Raymond Lifestyle Q1 FY27: ₹1,560 Cr income, EBITDA +11%

What Raymond reported for Q1 FY27

Raymond group entities released unaudited results for the quarter ended June 30, 2026 (Q1 FY27), with filings and media reports highlighting Raymond Lifestyle Limited’s consolidated performance and segment details. The disclosures show topline growth year-on-year, a rise in operating EBITDA, and an improved balance sheet position moving deeper into net cash. At the same time, the quarter still recorded a consolidated loss for Raymond Lifestyle, indicating profitability remains under pressure despite better operating metrics. Separately, a set of numbers attributed to Raymond Limited cited a smaller total income base and included Aerospace and Precision Engineering segment growth figures.

The mix of disclosures matters for investors because the topline and operating profit trends are positive, but the bottom line is still negative in the Lifestyle entity. It also underlines the need to track which listed entity and which consolidation scope the numbers refer to, particularly after group-level corporate actions and reporting structures.

Board approval, auditor review, and compliance

Raymond Lifestyle Limited said its Board of Directors approved the standalone and consolidated unaudited results in a meeting held on July 31, 2026. The company also submitted a Limited Review Report from its statutory auditors, Walker Chandiok & Co LLP, along with a press release on the quarter’s outcomes. According to the disclosure, the review reported no material misstatements in the accompanying financial statements. The results were prepared in line with Ind AS 34 for interim financial reporting.

The company also scheduled an earnings conference call for Monday, August 3, 2026 at 4:00 PM IST to discuss the quarter’s performance and operational updates. The dates referenced across reports include August 1, 2026 for an announcement and August 3, 2026 as a release date in another report, alongside the earnings call schedule.

Key consolidated numbers: income up, EBITDA up

For Q1 FY27, Raymond Lifestyle Limited’s total income was reported at ₹1,560.27 crore, up 5.78% year-on-year from ₹1,474.95 crore. Revenue from operations was reported at ₹1,515.51 crore, up 5.95% year-on-year from ₹1,430.43 crore. On a quarter-on-quarter basis, total income was lower versus ₹1,810.32 crore in Q4 FY26.

Operating EBITDA was reported at ₹135 crore, up 11% year-on-year, with the EBITDA margin at 8.6%, reflecting a 40 basis point expansion. Expenses for the quarter were reported at ₹1,598.60 crore, up 6% year-on-year. These numbers point to operating improvement but also show that costs remain elevated relative to revenue in the period.

Bottom line remained negative

Raymond Lifestyle reported a wider consolidated net loss of ₹22.59 crore in Q1 FY27, compared with a loss of ₹19.82 crore in Q1 FY26. Profit before tax was reported at a loss of ₹38.33 crore for Q1 FY27, compared with a loss of ₹24.77 crore in Q1 FY26. Basic and diluted EPS was reported at (₹3.71) versus (₹3.25) in the year-ago quarter.

The company’s results therefore reflect a combination of improving operating profitability and a continued drag on net profitability, as captured by the loss at the PBT and PAT levels.

Segment performance: garmenting surge, mixed trends elsewhere

Segment disclosures showed varied performance within Raymond Lifestyle’s operations. Branded Textiles revenue was ₹684 crore in Q1 FY27 versus ₹699 crore in Q1 FY26. Segment EBITDA for Branded Textiles was ₹95 crore versus ₹107 crore, with margin at 13.9% versus 15.3%, with the company attributing the margin change to scale deleverage and a base effect.

Branded Apparel revenue grew 4% year-on-year to ₹349 crore. The segment reported EBITDA of ₹18 crore versus ₹26 crore, with EBITDA margin at 5.1% versus 7.8%, which the company linked to adverse channel mix.

Garmenting was the standout on topline growth, with revenue at ₹296 crore versus ₹197 crore, a 50% year-on-year increase. Segment EBITDA improved to ₹22 crore from (₹8 crore) in the year-ago quarter, and the margin improved to 7.3% from (4.1%). High Value Cotton Shirting revenue was ₹194 crore versus ₹205 crore, with EBITDA of ₹19 crore and margin improving to 9.7% from 9.1%. Emerging Business revenue was reported at ₹79 crore, reflecting 9% year-on-year growth.

Balance sheet and working capital movement

Raymond Lifestyle reported a net cash surplus of ₹154 crore in June 2026, compared with a net debt position of ₹55 crore in June 2025. Another data point in the coverage noted net cash surplus adjusted to ₹154 crore, compared with a surplus of ₹179 crore at the end of FY26.

Working capital efficiency also improved, with net working capital days reported at 75 days in Q1 FY27 versus 90 days in Q1 FY26, an improvement of 15 days. For a consumer-facing lifestyle business, this metric is closely watched because it affects cash conversion and reliance on short-term funding.

Another set of Raymond numbers: ₹628 crore income snapshot

A separate set of figures attributed to Raymond Limited reported a total income of ₹628 crore for Q1 FY27, up 13.1% year-on-year, with EBITDA of ₹100 crore, up 14% year-on-year and an EBITDA margin of 15.9%. That snapshot also cited PBT of ₹42 crore with a PBT margin of 6.7%, and a net cash surplus of ₹129 crore.

It additionally reported segment growth in Aerospace and Defence revenue, up 40.4% to ₹123 crore, and Precision Technology and Auto Components revenue up 11.5% to ₹444 crore. These figures were presented alongside the broader Lifestyle results in the provided material, and readers should note the entity and scope differences when comparing totals.

Summary table: key reported metrics (Q1 FY27)

Market impact: what the numbers signal

The disclosures show year-on-year income growth and operating margin improvement for Raymond Lifestyle, which typically supports sentiment around operational execution. However, the widening consolidated loss means investors may focus on the path to net profitability, cost control, and the sustainability of segment-level margin recovery.

For operating performance, the sharp turnaround in Garmenting EBITDA from a loss to a positive figure is a key development, while the margin compression in Branded Textiles and Branded Apparel provides a counterbalance. The shift to a net cash position and the improvement in working capital days are tangible balance-sheet positives, because they can reduce financing stress and provide flexibility in inventory and channel management.

Analysis: why this quarter matters

Two themes stand out in the Q1 FY27 disclosures. First, the operating line improved, with EBITDA growth outpacing topline growth and margin expanding by 40 basis points for Raymond Lifestyle. Second, the company still reported losses at the PBT and PAT levels, which implies that depreciation, interest, exceptional items, or other below-EBITDA costs remain meaningful in the reported structure.

Segment data suggests execution is not uniform across the portfolio. Garmenting drove growth and profitability improvement, while Branded Textiles and Branded Apparel faced margin pressure in the quarter. The working capital improvement to 75 days from 90 days year-on-year is a measurable operational change that can support cash generation, aligning with the reported movement into net cash.

What to track next

Raymond Lifestyle scheduled its Q1 FY27 earnings call for August 3, 2026 to discuss performance and operational updates. Investors will look for clarity on the drivers behind the consolidated loss, the sustainability of the Garmenting turnaround, and steps to stabilise margins in Branded Textiles and Branded Apparel.

The next checkpoints will be management commentary from the call and subsequent quarterly results to assess whether the operating improvement translates into a narrower loss or a return to profitability, while maintaining net cash discipline and working capital gains.