment-wise, the branded textile division demonstrated remarkable resilience with a 27% revenue increase to Rs 716 crore, fueled by higher demand during wedding seasons and growing consumer awareness. This segment’s EBITDA nearly doubled to Rs 103 crore, achieving a margin of 14.3%. The branded apparel segment also thrived, growing revenue by 22% to Rs 370 crore, with enhanced operational efficiencies leading to an EBITDA of Rs 19 crore at a 5% margin.
Conversely, the garmenting segment faced challenges, reporting a revenue drop to Rs 197 crore due to uncertainties related to US tariffs, resulting in a negative EBITDA margin of 3.9%. Nonetheless, the high-value cotton shirting segment performed well, increasing revenue by 10% to Rs 205 crore, with EBITDA more than doubling to Rs 20 crore.
Additionally, Raymond is optimizing its retail network by closing underperforming stores while expanding its overall store count to 1,675.
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