Latest news with #GautamHariSinghania
Fibre2Fashion
6 days ago
- Business
- Fibre2Fashion
India's Raymond Lifestyle posts record $168.57 mn Q1 FY26 revenue
Indian retailer of fabric and fashion products, Raymond Lifestyle Limited, has announced its unaudited financial results for the first quarter (Q1) of fiscal 2026 (FY26), reporting a record revenue of ₹1,475 crore (~$168.57 million)—an increase of 18 per cent year-on-year (YoY), despite it being the seasonally weakest quarter. This performance was primarily led by robust growth in the branded textile and branded apparel segments. EBITDA surged by 36 per cent YoY to ₹122 crore, with margins improving to 8.2 per cent from 7.1 per cent in Q1 FY25, driven by higher sales, an improved product mix, and operational leverage. The profit before tax (PBT) before exceptional items stood at a loss of ₹25 crore, narrowing from ₹32 crore in the same period last year. Raymond Lifestyle Limited has reported record Q1 FY26 revenue of ₹1,475 crore (~$168.57 million), up 18 per cent YoY, led by strong growth in branded textile and apparel. EBITDA rose 36 per cent to ₹122 crore (~$13.94 million). While garmenting declined due to US tariffs, other segments saw healthy gains. The company ended the quarter with 1,675 stores, focusing on retail optimisation. The revenue for branded textile rose 27 per cent YoY to ₹716 crore (~$81.89 million) on the back of strong volume growth and increased wedding dates. EBITDA nearly doubled to ₹103 crore, with margins improving to 14.3 per cent from 9.6 per cent, the company said in a release. For branded apparel, revenue increased 22 per cent YoY to ₹370 crore, with growth seen across all brands and channels. EBITDA grew to ₹19 crore, and margins slightly improved to 5 per cent from 4.9 per cent. Garmenting section's revenue dropped to ₹197 crore from ₹252 crore due to uncertainties stemming from US tariff announcements. EBITDA margin declined to (3.9 per cent) from 3.5 per cent due to scale deleverage. High value cotton shirting saw an increase of 10 per cent YoY in its revenue to ₹205 crore, with EBITDA doubling to ₹20 crore. EBITDA margin improved to 9.5 per cent, supported by strong B2B demand and a better product mix. The company continued its retail network optimisation strategy, exiting under-performing stores. As of June 30, 2025, the store count stood at 1,675, up from 1,540 last year, with newly opened stores expected to mature over time. Raymond Lifestyle ended the quarter with a net-debt position of ₹55 crore, reflecting inventory build-up ahead of the festive and wedding season. 'We are pleased to report improved quarterly performance, driven by signs of demand recovery across our key lifestyle segments. While we remain optimistic, we are also maintaining a cautious stance due to global macroeconomic uncertainties,' said Gautam Hari Singhania, executive chairman of Raymond Lifestyle Limited. 'We are closely monitoring key developments, including the opportunities presented by the UK-India Free Trade Agreement and the challenges posed by US Tariffs. Our agile strategies, combined with these evolving market dynamics, position us well to deliver sustained value to stakeholders.' Fibre2Fashion News Desk (SG)
&w=3840&q=100)
Business Standard
7 days ago
- Business
- Business Standard
Raymond Lifestyle Q1 results: Loss narrows to ₹19.8 cr on strong growth
Raymond Lifestyle Ltd on Wednesday said it has narrowed its consolidated net loss to Rs 19.82 crore in the June quarter, on the back of improved performance in the branded textile and apparel segment led by volume growth. The company had posted a consolidated net loss of Rs 23.21 crore in the corresponding quarter last fiscal, Raymond Lifestyle Ltd said in a regulatory filing. Consolidated revenue from operations in the quarter under review stood at Rs 1,430.43 crore against Rs 1,220.12 crore in the same period a year ago, it added. Total expenses in the first quarter were higher at Rs 1,499.72 crore compared to Rs 1,281.28 crore in the year-ago period. The performance in Q1, which is seasonally the weakest quarter in the year, was mainly driven by improved performance in the branded textile and branded apparel segment led by volume growth, the company said. Branded textile segment revenue grew by 27 per cent to Rs 716 crore in Q1 FY26 compared to Rs 565 crore in Q1 FY25, mainly on account of robust volume growth, higher wedding dates and increased consumer awareness as compared to the previous year, it added. Similarly, branded apparel segment revenue was Rs 370 crore in the first quarter over Rs 303 crore in the year-ago period, up 22 per cent. However, the revenue of garmenting segment declined to Rs 197 crore from Rs 252 crore in the same quarter previous year, impacted by uncertainty on account of US tariffs announcements, the company said. Raymond Lifestyle Ltd Executive Chairman Gautam Hari Singhania said the improved quarterly performance was driven by signs of demand recovery across key lifestyle segments. "While we remain optimistic, we are also maintaining a cautious stance due to global macroeconomic uncertainties. We are closely monitoring key developments, including the opportunities presented by the UK-India Free Trade Agreement and the challenges posed by US Tariffs," he noted.
News18
7 days ago
- Business
- News18
Raymond Lifestyle Q1 net loss narrows to Rs 19.82 cr
Agency: PTI New Delhi, Aug 6 (PTI) Raymond Lifestyle Ltd on Wednesday said it has narrowed its consolidated net loss to Rs 19.82 crore in the June quarter, on the back of improved performance in the branded textile and apparel segment led by volume growth. The company had posted a consolidated net loss of Rs 23.21 crore in the corresponding quarter last fiscal, Raymond Lifestyle Ltd said in a regulatory filing. Consolidated revenue from operations in the quarter under review stood at Rs 1,430.43 crore against Rs 1,220.12 crore in the same period a year ago, it added. Total expenses in the first quarter were higher at Rs 1,499.72 crore compared to Rs 1,281.28 crore in the year-ago period. The performance in Q1, which is seasonally the weakest quarter in the year, was mainly driven by improved performance in the branded textile and branded apparel segment led by volume growth, the company said. Branded textile segment revenue grew by 27 per cent to Rs 716 crore in Q1 FY26 compared to Rs 565 crore in Q1 FY25, mainly on account of robust volume growth, higher wedding dates and increased consumer awareness as compared to the previous year, it added. Similarly, branded apparel segment revenue was Rs 370 crore in the first quarter over Rs 303 crore in the year-ago period, up 22 per cent. However, the revenue of garmenting segment declined to Rs 197 crore from Rs 252 crore in the same quarter previous year, impacted by uncertainty on account of US tariffs announcements, the company said. Raymond Lifestyle Ltd Executive Chairman Gautam Hari Singhania said the improved quarterly performance was driven by signs of demand recovery across key lifestyle segments. 'While we remain optimistic, we are also maintaining a cautious stance due to global macroeconomic uncertainties. We are closely monitoring key developments, including the opportunities presented by the UK-India Free Trade Agreement and the challenges posed by US Tariffs," he noted. PTI RKL SHW view comments First Published: August 06, 2025, 20:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
&w=3840&q=100)
Business Standard
30-06-2025
- Business
- Business Standard
Raymond, Raymond Lifestyle zoom up to 16% on heavy volume; here's why
Raymond, Raymond Lifestyle share prices rise Shares of Raymond and Raymond Lifestyle moved higher by 16 per cent on the BSE in Monday's intra-day trade amid heavy volumes in an otherwise weak market. Raymond Lifestyle stock surged 16 per cent to ₹1,413.95 on the back of eight-fold jump in average trading volumes. A combined nearly 4 million shares changed hands on the NSE and BSE. Raymond soared 15 per cent to ₹718.05, with average trading volumes seeing a jump of over 15-fold. A combined 9.3 million shares changed hands on the NSE and BSE. In comparison, the BSE Sensex was down 0.65 per cent or 543 points at 83,515 at 02:06 PM. Meanwhile, the share price of Raymond has zoomed 67 per cent and Raymond Lifestyle by 64 per cent from their respective 52-week lows touched on April 7, 2025. Listing of Raymond Realty Gautam Hari Singhania, Chairman & Managing Director, Raymond last month said that Real Estate business is expected to be listed in the Q2FY26. The demerger of Raymond Realty was completed on May 1, 2025. According to the scheme of arrangements, each shareholder of Raymond was to receive one share of Raymond Realty for every share held in Raymond. Gautam Singhania, CMD, Raymond unveils—Raymond 2.0— strategy Going forward, Raymond 2.0 will be anchored on three powerful pillars that will define the Group's future: Lifestyle, Real Estate, and Engineering. The Group's three pronged strategy - Strengthen the Core in branded textiles, Accelerate the Growth in apparel and garmenting, and Build the New across ethnic wear, innerwear, and sleepwear - positions us to capture the entire spectrum of the modern Indian consumer's needs, Gautam Singhania said. Raymond Realty stands as the crown jewel of Group's transformation - a net debt-free, pure-play real estate entity that has rapidly ascended to become one of the Top 5 developers in the Mumbai Metropolitan Region (MMR). Going forward, with a significant development pipeline, Raymond Realty is perfectly positioned to tap into India's urban renaissance. Today, as global supply chains shift and the China+1 strategy accelerates, Raymond is uniquely positioned to capitalize on this once-in-a-generation opportunity. The Group's engineering prowess spans across critical high-growth sectors - aerospace, defence, and automotive - where our execution capabilities for precision, reliability, and innovation are unmatched. 'This diversified portfolio, combined with proven execution capabilities, deep global partnerships and relentless focus on technological advancement, uniquely positions us to increase our order book and sustain high double-digit growth,' Gautam Singhania said. About Raymond Raymond Group has been a pioneer and leader in fabric manufacturing, since 1925, and then forayed into other sectors such as engineering business and Real Estate. After demerging its Lifestyle Business into a separate listed entity in the year 2024, Raymond Limited now has two core businesses, Real Estate and Engineering. Raymond Realty has carved its position in Real Estate sector by leaps and bounds and today is amongst the top 10 Real Estate players in the country. Raymond Realty has cemented its position amongst the home buyers in MMR region. Raymond's engineering business is well known for its leadership position in manufacturing files and hand tools and has a significant presence in national and international markets. With the acquisition of Maini Precision Products Limited (MPPL) Raymond's engineering business will emerge as a large‐scale provider of Engineering, Automotive, EV, Aerospace & Defense components, distinctly positioned to target high‐growth precision engineering products with a significant presence across international as well as domestic markets.
Time of India
15-05-2025
- Business
- Time of India
Raymond shares hit 5% upper circuit after Dalal Street prices in realty demerger
Shares of Raymond Ltd hit the 5% upper circuit at Rs 584.25 on the BSE Thursday, gaining sharply after the company concluded the demerger of its real estate arm, Raymond Realty , as part of a broader strategy to unlock value through standalone verticals. The surge follows the completion of the demerger on May 1 and the record date on Wednesday, May 14, which determined eligible shareholders who will receive one share in Raymond Realty for every share held in Raymond Ltd. The newly carved-out entity is expected to list separately on the NSE and BSE by the September quarter of FY26. 'We are delighted to announce the successful demerger… This strategic move emphasizes our commitment to drive sustainable growth via pure play business,' said Chairman and Managing Director Gautam Hari Singhania. Realty arm steps out with strong metrics Raymond Realty, which has built a growing footprint in the Mumbai Metropolitan Region , exits the Raymond Ltd umbrella with a net cash surplus of Rs 399 crore. In the March quarter (Q4FY25), the business posted revenue of Rs 766 crore, up 13% year-on-year, and an EBITDA of Rs 194 crore with a margin of 25.3%. Despite no new project launches in the quarter, Raymond Realty posted a healthy booking value of Rs 636 crore, led by demand for projects like The Address by GS 2.0, Invictus, and Park Avenue – High Street Retail in Thane, as well as The Address by GS in Bandra. The realty unit is aggressively expanding its presence in the Mumbai Metropolitan Region through joint development agreements. In Q4FY25, it signed new JDAs in Mahim and Wadala, adding Rs 6,800 crore to its potential gross development value. 'With these additions the total potential revenue from our current Real Estate Business is now close to Rs 40,000 crore, which includes Rs 25,000 crore from our Thane Land parcel and Rs 14,000 crore from JDA led model,' the company said. The listing of Raymond Realty will allow shareholders to directly participate in the real estate business while Raymond Ltd continues to operate its engineering and other legacy businesses. The demerger mirrors the September 2024 spin-off of Raymond group's lifestyle unit and is part of a wider effort to restructure the conglomerate into focused, independently run verticals. Also read | Inside Raymond's realty demerger: 7 things to know about the real estate arm as it goes solo ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
