Raymond Lifestyle Limited , India's leading integrated manufacturer of worsted suiting and high-value shirting fabrics, has announced its financial results for the first quarter, alongside the unfortunate news of a key board member's passing.

Financial Highlights

Raymond Lifestyle Limited reported a record Q1 performance:

• Total income stood at ₹1,475.00 crore, marking an 18% year-on-year growth.
• EBITDA reached ₹122.00 crore, up 36% from the same quarter last year.
• EBITDA margin improved to 8.2%, compared to 7.1% in the previous year's Q1.

The company's performance was particularly strong in its core segments:

• Branded Textile segment revenue grew by 27% to ₹716.00 crore.
• Branded Apparel segment revenue increased by 22% to ₹370.00 crore.
• High Value Cotton Shirting segment saw a 10% growth, reaching ₹205.00 crore.

However, the Garmenting segment faced challenges, with revenue declining to ₹197.00 crore from ₹252.00 crore in the previous year, primarily due to uncertainties surrounding US tariffs.

Segment-wise Performance

Strategic Initiatives and Outlook

Gautam Hari Singhania, Executive Chairman of Raymond Lifestyle Limited, commented on the results: "We are pleased to report improved quarterly performance, driven by signs of demand recovery across our key lifestyle segments. While we remain optimistic, we are also maintaining a cautious stance due to global macroeconomic uncertainties."

The company is focusing on operational efficiency, including retail network optimization. As of the quarter-end, Raymond Lifestyle's store count stood at 1,675, compared to 1,540 in the previous year.

Passing of Independent Director

In a separate announcement, Raymond Lifestyle Limited informed that Mr. Mahendra Doshi, an Independent Director of the company, passed away on August 06. Mr. Doshi had been associated with the Raymond Group for over 10 years and held key positions including Chairman of the Stakeholders Relationship Committee and member of the Corporate Social Responsibility Committee and Investment & Finance Committee.

The company expressed deep sadness at Mr. Doshi's sudden departure, acknowledging his significant contributions, wisdom, integrity, and unwavering commitment to governance. Mr. Doshi was known for his expertise in finance, capital markets, and business administration, as well as his business acumen and simplicity.

The Board of Directors extended their heartfelt condolences to Mr. Doshi's family, recognizing the indelible mark he left on the organization during his tenure.

As Raymond Lifestyle Limited navigates through a period of growth and change, the loss of Mr. Doshi represents a significant transition in the company's leadership structure. The company will undoubtedly feel the impact of his absence in the boardroom and various committees he served on.

Raymond Lifestyle Limited continues to monitor key developments, including opportunities presented by the UK-India Free Trade Agreement and challenges posed by US Tariffs, as it aims to maintain its growth trajectory and market leadership in the coming quarters.

Raymond Lifestyle Limited , India's leading integrated manufacturer of worsted suiting and high-value shirting fabrics, has announced its financial results for the first quarter, showcasing resilience in the face of global economic uncertainties.

Record-Breaking Q1 Performance

The company reported a total income of ₹1,475.00 crore for Q1, marking an impressive 18% year-on-year growth. This record-breaking Q1 revenue was primarily driven by strong performances in the Branded Textile and Branded Apparel segments.

Improved Profitability

Raymond Lifestyle's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw a significant boost, rising 36% year-on-year to ₹122.00 crore. The EBITDA margin improved to 8.2% from 7.1% in the previous year, reflecting enhanced operational efficiency and a favorable product mix.

Segment-wise Performance

Branded Textile Segment

The segment's strong performance was attributed to robust volume growth, higher wedding dates, and increased consumer awareness.

Branded Apparel Segment

Garmenting Segment

The segment faced challenges due to uncertainty surrounding US tariff announcements, impacting its performance.

Strategic Initiatives and Outlook

Raymond Lifestyle is focusing on operational efficiency, including retail network optimization. The company operates 1,675 stores, having added 22 new stores while closing 35 underperforming locations during the quarter.

Financial Position

Despite the revenue growth, the company reported a pre-tax loss of ₹25.00 crore and a net loss of ₹20.00 crore. The net debt position stood at ₹55.00 crore, attributed to inventory build-up for the upcoming festive and wedding season.

Raymond Lifestyle continues to navigate a complex economic landscape, leveraging its strong brand portfolio and operational efficiencies to drive growth. However, the company faces ongoing challenges from discretionary spending pressures and geopolitical tensions.