Raymond Lifestyle (RAYMONDLSL) Q1 26/27 earnings summary

Executive summary

• Q1FY27 total income rose 6% YoY to ₹1,560 Cr, with EBITDA up 11% to ₹135 Cr and margin expanding to 8.6%.

• Net profit remained negative at ₹(23) Cr, impacted by higher depreciation and interest expenses.

• Strong international growth and domestic premiumization drove performance, especially in Garmenting, which grew revenue by 50%.

• Net cash position reached ₹154 Cr, transitioning from net debt of ₹55 Cr last year, with continued retail network optimization.

Financial highlights

• Revenue from operations for Q1FY27 was ₹1,515.51 Cr (consolidated), up from ₹1,430.43 Cr in Q1FY26.

• EBITDA for Q1FY27 stood at ₹135 Cr, up from ₹122 Cr in Q1FY26.

• Net working capital cycle improved by 15 days to 75 days YoY.

• PBT: ₹(38) Cr (down from ₹(25) Cr YoY); Net profit: ₹(23) Cr (down from ₹(20) Cr YoY).

• Basic and diluted EPS for Q1FY27 was ₹(3.71), compared to ₹(3.25) in Q1FY26.

Outlook and guidance

• FY27 targets double-digit top-line and higher double-digit EBITDA growth.

• Focus remains on premiumization, casualization, and geographical diversification, leveraging FTAs for international expansion.

• Continued investment in ESG, digital transformation, and retail maturity to drive sustainable value.

• The company aims for 40% female representation and significant environmental targets by 2030, including 25% renewable energy transition and 15% reduction in Scope 1 and 2 emissions.