Raymond Lifestyle (RAYMONDLSL) Q4 20/21 earnings summary

Executive summary

• Revenue was ₹41,059.84 lakh in FY2020-21 versus ₹59,321.94 lakh; the year ended with a net loss of ₹176.75 lakh versus net profit of ₹1,266.50 lakh.

• The period included implementation of an amalgamation scheme combining FMCG and sexual-wellness businesses, alongside a major board and management transition.

Financial highlights

• Revenue from operations declined to ₹41,059.84 lakh from ₹59,321.94 lakh; total expenses were ₹41,505.69 lakh versus ₹57,837.84 lakh.

• Reported loss before tax was ₹225.89 lakh, versus profit before tax of ₹2,039.70 lakh; net loss was ₹176.75 lakh, versus net profit of ₹1,266.50 lakh.

• Total comprehensive loss was ₹193.62 lakh versus income of ₹1,258.20 lakh; basic and diluted EPS were -₹5.93 and -₹5.91 versus ₹162.68 and ₹159.91.

• Cash and cash equivalents at year-end were ₹1,380.99 lakh, versus ₹1,120.51 lakh; total assets were ₹27,014.33 lakh, versus ₹25,968.17 lakh.

Outlook and guidance

• Sales were described as gearing up to meet demand as lockdown restrictions eased; logistics challenges and weak customer demand had affected operations in early lockdown phases.

• Management said the subsequent-period impact of COVID-19 remained uncertain and dependent on how conditions evolved.