Raymond Lifestyle slips into loss of Rs 45 crore in Q4 FY25
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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hindu
15 minutes ago
- The Hindu
Mango prices fall sharply, farmers demand compensation
As mango farmers in Madurai district face a roadblock in selling their produce to traders due to the abysmally low prices fixed by them, they are demanding compensation or a solution for procurement of fruits at a better price. Though the farmers witnessed lower yields in the last few years, this year farmers enjoyed a good harvest, but they could not reap the benefits, said Jeeva, a farmer from Kesampatti near Melur. He added that the good cultivation could have benefitted them if a fixed and regularised procurement system was in practice. 'I have about 100 trees in three acres of land, and the cultivation was about 25 tonne this year,' he stated. But, the traders, who went to procure the produce wanted them for just Rs.4 per kg, he added. When the procurement price was about Rs.25 per kg last year, this year, the drastic drop in the price has put the farmers in a tight spot, Mr. Jeeva said. 'We hear that as big corporate which procure the kizhimooku variety of mangoes for juices and other products does want to procure them this year, the traders refuse to procure them at good price,' he stated. Opposing the dependence on corporates, he said that when the entire market was dependent on corporate companies, they would be the one to fix prices and manipulate them based on their needs. The Tamil Nadu Farmers Association has urged the Tamil Nadu government to immediately fix a Minimum Support Price (MSP) for mangoes to ensure that growers were not exploited by market forces. Further, they have also demanded compensation for farmers who have suffered losses due to the price crash. Madurai district agricultural officials cited the over production of mangoes as reason for the price crash. As the climate for the growth of mangoes was conducive, the farmers witnessed a good yield, but that has in turn reduced the demand for the fruit, the official stated. However, their demands for compensation and fixation of MSP would all be discussed with the government for further action, the official added.
The Hindu
15 minutes ago
- The Hindu
Sponsors and perpetrators of terror must be brought to justice, say Central Asian countries
The Foreign Ministers of Central Asian countries on Friday (June 6, 2025) 'unequivocally condemned' the terrorist attack in Pahalgam and conveyed their 'firm commitment' to fight terrorism. The common position against terrorism was arrived at during the India-Central Asia Dialogue that was chaired by External Affairs Minister S. Jaishankar. He acknowledged the solidarity that the Central Asian countries had extended to India after the terror attack in Pahalgam on April 22. He also called upon the region to work for 'greater financial connectivity' with India. 'They reaffirmed their firm commitment to fight against terrorism in all its forms and manifestations, and reiterated that providing safe haven, using terrorist proxies for cross-border terrorism, terror financing, arms and drugs trafficking, dissemination of a radical ideology and abuse of cyber space to spread disinformation and incite violence goes against the basic principles of humanity and international relations,' the participating Foreign Ministers said in a joint statement that was issued at the end of the meeting. The participating countries also stressed that 'perpetrators, organisers,financiers and sponsors of terrorist acts must be held accountable and brought to justice'. Push for connectivity The Foreign Ministers of India, Kazakhstan, Uzbekistan, Kyrgyzstan, Tajikistan and Turkmenistan emphasised 'optimum usage of the International North-South Transport Corridor (INSTC)' to enhance connectivity between India and the Central Asian countries. The participants at the dialogue said connectivity projects should be 'based on principles of transparency, broad participation, local priorities, financial sustainability, respect for sovereignty and territorial integrity of all countries'. At the meeting, India supported the membership of Turkmenistan and Uzbekistan in the INSTC. 'The Ministers underlined the importance of greater financial connectivity between India and Central Asian countries, including through digital payment systems, enhanced inter-bank relations, and trade in national currencies to encourage greater trade, investment, tourism and people-to-people exchanges,' the joint declaration stated. It also expressed interest in joint exploration of rare earth and critical minerals, and called on the participating countries to organise the second India-Central Asia Rare Earth Forum meeting 'at the earliest convenience'. Trusted partner Earlier, inaugurating the dialogue, Mr. Jaishankar described India as 'a trusted development partner' of Central Asia. Mr. Jaishankar highlighted trade and investment, defence, agro-processing, textiles, pharmaceuticals, regional connectivity, security, education, culture, people-to-people exchanges as areas where bilateral cooperation will increase in the coming period. 'India remains a trusted development partner for all of you. Together with ITEC (Indian Technical and Economic Cooperation) training slots and ICCR scholarships, which are the most well-known forms of our development partnerships, we also have started providing high-impact community development projects as Indian grants for socio-economic development,' said Mr. Jaishankar.
Economic Times
17 minutes ago
- Economic Times
Big savings for home loan borrowers as EMIs to fall significantly after RBI cuts repo rate by 50 bps
RBI MPC meeting Updates: RBI cuts repo rates by 50 bps to 5.5%, CRR by 100 bps The Reserve Bank of India (RBI) is continuing the trend of delivering good news to home loan borrowers, especially in 2025. The RBI has decided to cut the repo rate by 50 basis points (bps). The latest cut in the repo rate means that the interest rate on home loans will decrease, which means that EMIs or the tenure of the home loan will also come down. The central bank has also cut the Cash Reserve Ratio (CRR) by 100 basis points to 3% from 4% earlier. With the CRR and repo rate cut, banks will be more comfortable in cutting home loan interest rates. The RBI has changed the monetary policy stance from accommodative to neutral in today's monetary policy meeting. This means that with a 100 bps repo rate cut so far, the future rate cut is less certain and will largely depend on inflation and growth is worth noting that the RBI has reduced the repo rate by a total of 50 basis points in February and April 2025. With the current 50-basis-point cut, the repo rate has fallen by 100 basis points overall in the first half of 2025. Also read | What should FD investors do now as interest rates to fall further with RBI cutting repo rate again by 50 bpsAman Trehan, Executive Director, Trehan Iris, said, 'The RBI's 50 basis point reduction in the repo rate to 5.5% is a significant boost for the real estate sector. Lower borrowing costs will make home loans more affordable, enhancing buyer sentiment, particularly in the affordable and mid-income segments. Additionally, the 100 basis point cut in the Cash Reserve Ratio improves liquidity, enabling banks to pass on the benefits to consumers more effectively.' Deepak Kumar Jain, Founder and CEO of CredManager, says, "With the RBI announcing a third rate cut this calendar year—bringing the total repo rate reduction to 100 basis points (bps)—we're seeing a gradual but positive shift for borrowers. Although each cut, including the recent 50 bps reduction, may seem modest in isolation, cumulatively, they help ease the overall cost of borrowing. For instance, on a Rs 50 lakh home loan over 20 years, the EMI drops by around Rs 3,164. For loans of Rs 1 crore and Rs 1.5 crore, the monthly savings are approximately Rs 6,329 and Rs 9,493, respectively. While these savings aren't massive, they do improve affordability, especially in a high-cost housing market." Also read | Rs 7.71 lakh savings on Rs 50 lakh home loan: Check how much you will save after RBI's 50 bps repo rate cutA home loan borrower has an outstanding loan of Rs 50 lakh at an 8.5% interest rate and 20-year tenure. With a 100 bps rate cut so far, the total interest savings will be Rs 7.47 lakh in the entire tenure. This will happen because total interest payments will decrease from Rs 54.14 lakh to Rs 46.67 lakh over a 20-year tenure. Now, if you decide to keep the same tenure, then your EMI will fall down from Rs 43,391 to Rs 40,280 - savings of Rs 3,111 per you keep the same EMI of Rs 43391, the tenure of your home loan will reduce substantially from 20 years to 17 years - a drop by almost three years. This will end up with huge interest savings of Rs 15.44 reasons have prompted the RBI to consider a third rate cut. According to the Bajaj Broking report, "Headline CPI inflation remains consistently below the RBI's medium-term target of 4%."According to the government's data, the CPI Inflation in March 2025 was 3.34%. This further decreased to 3.16% in April 2025. According to the SBI Research Report, "CPI Inflation may come down to 2.9% in Q1 FY26 as food inflation is expected to be within the target in June quarter. Above normal monsoon prediction by IMD, strong arrival of crops and decline in crude oil prices revising down our CPI estimate to 3.5% in FY 26 with downward bias."Another reason for the RBI's repo rate cut is the expectation of muted credit growth in FY26. As per the SBI research report, the commercial banks' credit growth slowed to 9.8% as on May 16, 2025, compared to 19.5% in the last year. During April and May, credit declined by Rs 15,676 crore, while deposits grew by Rs 3.06 lakh crore. A decent credit growth is required for economy to maintain its growth and a lower interest rate helps in boosting the credit economy is also not growing at the rate to match its true potential. "GDP growth appears to be softening, worsened by external shocks such as trade disruptions from recent U.S. policy moves," said Bajaj Broking in its report. With inflation being firmly in grip, focus of the central bank shifts towards economic growth and a lower rate regime helps in boosting the latest repo rate cut, home loan EMIs are expected to decrease further. Following the 50-bps repo rate cut by the RBI in February and April 2025, many banks have recently reduced their repo-linked EBLRs by a similar magnitude. However, many borrowers are still with old interest rate regimes like MCLR, base rate and BPLR, so, the quantum and speed of benefit of interest rate reduction will vary for Agarwal, CEO, Paisabazaar, says, "The 50-basis-point rep rate cut should lead to reduction in home loan interest rates, both for new and existing home loan borrowers. However, the quantum and time of the rate cut transmission would depend on factors like type of interest rate benchmarks used by the lenders, their rate reset related policies regarding, rate reset dates set for the borrowers, etc. The transmission would be quickest and absolute in case of existing home loans linked to the repo rate. The exact date of rate cut transmission to the existing borrowers would depend on the rate reset dates set by their respective lenders. Till then, they will continue to repay their loans as per their existing interest rates. As the cost of funds of the lenders play a major role in determining their internal benchmark rates, there would be a longer lag in the transmission of repo rate cuts to home loans linked to MCLR- or other internal benchmarks." Home loan linked to EBLR: As a majority of floating rate interest rate of home loans taken from banks is linked to an External Benchmark Lending Rate which is repo rate in most cases, then with the latest repo rate cut, your home loan interest rate will come down further in the coming months. "The majority of new home loans in India today are linked directly to the RBI's repo rate, under the Repo Linked Lending Rate (RLLR) framework introduced in 2019. As a result, changes in the repo rate are typically transmitted quickly to borrowers through lower interest rates and reduced EMIs," says Yashish Dahiya, Chairman & Group CEO of PB Fintech. Once the lender decides to go for reduction of interest rate, it will give you the option to either reduce your EMI by keeping same home loan tenure or keep the EMI unchanged and get reduced home loan tenure. According to experts and as per our calculations above, reducing your home loan tenure offers more benefits in the long term. Home loans linked to MCLR, base rate or BPLR: 35.9% of loans are linked to MCLR as per the SBI research report. MCLR has a longer reset period than EBLR. In a falling interest rate scenario, it is beneficial to have an interest rate regime which is faster in passing the benefit of interest rate reduction. If your home loan is still linked to the MCLR or any other loan regime, then you should switch to the EBLR-based regime to get quicker benefit of interest rate reduction and save on interest costs. The SBI research report anticipates that the RBI will cut the repo rate by 100 basis points in FY 2025-26. The central bank has already reduced the repo rate by 25 basis points in April 2025. With the current cut of 50 bps, there is still scope for 25 bps reduction in the coming months.
