Raymond Lifestyle Limited has reported its third quarter financial performance, showing a notable decline in consolidated net profit compared to the same period last year. The company's latest results indicate challenging market conditions that have impacted bottom-line performance.

Financial Performance Overview

The company's consolidated net profit for the third quarter stood at ₹429 million, marking a significant decrease from the previous year's corresponding quarter performance of ₹642 million.

Year-on-Year Analysis

The year-on-year comparison reveals a substantial decline of 33.18% in consolidated net profit. This decrease of ₹213 million represents a significant impact on the company's profitability during the quarter. The decline suggests that Raymond Lifestyle faced operational challenges or market headwinds that affected its financial performance.

Market Context

The reported financial results reflect the performance of Raymond Lifestyle's consolidated operations during the third quarter. The company operates in the lifestyle and apparel segment, which can be subject to various market dynamics including consumer spending patterns, seasonal variations, and competitive pressures. The significant year-on-year decline in net profit indicates that these factors may have adversely impacted the company's performance during this reporting period.

Raymond Lifestyle Limited has announced a key leadership appointment, naming Mr. Satyaki Ghosh as its new Chief Executive Officer. The appointment will take effect on January 19, 2026, marking a significant milestone in the company's executive leadership structure.

Leadership Appointment Details

The company has selected Mr. Ghosh for the CEO position based on his extensive industry background and proven track record in leadership roles. His appointment reflects Raymond Lifestyle's commitment to strengthening its executive team with seasoned professionals who bring deep sector expertise.

Professional Background and Experience

Mr. Ghosh brings over 25 years of comprehensive experience across multiple industry verticals that align closely with Raymond Lifestyle's business operations. His professional expertise spans three key sectors:

• FMCG (Fast-Moving Consumer Goods): Extensive experience in consumer products and market dynamics
• Textiles: Deep understanding of textile industry operations and market trends
• Retail: Comprehensive knowledge of retail operations and customer engagement strategies

Previous Leadership Role

Prior to joining Raymond Lifestyle Limited, Mr. Ghosh served as Chief Executive Officer at Aditya Birla Group, one of India's leading business conglomerates. This previous role demonstrates his capability to manage large-scale operations and drive strategic initiatives across diverse business segments. His experience at Aditya Birla Group provides him with valuable insights into corporate governance, operational excellence, and strategic planning that will benefit Raymond Lifestyle's future growth trajectory.

The appointment represents Raymond Lifestyle's strategic approach to leadership succession and its focus on bringing experienced industry professionals to guide the company's continued development in the competitive lifestyle and fashion market.