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RAYMONDLIFESTYLE Healthcare 07 May 2026

Raymond Lifestyle Ltd — Q4 FY26

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.

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Revenue ₹1,776 Cr +11%
EBITDA ₹804 Cr +23%
PAT ₹-52 Cr
EBITDA Margin 7%
Duration 68 min
Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

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.

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Risk Intelligence

Raw material price inflation (wool, flax)

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Quarter Snapshot

Factory Utilization >90%
+10pp YoY

Utilization improved from 80-85% to above 90%, driving scale benefits and opex leverage.

Net Working Capital Days 77 days
-10 days YoY

Improved from 87 days to 77 days; targeting below 70 days in FY27.

Net Cash Surplus ₹179 crore
+₹179 crore YoY

Company remains debt-free with a net cash surplus of ₹179 crore.

Garmenting Segment Revenue Growth ₹342 crore
+38% YoY

Q4 revenue grew 38% YoY driven by US trade deal recovery and duty-paid terms.

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Guidance and risk preview

Top guidance Double-digit topline and bottom-line growth in FY27

Management expects both revenue and profit to grow at double-digit rates in the consolidation year.

Top risk Raw material price inflation (wool, flax)

Wool and flax prices are rising, which could pressure gross margins despite premiumization efforts.

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