Raymond Lifestyle slips into loss of Rs 45 cr in Q4 FY25; total income hit by ransomware attack and weak demand
New Delhi:
Raymond Lifestyle
Ltd, on Monday, has reported a consolidated net loss of Rs 45 crore for the fourth quarter ended March 31, 2025, hurt by muted demand and higher expenses. This compares to a profit of Rs 236 crore in the same period last year, which included a one-time gain from its discontinued FMCG operations, as per a regulatory filing.
The company stated that its Q4 performance was impacted by high inflation, subdued consumer demand, and a ransomware attack that disrupted operations, resulting in temporary system outages and supply chain delays.
The company's consolidated revenue from operations for Q4 stood at Rs 1,494 crore, down 11 per cent from Rs 1,685 crore in the year-ago quarter. For the full financial year FY25, revenue slipped to Rs 6,177 crore from Rs 6,535 crore in FY24.
For the full year, Raymond Lifestyle posted total income of Rs 6,360 crore, with EBITDA at Rs 651 crore and a 10.2 per cent margin, down from the previous year. Prolonged heatwaves, the general elections, and fewer wedding dates were cited as macro headwinds impacting sales across channels.
'Despite the challenges, we opened 170 new stores in FY25, taking our retail footprint to 1,688 stores, including 152 Ethnix outlets. We are optimistic about FY26 as early signs of demand recovery are visible in April,' said
Gautam Singhania
, executive chairman of the company.
Branded Textile: Revenue fell 21 per cent YoY to Rs 727 crore in Q4; EBITDA margin dropped to 7 per cent from 21.8 per cent due to demand softness and operational disruption.
Branded Apparel: Revenue stood at Rs 391 crore vs Rs 409 crore YoY; EBITDA margin slumped to 0.4 per cent from 13.5 per cent amid retail expansion costs and adverse channel mix.
Garmenting: Revenue flat at Rs 248 crore; EBITDA turned negative at -2.9 per cent vs 12 per cent last year due to new customer onboarding and training costs.
High Value Cotton Shirting: Revenue dipped to Rs 185 crore; however, EBITDA margin surged to 33.1 per cent due to a one-time subsidy of Rs 53 crore.
Raymond Lifestyle ended FY25 as a net cash surplus company with Rs 90 crore in cash.
Further, the company said it expects the India-UK FTA to open new export opportunities and support its long-term growth ambitions in global value chains.
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