Raymond Realty Q4 FY26 pre-sales jump to ₹1,519 crore

What Raymond Realty reported for the March quarter

Raymond Realty said its pre-sales, also described as sales bookings, rose sharply in the quarter ended March (Q4 FY26). The company reported Q4 FY26 pre-sales of ₹1,519 crore, more than double the ₹636 crore recorded in the same quarter last year. The update was disclosed through a regulatory filing and was attributed to better demand for its residential properties. The company linked the quarter’s performance to sustained sales momentum and multiple launches across the Mumbai Metropolitan Region (MMR). It also pointed to high sales velocity in specific micro-markets, including Thane and Bandra-Kurla Complex (BKC). The operational update comes at a time when residential activity in MMR continues to attract developers and large business groups. For Raymond Realty, the March quarter appears to have been a key driver of the full-year outcome.

Q4 FY26 pre-sales: scale and year-on-year jump

The headline number in the update was the Q4 FY26 pre-sales figure of ₹1,519 crore. In Q4 FY25, pre-sales were ₹636 crore, implying about 139% year-on-year growth as cited in the company’s updates. The company indicated that the growth was supported by a mix of strategic project launches and steady demand across premium and mid-income housing segments. It highlighted that launches and sales momentum were spread across the MMR rather than being concentrated in a single pocket. The filing and business updates positioned Thane as a key contributor, reflecting higher transaction velocity in those projects. BKC was also named as a premium micro-market where an ultra-luxury project contributed to the quarter’s performance. Overall, the Q4 numbers suggest that Raymond Realty ended FY26 with stronger booking momentum than it had a year earlier.

FY26 pre-sales rose 31% to ₹3,023 crore

Beyond the quarter, Raymond Realty reported that its pre-sales for the full financial year 2025-26 increased 31% year-on-year. FY26 pre-sales were ₹3,023 crore, up from ₹2,314 crore in FY25. The company described this as steady growth and an indicator of consistent market traction. The FY26 figure matters because it shows the Q4 surge was not the only driver, even though the March quarter contributed significantly. The company’s update also framed real estate as an increasingly central business strategy for major Indian conglomerates. While broader sector comparisons were referenced in the source material, the disclosed data points in this update were specific to Raymond Realty’s booking and pipeline trajectory. The full-year expansion in pre-sales, combined with an active launch schedule, was presented as a sign of continued demand in MMR.

Collections rose 4% in Q4 FY26

Raymond Realty also reported collections of ₹515 crore in Q4 FY26. This represented a 4% year-on-year increase compared to ₹496 crore in Q4 FY25. Collections are a useful operational indicator because they reflect cash inflows from customers, not just bookings. The disclosed increase was modest compared to the jump in quarterly pre-sales, but it still indicated incremental improvement over the same period last year. The company’s updates did not provide a detailed breakdown of collections by project or geography in the provided text. Even so, the combination of higher pre-sales and slightly higher collections suggests continued execution focus during the quarter. Investors typically track whether collections keep pace with bookings over time, particularly when companies scale new launches across multiple micro-markets.

Where the demand came from: Thane, Wadala-Sion and BKC

The company attributed the quarter’s momentum to launches and sustained sales velocity across MMR. Specific projects mentioned include Ten X District 9 (Thane), Park Street (Thane), The Address by GS (Thane) and projects referenced in Wadala and Sion. The update also called out Invictus by GS in BKC as an ultra-luxury development contributing to the high-value launch mix. The emphasis on Thane aligns with the company’s broader statement on strong demand in that micro-market. BKC, being a premium location, suggests the company is also targeting higher-ticket demand where available. Taken together, the cited project list indicates Raymond Realty is trying to balance both mid-income volumes and premium pricing within the same metro region.

Kandivali addition and the role of joint development

Raymond Realty said it secured a new project in Kandivali with a gross development value (GDV) of ₹3,000 crore. The update described this as building on momentum from its major residential development in Wadala. Alongside this, the company mentioned expansion through joint development agreements and land acquisitions as contributing factors. While the filing does not detail the structure of these agreements in the provided text, the reference signals that growth is not limited to organic launches on existing land parcels. Securing new projects can help maintain a steady pipeline of launch opportunities, which becomes critical when a developer is reporting rising bookings. The Kandivali project also adds to the geographical spread within MMR, complementing Thane-led momentum.

Pipeline: ₹43,000 crore revenue potential across MMR

A key forward-looking disclosure in the update was the company’s pipeline. Raymond Realty said it has a strong launch pipeline carrying a total revenue potential of ₹43,000 crore across the Mumbai Metropolitan Region. These projects are expected to be launched over the next few years, according to the filing and subsequent business updates. The company also said it plans to activate this pipeline over the coming years, positioning it as a central driver of future launches. Pipeline disclosures matter because they provide visibility into potential scale, even though conversion depends on approvals, launch timing, and market conditions. In Raymond Realty’s case, the pipeline number is materially larger than its current annual pre-sales base, which underscores management’s stated ambition in MMR.

Stock market reaction and key trading levels

The operational update coincided with a positive move in the company’s stock price. Shares of Raymond Realty closed 2.99% higher at ₹411.20 per share on the NSE on Thursday, April 2. The scrip was reported to have gained 6% over the past week but was down 2% over the month. On a year-to-date basis, it was down 21% as per the same market update. The stock’s 52-week range was also cited: a low of ₹349 on March 16, 2025 and a high of ₹1,050 on July 1, 2025. The company’s market capitalisation was stated at ₹2,755.49 crore as of April 2, 2026.

Key numbers at a glance

Why the update matters for the MMR residential market

Raymond Realty’s Q4 FY26 numbers add another data point showing active residential demand in the Mumbai Metropolitan Region. The company explicitly linked its performance to multiple project launches and sustained sales momentum across Thane and BKC, indicating that both volume-led and premium micro-markets are contributing. The expansion through joint development agreements, land acquisitions, and the newly secured Kandivali project points to an attempt to maintain a steady supply of launches. The scale of the stated pipeline, at ₹43,000 crore revenue potential, provides a framework for how the company is planning its next phase in MMR. At the same time, the more modest 4% increase in Q4 collections highlights that bookings growth and cash collections can move at different speeds in a given quarter.

Conclusion

Raymond Realty reported Q4 FY26 pre-sales of ₹1,519 crore, up from ₹636 crore a year earlier, and FY26 pre-sales of ₹3,023 crore, up 31% year-on-year. The company attributed momentum to launches and sales velocity across MMR, with Thane and BKC among the key micro-markets mentioned. It also added a Kandivali project with GDV of ₹3,000 crore and reiterated a pipeline with ₹43,000 crore revenue potential across MMR. Over the next few years, the timing and execution of planned launches from this pipeline will be the central datapoints to track in subsequent operational updates.