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A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
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Revenue
₹1,776 Cr
verified against source
Revenue YoY
11%
reported change
EBITDA
₹804 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Raymond Lifestyle delivered a strong FY26 with total income of ₹7,034 crore (+11% YoY) and EBITDA of ₹804 crore (+23% YoY), marking the highest ever. Q4 saw revenue of ₹1,810 crore (+15% YoY) and EBITDA of ₹152 crore (+53% YoY), with EBITDA margin expanding 210bps QoQ to 8.4%. Growth was driven by robust domestic consumption, premiumization, and scale benefits from factory utilization above 90%. The garmenting segment rebounded sharply (+38% YoY) on US trade deal recovery. Management declared FY27 as a year of consolidation, targeting double-digit topline and bottom-line growth, with net store additions of 30-40 EBOs and working capital days below 70. Key risks include volatile raw material prices (wool, flax) and potential slowdown in discretionary spending due to macroeconomic headwinds.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects both revenue and profit to grow at double-digit rates in the consolidation year.
- Gross openings of ~100 stores, but net additions of 30-40 after closures of underperforming stores.
- Targeting net working capital days to reduce from 77 to below 70 through inventory and receivable management.
- Similar to FY26, with maintenance capex and continued investment in SAP and garmenting factory.
Risks flagged
- Wool and flax prices are rising, which could pressure gross margins despite premiumization efforts.
- GDP growth estimates are moderating, and consumer sentiment may weaken, affecting branded apparel demand.
- Escalation could disrupt trade routes and increase freight costs, impacting garmenting exports.
- Management is shifting focus from bridegroom to wedding guests; success depends on product and distribution changes.
Key quotes
- We crossed 7,000 cr recording our highest ever total income of 7034 crores and 11% year-on-year growth.
- Our factory utilizations which traditionally used to be between 80 85% have all gone above 90%.
- We are not giving a guidance at this stage. However, our idea is even in the year of consolidation to keep a double digit topline growth and a double digit bottom line growth.
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