Raymond Lifestyle Posts 2% Revenue Growth In Q3 FY25

Raymond Lifestyle Limited has announced its unaudited financial results for Q3 FY25, reporting a total income of Rs 1,796 crore, a 2% YoY growth despite subdued market sentiment. EBITDA stood at Rs 221 crore, with an EBITDA margin of 12.3%, impacted by weaker consumer demand and increased investments in retail expansion.
Key Financial Highlights (Q3 FY25 vs. Q3 FY24):
- Total Income: Rs 1,796 Cr vs. Rs 1,759 Cr (+2%)
- EBITDA: Rs 221 Cr vs. Rs 316 Cr (-30%)
- EBITDA Margin: 12.3% vs. 18.0%
- PBT (before exceptional items): Rs 87 Cr vs. Rs 213 Cr (-59%)
- New Stores Opened: 61 in Q3 FY25 (135 in FY25 YTD)
Retail Expansion & Strategic Growth
Raymond Lifestyle continued its retail expansion strategy, adding 61 new stores in Q3, bringing its total store count to 1,653, including 143 Ethnix by Raymond stores. The company also entered the innerwear category with the launch of Park Avenue Innerwear, which has received positive market feedback.
Segmental Performance:
- Branded Textile: Revenue at Rs 856 Cr (-6% YoY), impacted by weaker demand; EBITDA margin at 18.0%.
- Branded Apparel: Revenue at Rs 458 Cr (+5% YoY), supported by new product launches; EBITDA margin at 9.6%, affected by store expansion costs.
- Garmenting: Revenue at Rs 309 Cr (+18% YoY), but EBITDA margin at 7.8%, impacted by higher freight costs and training expenses.
- High-Value Cotton Shirting: Revenue at Rs 201 Cr (-6% YoY) due to weak demand; EBITDA margin at 10.3%.
Commenting on the results, Sunil Kataria, MD, Raymond Lifestyle Limited, said: “Q3 FY25 continued to be challenging, but we achieved low single-digit revenue growth despite market headwinds. Our expansion into the innerwear segment and continued retail growth position us for long-term sustainability and profitability.”