Raymond Lifestyle Crosses Rs 7,000 Crore Revenue Mark In FY26
Raymond Lifestyle Limited reported its highest-ever annual revenue in FY26, crossing the Rs 7,000 crore milestone for the first time, driven by strong domestic demand across branded textiles, apparel and garmenting businesses.
The company posted total income of Rs 7,034 crore in FY26, registering an 11 percent year-on-year growth over Rs 6,360 crore in FY25. EBITDA increased 23 percent to Rs 804 crore compared to Rs 651 crore in the previous year, while EBITDA margin improved by 120 basis points to 11.4 percent.
Raymond Lifestyle also strengthened its balance sheet during the year, remaining debt free with a net cash surplus of Rs 179 crore compared to Rs 90 crore in FY25. Net working capital days improved to 77 days from 87 days a year earlier.
For the fourth quarter ended March 31, 2026, total income grew 15 percent year-on-year to Rs 1,810 crore compared to Rs 1,580 crore in Q4 FY25. Quarterly EBITDA rose 53 percent to Rs 152 crore from Rs 99 crore in the corresponding period last year, while EBITDA margin improved to 8.4 percent from 6.3 percent.
The performance was largely supported by strong volume growth in domestic markets and improved traction across branded textile and apparel segments.
The branded textile business reported 14 percent revenue growth during Q4 FY26 to Rs 831 crore, supported by premiumisation and healthy volume expansion. EBITDA for the segment more than doubled to Rs 115 crore, with EBITDA margin improving to 13.9 percent due to a better product mix, higher average selling prices and operating leverage.
The branded apparel segment registered 20 percent growth in Q4 revenue to Rs 469 crore, driven by strong demand across brands and channels including exclusive brand outlets, large format stores, multi-brand outlets and online platforms. Segment EBITDA improved significantly to Rs 19 crore compared to Rs 2 crore in Q4 FY25.
The garmenting business posted strong recovery with revenue rising 38 percent year-on-year to Rs 342 crore, aided by improved export demand following the US–India trade agreement and onboarding of new customers ahead of expected UK and EU FTAs. The segment returned to profitability with EBITDA of Rs 14 crore compared to a loss in the previous year.
Meanwhile, the high-value cotton shirting business recorded 6 percent growth in Q4 revenue to Rs 197 crore, although EBITDA declined due to a one-time subsidy received in Q4 FY25.
During the year, Raymond Lifestyle generated net free cash flow of Rs 194 crore in Q4 and incurred capex expenditure of Rs 180 crore while maintaining a strong cash position.
The company also reiterated its ESG commitments, including targets for 40 percent female workforce representation, Zero Liquid Discharge, Zero Waste to Landfill, 25 percent renewable energy adoption and reduction in Scope 1 and 2 emissions by 15 percent by 2030.
Commenting on the performance, Satyaki Ghosh, CEO, said, “This past year, we prioritized revenue scale and consumer reach to build a robust foundation for future operational leverage. As we enter our ‘Year of Consolidation,’ our focus shifts to building a high-performance culture while emphasizing sustainable profitability and stakeholder value creation.”
He added that the company remains committed to strengthening governance standards, ESG initiatives and digital transformation to build a resilient and future-ready business.
