Raymond Lifestyle Limited is an Indian textile, branded apparel, garmenting, and lifestyle company producing suiting, shirting, wool, cotton, linen, and denim products through vertically integrated manufacturing and a nationwide retail and wholesale network. Its portfolio spans branded textiles, branded apparel, garmenting exports, high-value shirting, and emerging lifestyle businesses. Raymond Lifestyle Limited achieved its highest-ever quarterly total income of INR2,125 crores in Q2 FY27, up 14% year-on-year, despite elevated freight, raw-material, and marketing costs. Revenue from operations increased 13% to INR2,075 crores, while EBITDA grew 4% to INR270 crores, demonstrating resilience but also some margin pressure. The garmenting business is becoming a major growth engine, with Q2 revenue rising 26% year-on-year and EBITDA increasing 75%. Raymond Lifestyle Limited is benefiting from new European accounts, UK-India trade momentum, tariff rationalization, and a Hindupur expansion that will increase capacity from three planned lines to ten. Raymond Lifestyle Limited significantly strengthened its balance sheet, moving from net debt of INR246 crores in September 2025 to net cash of INR69 crores in September 2026. The working-capital cycle also improved from 105 days to 82 days, despite higher sales and seasonal inventory requirements. The company is balancing premiumization and casualization, with pure wool, linen, ColorPlus, and Parx supporting growth while emerging businesses remain in incubation. Management expects double-digit FY27 revenue growth, mid-to-high double-digit EBITDA growth, double-digit PBT growth, and year-end net cash exceeding INR300 crores.