Interim report
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Raymon� LIFESTYLE LIMITED (Formerly known as Raymond Consumer Care Limited) RLL/SE/25-26/48 October 29, 2025 To The Department of Corporate Services - CRD BSE Limited The National Stock Exchange of India Limited Exchange Plaza, 5th Floor P.J. Towers, Dalal Street Mumbai - 400 001 Scrip Code: 544240 Dear Sir /Madam, Bandra-Kurla Complex Bandra (East), Mumbai - 400 051 Symbol: RAYMONDLSL Sub: Outcome of Board meeting - Raymond Lifestyle Limited We wish to inform you that the Board of Directors of Raymond Lifestyle Limited ("the Company") at their meeting held today i.e. October 29, 2025, has inter alia considered and approved the Unaudited Financial Results (Standalone and Consolidated) of the Company for the Second Quarter and half year ended September 30, 2025. The Meeting commenced at 09:00 a.m. and concluded at 10.20 a.m. Accordingly, pursuant to Regulation 30 and Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose the following: 1. Unaudited Financial Results (Standalone and Consolidated) of the Company for the second quarter and half year ended September 30, 2025; 2. Limited Review Report of the Statutory Auditors of the Company for the said period; and 3. Press Release on the Unaudited Financial Results for the second quarter and half year ended September 30, 2025. Please take the above information on record. Thanking you. Yours faithfully, For RAYMOND LIFESTYLE LIMITED p� COMPANY SECRETARY Encl.: A/a Corporate Office JEKEGRAM Pokhran Road No. 1, Thane (West)- 400 606, Maharashtra, India. Phone: +912261527000 Website: www.raymondlrtestyle.com Registered Office Plot G-35 and G-36, MIDC Waluj, Taluka Gangapur, Chhatrapati Sambhajinagar -431136, Maharashtra, India. CIN No: L74999MH2018PLC316288 Head Office New Hind House, Narottam Morarjee Marg, Ballard Estate, Mumbai -400 001, Maharashtra, India. Phone: +91 2240349999
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Walker Chandiok &.Co LLP Walker Chandiok & Co LLP 16th Floor, Tower Ill, One International Center, S B Marg, Prabhadevi 0N), Mumbai - 400013 Maharashtra, India T +91 22 6626 2699 F +91 22 6626 2601 Independent Auditor's Review Report on Standalone Unaudited Quarterly Financial Results and Year to Date Results of the Company pursuant to Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of Raymond Lifestyle Limited 1. We have reviewed the accompanying statement of standalone unaudited financial results (the 'Statement') of Raymond Lifestyle Limited (the 'Company') for the quarter ended 30 September 2025 and year to date results for the period 01 April 2025 to 30 September 2025, being submitted by the Company pursuant to the requirements of Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ('Listing Regulations'). 2. The Statement. which is the responsibility of the Company's management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS 34'), prescribed under section 133 of the Companies Act, 2013 (the 'Act'), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 and Regulation 52 read with Regulation 63 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements ('SRE') 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India (the 'ICAI'). A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Chartered Accountants Offices in Ahmedabad, Bengalutu, Chandigarh, Chennai, Oehradun, Gurug,am, Goa, Hydfflbad , Indore, Koehl, Kolkala. Mumbai, New Delhi, Noida and Pl.lne Walker Chandiok & Co U P ls registered with limi1ed li~biUty with idenlificatlon number AAC· 2085 and has its ,egis1e,ed office at L--41, Conn&ught Circus, Outet Circle, New Delhi. 110001, India
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Raymond Lifestyle Limited Independent Auditor's Review Report on Standalone Unaudited Quarterly Financial Results and Year to Date Results of the Company pursuant to Regulation 33 and Regulation 52 read with Regulation 63 of the Listing Regulations 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 and Regulation 52 read with Regulation 63 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For Walker Chandiok & Co LLP Chartered Accountants Firm Registration No: 001076N/N500013 ~ Bharat Shetty Partner Membership No. 106815 UDIN: ;:).SJD6'i?l5.BHJIIR q Place: Mumbai Date: 29 October 2025 Chartered Accountants Offaces tn Ahmedabad, Bengalurv, Chandigarh, Chennai, Oehtadun, Gurugtam, Goa, Hyderabad, Indore, Koehl, Kolkata, Mumbai. New Delhi. Noida and Pune Walker Chandiok & Co LLP Is registered wilh limited ltabllity with kfentiflcatlon number AAC- 2085 and has i1s regislered office at l -41, CoM aught Circus, Outer Circle, New Deihl, 110001, India
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A. Raymon~ LIFESTYLE LIM ITED (Formerly known as Raymond Consumer Care l imited) Registered Office : Plot G-35 & 36, MIDC, Walt4, Taluka Gangapur, Chhatrapati Sambhajinagar (Aurangabad) - 431136, Maharashtra. CIN:l74999MH 2018PLC316288 Email : corp.secretarial@raymond.in; Website: raymondl~estyte,com STATEMENT OF STANDALO NE FINANCIAL RESULTS FOR THE QUARTER/ HALF YEAR ENDED 30 SEPTEMBER 2025 Quarter ended (~ in lakhs, unl ess otherwise stated) Half Year ended Year ended Sr.No. Particulars 30,09.2025 30.06.2025 30.09.2024 30.09.2025 30.09.2024 31.03.2025 (Unaud ited) (Unaudited) (Unaudited ) (Unaudited) (Unaudited) (Audited) 1 Income a) Revenue from operations 145,740 110,558 131,548 256,298 219,826 468,128 b) Other income 3,787 4,769 2 924 8,556 6,029 13,112 Total income 149,527 115,327 134,472 264,854 225,855 481,240 2 Expenses a) Cost of materials consumed 16,180 13,000 14,219 29,180 30,883 55,270 b) Purchases of stock-in-trade 57,488 41,078 44,025 98,566 70,967 158,412 c) Changes in inventories of finished goods , stock-in-trade and IMlrk-in- (4,518) (4,224) 2,015 (8,742) (3,332) (3,394) progress d) Employee benefits expense 13,766 15,047 15,641 28,813 30,416 59,128 e) Finance costs 5,324 5,064 4,700 10,388 8,799 18,317 f) Depreciation and amortisation expense 7,500 7,255 6,033 14,755 11,868 25,668 g) Other expenses -Manufacturing and operating cost 13,702 11,380 12,511 25,082 24,040 52,430 - Other expenses 30,786 26 949 25,956 57,735 45,927 109,664 Total expenses 140,228 115,549 125,100 255,777 219,568 475,495 3 Prolitl(Loss) before exceptional items and tax (1-2) 9,299 (222) 9,372 9,077 6,287 5,745 4 Exceptional items • (loss) (refer note 2) 14681 15,944) (468) (5,992) 16,228 5 Profit/(Loss) before tax (3+4) 8,831 (222) 3,428 8,609 295 (483) 6 Tax credit/ (expense) CLI11'ent tax . . . Deferred tax (2,317) 57 (814) (2,260) (75) 211 Tax in respect of eanier years . . . (628) Total tax (expense)/c redit ' 2 317 57 (814 {2,260) (75 1417 7 Profit/(loss) for the period/ year (5+6) 6,514 (165 2,614 6,349 220 f900 8 Other Comprehens ive Income ('OCI') Items that will not be recla ssifi ed subsequently to profit or loss Remeasurement of defined benefit plan - gain 372 371 743 1,485 Income tax relating to above item (94 (93) (187) . 1374' Total OCI - gain for the period/ year (net of taxes) 278 278 . 556 . 1,111 9 Tota l Comp rehensive Incom e- gain for the period/ year (7+8) 6,792 113 2,614 6,905 220 211 10 Paid-up equity share capital (Face value - ~ 2 per share) (refer note 3) 1,218 1,218 1,218 1,218 1,218 1,218 11 Other equity 946,570 12 Earnings per equity share (of face value f 2 each) (not annualised except for 1he year end) (in f) Basic and Diluted• 10.69 (0.27) 4.29 10.42 0.36 (1.48) ' The effect of potential equity shares cannot be measured with reasonable certainty as number of stock options to be issued by the Company under the proposed Employee Stock Option Plan of the Company, to be implemented In due course to substitute the Employee Stock Option Plan of Raymond limited (the 'Demerged Company') pursuant to the scheme of demerger (refer note 3) cannot be currently determined.
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Raymon~ LIFESTYLE LIMITED B . m Additional disc;:losures as oer Reaulation 52141 of Securities and Exchanne Board of India 1Lls1inq ObliQa1ions and Disclo$ure Reaulremtnt$l R~a latlons 2015, e u a.$ amen e d d i Quarter ended Hatf Year ended Year ended Sr.No. Particulars. 30.09.2025 30.06.Z025 3M9.2024 30.09.2025 30,09.2024 31.03.2025 fUnilluditedl I Unaudited\ lunau dltedl tUnauditedl I Unaud ited\ I Audit ed I 1 Debt - Equity rauo {limes) 0.12 rrotal Debt/ Enulvl 0.10 0.11 0,12 0.11 0.10 2 Debt Sel'Vice Coverage catlo (Innes) (Earnings ~fore Mance costs. depreciation and amoolsat1011 expense, exceplrOnal items 1.05 0.59 0.80 1.31 0.92 1.49 and lax (EBITOA) / (Finance cos1s for the period/ yeaJ + Pl'inciJMI repayment of lonq:.1erm debt aoo lease Jiabilities within one year} - Not annualised' except to, the year end 3 Interest Servk:e Covefage ratio (limes) I lEBITDA J Finaoce costs) - NQt annualised &x04:lpt for the w,,ar end 4.16 2,39 4.28 3.29 3.06 2.71 4 Outstanding Redeem able Prefernnc:e Shares s Debenture redemplion reserve (f in lakhs) 6 Capltal fedemption reserve (f In lakhs) 7 Net worth (f ffl lakh$) 954,598 947,977 947,833 954.598 947,833 947,788 8 Net profiV (loss) after tax (f in lakhs} 6,514 (165) 2,614 6,349 220 (900) 9 Basie eamings per share (in f) • Nol ar\nu~i sed excepl for 1he yea, end 10.69 (0.27) 4.29 10.42 0.36 (1.48) 10 Diluted eamlngs per share (in f) - Not annuatlser:t except for lhe year end 10.69 (0,27) 4.29 10,42 0.36 (1.48) 11 Current ratio (limes) 1.6D 1.5a 1,46 1.60 U 6 1.56 Current assets I Curren! llaDillties) 12 Long-term debt to working capital (times) 0.19 0.21 0.24 0.19 0.24 0.22 l{Non--cu1Tent Borrowings+ Cuttent maturities of tollg-term t>ottowings) I Nel current assets exciuding curreni ma1urilies of tong-term borrowings ) 13 Bad debts le> .acc::ounts receivable ratio(%) IIGross 1>$d debts I Avera,ae uade receivab les) 0.04% 0.02% 0.13% 0.06% 0.02% 0.53% 14 Curren! 1iahil:ty ,atio (%) 69.96% 67.42% 73.29% 69.96% 73.29'4 67.2S% ltcurren1. liabilities I Total liabil llies) 15 Total debts to total asse1s ratiO (".to) 8.26% 7.12% 6.17% 8.26% 8.17% 7.20% lrtShort-term debl + Lona term debO, Total assetsl 16 Debtors Turnover (times) 7.05 6.68 5.96 6.20 4.98 6.39 lr,Revenue from ooerauons I Averaae trade receiva.ble}l • AnnuaJ!sea 17 Inventory Turnover (times) l(Cosl of Goods Sokl I Average lnvenlory}) • Annualised 2.34 1.75 2.15 2.04 2,,$9 1.94 (Cost of Goods sold z Cos1 of matetials consumed +Purchases or stock-111-tratle + Changes in ir'lve.nlories of finishecl goods, stoc::k-in-trade and work-ln-pr09 ress + Manufacturing and operating cos1) 18 Operating Margin (In %) 12.58% 6.63% 13,06°4 10.01% 9.52% 7.82% l1n:e1mA - Other inc::ome) I Revenue ftom OMrationsl 19 Net Profit Matgln (%) 4.47% (0.15%) 1.99% 2.48% 0,10¾ (0.19%) ltPro flt a!tc, tax J Revenue from OJ){lrations) (iii Disclosures as per Regulallon 54 of Securities and Exchange Board of India (Listing Ob11gations and Disclo sure Requirements ) Regulations , 2015 (as ,mended) Particulars ISIN Asset cover ralio (in t imes) As.At As At As.At As At 30.09.2025 30.06.2025 31.03.2025 30.09,2024 9.00% Serles 'P' Secured Listed Rated Redeemabkt Non-Conv ertib~ Debentures INE301A07060 2.84 2.90 2.97 4.33 7.60% Series 'Q' Se-cured Ustftd Rated Redeemable Non.convertible Debentures INE301A0707S 6.79 a) The follow ing cfefinilion has beeo considered for the purpose of compu1alion of Asset Cover RallO: (i) Asse1 cover raOo . Market value of sec:~1red assets I Value of Secured Listed Rated Redeemable Non-Cor,vertible Oebootures. (ti) Market value of secured assets: Marfc.et value of assets secured, M per the latest valua tlon report i:!isuect by value,, agaJnst the ou1s1.anding Sec:urea Listed Raled Redeemab le Non-Convertible DebenttJres (Adjus1ed for ,10,000 lakhs 1erm loan taken from Bank of Maharashtra on 27 Ma,ch 2025). (ill) Value of Seet1red Listed Rated Redeemable Non-ConveJ'lible Oebemures: OU1standlng value of the secured Listed Ra1ed ftedeemab5e Non-Convertible Debentures and coupon Interest accrued but not due on lhe Sec:ured Listed Ra1ed Redeemab le Non•Convertible Debentures. b) Asset oover ralio shall be at leas1 1.25 umes an<1 2.00 times of .secured asse1s as per the terms of Informatio n Memorand um and/or Debenture Trust Deed for 7.60% series •a • Secured Uste<I Rated Redeemable Non-Conv ertible Oeben101&s and 9.00% Series 'P' Secured Listed Rated Redeemable Non-Convert ible Debent ures, respectively . During the quarter ended 31 December 2024, 7.60% Serles ·a• Secured Listed Rated Redeemable Non.Convert ible Debentures were tuly redeemed. c) First Pati Pas.su charge oo lhe Movable & Immovable fixed assets (LMd, Buildirlg and Plant & Macilinery) with a se<-:urity cover of 2 times on reauz.able value (As per the la1es1 vaJu.a1ion report issued by valuer) of the assets of Vopi Plant at Gujarat and lhis shall b& maintaif'led during the entire tenure of the. 9.00% Series •p· Secured Lisle<! Rated Redeemable Non.Convertible Debentures . Flrst Parl Passu cha,ge on me Movabk!t & Immovab le fixed assels (Land, Buik1ing ar)d Plant & Machilery) of the Vapl planl of the Issuer to provide a security cover of at lea.st 1.25 limes the amount ou1stancling under the 7 .60% Series ' Q' Secured Usted Rated R.odeemable Non-Converti ble Debentures. The land $iluated at Vapi localion has been 1ransferrM from Raymond Limiled to Raymond Ute.style Llmi1ed p1,nsuan1 to the demerge r scheme; lhe name change process w as complele<J on 1 May 2025. The Compa ny has palel rna-xlmum s1amp duty for transfer of properties . AJso, Raymon<1 Limite(I had pledged ils bank deposits amounting to t 20,000 lakhs as security '"' u,ese NCOs. OO'Never such pledge was di.sconlilnuetl on 21 January 2025. ES ,· .. r,., <-,e 1\1 '(" '• • -· A'Nf-~- -
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Raymond Lifestyle Limited (Former ly known as Raymond Consumer Care Limited) C. Standalone Balance Sheet (l!' in lakhs, unless otherw ise stated) I ASSETS 1 Non-current assets (a) Property, plant and equipment (b) Capital work - in - progress (c) Investment properties (d) Intangible assets (e) Intangible assets under development (f) Financial assets (i) Investments in subsidiaries (ii) Other investments (iii) Loans (iv) Other financial assets (g) Deferred tax assets (net) (h) Current tax assets (net) (i) Other non - current assets 2 Current assets (a) Inventories (b) Financial assets (i) Investments (ii) Trade receivables (iii) Cash and cash equivalents (iv) Bank balances other than cash and cash equivalents (v) Loans (vi) Other financial assets (c) Other current assets TOT AL ASSETS II EQUITY AND LIABILITIES 1 Equity a) Equity share capital (refer note 3) b) Other equity 2 Liabilities Non-current liabilities (a) Financial liabilities (i) Borrowings (ii) Lease liabilities (b) Other non - current liabilities Current llabllltles (a) Financial liabilities (i) Borrowings (ii) Lease liabilities (iii) Trade payables Total outstanding dues of micro enterprises and small enterprises; and Total outstanding dues of creditors other than micro enterprises and small enterprises (iv) Other financial liabilities (b) Other current liabilities (c) Provisions TOTAL EQUITY AND LIABILITIES As at 30 September 2025 (Unaudited) 185,838 4,228 165 462,518 4,164 118,145 1,590 - 12,194 112,602 3,819 3,105 908,368 146,245 100,974 99,942 12,313 3,249 6,875 6,499 50,606 426,703 1,335,071 1,218 953 ,380 954,598 28,111 85,748 431 114,290 82,005 13,694 12,452 111,968 33,557 8,129 4,378 266,183 1,335,071 As at 31 March 2025 (Audited) 189, 694 3,843 169 462,536 3,464 118,145 14,257 5,625 11,667 115,049 3,091 3,185 930,725 136,421 81 .294 65,398 24,435 12,694 7,5 00 4,316 40,579 372,637 1,303,362 1,218 946 ,570 947,788 27,952 87,936 448 116,336 65,945 12,963 10,412 102,340 33,664 9,857 4,057 239,238 1,303 ,362
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Raymond Lifestyle Limited (Former ly known as Raymond Consumer Care Limited) D. Standal one Statement of Cash Flows (f in lakhs, unless otherwise stated) Half year ended Half year ended Particulars 30 September 2025 30 September 2024 /Unaudited I (Unaudited \ CASH FLOW FROM OPERATING ACTIVITIES: Profit before tax 8,609 295 8,609 295 Adjustments for non-cash transactions and Items considered separately: Depreciation and amortisation expenses 14,755 11,868 Finance costs 10,388 8,799 Net unrealised (gain)/loss on foreign currency translation (263) 156 Interest income on deposits and interest income under the EIR method (3,064) (3,513) Gain on remeasurement of lease liabilities (914) (200) Net (gain) on sale / fair valuation of investments designated at FVTPL (2,622) (785) Apportioned income from government grants (62) (84) Loss allowance (net) 300 5 Provision towards slow moving and non moving inventory 1,684 1,618 Loss on disposal of property, plant and equipment (net) - 135 (Reversal)/ expenses on share based payments (93) 879 Operating profit before working capital changes 28,718 19,173 Change in working capital: Trade and other receivables (48,611) (21,320) Inventories (11,509) (2,008) Trade and other payables and provisions 11,241 (11,832 Cash (used in) operating activities before taxes (20,161) (15,986) Income taxes paid (net of refunds} (728 (17,376] Net cash (used in) operating activities (20,889) (33,362) CASH FLOW FROM INVESTING ACTIVITIES : Purchase of property , plant and equipmenU intangible assets (including adjustment for capital WIP, intangible assets under development , capital advance and creditors for capital goods } (5,581) (7,253) Interest received 3,064 3,044 Proceeds from sale of non-current investments 12,668 - (Acquisition of)/ sale of current investments (net) (17,057) 38,618 Redemption of short term deposits with banks (net) 10,699 2,486 Loans repaid by subsidiaries 6,250 625 Loans given to subsid iaries - (8,000) Net cash generated from investing activities 10,043 29,520 CASH FLOW FROM FINANCING ACTIVITIES : Repayment of long term borrowings (1,000) - Proceeds from short term borrowings (net) 17,219 40,068 Payment of lease liabilities (Principal) (7,165) {5,560) Payment of interest on lease liabilities (4,334) (3,220) Payment of interest and other finance cost (6,054' (4,237: Net cash (used in)/ generated from financing activities (1,334) 27,051 NET (DECREASE)/ INCREASE IN CASH AND CASH EQUIVALENTS (12,180) 23,209 Cash and cash equivalents at beginning of the period 24,325 4,384 Cash and cash equivalents at end of the period 12,145 27,592 Cash and cash equivalents as per above comprises of the followi ng: Balances with bank in current account 12,313 27.598 Bank overdraft 1168' 16' Balances as per statement of cash flows 12,145 27,592 Notes: 1 The statement of cash flows has been prepared under the indirect method as set out in Ind AS 7 "Statement of Cash flows". 2 There are no restricted balances in cash and cash eauivalents
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2 Notes (A to D): These standalone unaudited financial results (the 'Statement') have been prepared In accordance with the recognition and measurement principles laid down under Indian Accounting Staridard 34, Interim Financial Reporting ('Ind AS 34'), presctlbed under section 133 of the Compan,es Act, 2013 (the 'Act') and other accounting principles generally accepted in India and is in compliance with the presentaUon and disclosure requirements of Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (Listing ObllgaUons and Disclosure Requirements) Regulations, 2015 (as amended) ('Listing Regulations'). Exceotlonal items: (~ in lakhs unless otherwise stated I Particulars Quarter ended Half vear ended Year ended 30.09.2025 30.06.2025 30.09.2024 30.09.2025 30.09.2024 31.03.2025 •unaudltedl /Unauditodl /Unaudited! /Unauditedl IUnaudltodl (Audited! Continuing operations VRS payments (textile) (172) (220) (456) Stamo dutv on demeraer (unallocableJ (468) (5,772} (4681 cs.n2 t5,n2 Exceottonal items • floss\ t468 159441 t468I (5,992] (6 228 3 During the quarter ended 30 June 2023, lhe Board ot Directors of the Corrc,any at ,ts meeting held on 27 April 2023 had approved the Composite Scheme of Arrangement for the deme<ger of the Ufestyle business undertaking of Raymond Limited ('Demerged Company') Into Raymond Lifestyle Limited (formerly known as Raymond Consume< Care Limited) (the 'Company') on a going concern basis. The appointed date proposed under this scheme was 01 April 2023. The Co"l)any had received requlslte approval from National Company Law Tribunal ('NCLT') vlde its order dated 21 June 2024. Respective companies had filed the certified true copy or NCLT order along wllh the sanctioned scheme with the Registrar of Corfl)anies on 30 June 2024. Accordingly, the scheme was effective w.e.f. 30 June 2024. The accounting of lhis scheme in lhe books of lhe Co"'9any was done in accordance with Ind AS 103 'Business Combinations' ('Ind AS 103') es on the appointed date. As per Ind AS 103, purchase consideration was allocated on the basis of fair valuation determined by an independent valuer. As a consideration for the demerger, the Corrc,any was required to ossue Its equity shares to the sharehOlders of Raymond Limited as on record date In 4:5 swap ratio (I.e .. four shares of~ 2 each had to be issued by the Company for every five shares of~ 10 each held by the shareholders ,n Raymond Limited). Accordingly, the Corfl)any had allotted 53,258,984 equity shares having face value of~ 2 each to the shareholders of Raymond Limited on 11 July 2024. These equity shares were subsequenUy listed on BSE Limited ('BSE') and the National Stock Exchange of India Limited ('NSE') on 05 September 2024. 4 The Statement has been reviewed and recommended by the Audit Committee and approved by the Board of Directors at their respective meetings held on 28 October 2025 and 29 October 2025, respectively. There are no qualifications in the review report issued fOf the quarter and ha.If year ended 30 Septerrber 2025. 5 In accordance with Ind AS 108 'Operating Segments', lhe Coffi)any has opted to presenl si,gment info1rnation along wilh the consolidated financial results of the group. 6 Figures of previous quarter/ year have been re-grouped. redassified and rearranged, wherever necessary, to conform to current period's presentation, which are not considered matenaw.o this State<nent. Mumbai 29 October, 2025 d Gauta an Slnghanla Executive Chairman •·. ••
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PRESS RELEASE Corporate office: JEKEGRAM Pokhran Road No. 1, Thane (West) - 400 606, Maharashtra, India. October 29, 2025 Raymond Lifestyle Limited Delivers a Healthy Quarterly Performance, Driven by Strong Domestic Consumption Mumbai, 29th October 2025: Raymond Lifestyle Limited today announced its unaudited financial results for the quarter ended 30th September 2025. Particulars (₹ Cr.) Q2 FY26 Q1 FY26 Q2 FY25 YoY H1 FY26 H1 FY25 YoY Total Income 1,865 1,475 1,735 8% 3,340 2,985 12% EBITDA 259 122 242 7% 381 331 15% EBITDA Margin % 13.9% 8.2% 13.9% 11.4% 11.1% PBT (before exceptional items) 108 (25) 112 83 80 3% PBT Margin (before exceptional items) 5.8% (1.7%) 6.5% 2.5% 2.7% Raymond Lifestyle Limited has delivered a good Q2 performance, with a Y-o-Y growth of 8% and a Total Income of ₹ 1,865 Cr. This strong result was primarily fuelled by an acceleration in domestic demand and consumption across India, which translated into significant volume growth within our core Branded Textile & Branded Apparel segments. Our EBITDA of ₹259 crore, at a margin of 13.9%, was achieved despite consciously increasing advertising expenditure, a calibrated investment to strengthen long- term brand equity and consumer engagement. This growth in EBITDA reflects not only the higher sales volume generated by the resilient Indian consumer but also the benefit of an improved product mix, scale benefit and better operating leverage combined with selective pruning of under-performing stores. We are successfully capitalizing on the buoyant consumer sentiment in the home market. However, the growth in Domestic consumption and our sales was partly offsetted, as our international business, particularly the garmenting and B2B export segments, faced considerable headwinds. The imposition of steep US tariffs significantly impacted our global competitiveness, leading to order deferrals and margin pressure from key overseas buyers. Despite this external challenge, the powerful rebound in domestic consumption fully cushioned the impact, allowing us to post positive overall growth. Commenting on the performance, Gautam Hari Singhania, Executive Chairman of Raymond Lifestyle Limited said; “Our quarterly performance reflects encouraging momentum driven by a strong domestic demand across core lifestyle categories. Even as we navigate global macroeconomic headwinds, we remain focused on agility and strategic foresight—closely tracking opportunities from the UK-India Free Trade Agreement and potential risks from US tariff changes. This disciplined approach ensures we continue creating enduring value for all stakeholders.” Key Highlights • Total Income at ₹ 1,865 Cr in Q2 FY26 vs. ₹ 1,735 Cr in Q2 FY25, 8% Y-o-Y growth • EBITDA at ₹ 259 Cr in Q2 FY26 vs. ₹ 242 Cr in Q2 FY25, 7% Y-o-Y growth • EBITDA Margin at 13.9% in Q2 FY26 vs 13.9% in Q2 FY25 • Performance driven by strong volume growth in Domestic Markets
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PRESS RELEASE Corporate office: JEKEGRAM Pokhran Road No. 1, Thane (West) - 400 606, Maharashtra, India. Q2 FY26 Segmental Performance (Post IND AS 116) Branded Textile segment revenue grew by 10% to ₹ 937 Cr in Q2 FY26 vs ₹ 854 Cr in Q2 FY25 mainly on account of robust volume growth, higher wedding dates and increased consumer awareness as compared to the previous year. EBITDA grew by 16% to ₹ 188 Cr in Q2 FY26 as compared to ₹ 161 Cr in Q2FY25, with EBITDA margin of 20.0% in Q2 FY26 vs 18.9% in Q2 FY25 on account of improved product mix and strong volume growth. Branded Apparel segment revenue stood at ₹ 491 Cr in Q2 FY26 as compared to ₹ 441 Cr in the same quarter last year, reflecting a growth of 11% Y-o-Y. The growth was witnessed across all brands and key channels such as LFS, EBO’s, MBO’s and online. The segment reported an EBITDA of ₹ 25 Cr in Q2 FY26 as compared to ₹ 57 Cr in Q2FY25 with an EBITDA margin of 5.2% in Q2 FY26 vs 13.0% in Q2 FY25, on account of increased marketing spends and lower sales achieved in new stores which were opened in the last 12 months. As on September 30, 2025, our store count was 1,663 stores vs. 1,592 stores on September 30, 2024. The recently opened stores are expected to take some more time to reach full maturity. Our ongoing drive for optimization of our retail network continues, to ensure our retail footprint is precisely aligned with our long- term growth and profitability objectives. Garmenting segment reported revenue at ₹ 269 Cr in Q2 FY26 as compared to ₹ 260 Cr in the same quarter previous year, reflecting a growth of 4% Y-o-Y, despite continued uncertainty on account of US Tariffs Announcements. EBITDA margin for the quarter was 5.4% in Q2 FY26 vs 9.6% in Q2 FY25, impacted on account of US Tariffs and scale deleverage. High Value Cotton Shirting segment reported revenue of ₹ 212 Cr in Q2 FY26 as compared to ₹228 Cr in Q2 FY25, a (7%) Y-o-Y de-growth on account of subdued demand. The segment reported an EBITDA of ₹ 25 Cr in Q2 FY26 as compared to ₹22 Cr in Q2 FY25, with an EBITDA margin of 11.8% in Q2 FY26 vs 9.7% in Q2 FY25. This growth was predominantly on account of improved product mix. Raymond Lifestyle Limited has a net-debt position of ₹ 246 Cr in Q2 FY26, as we are building the inventory for the upcoming festive and wedding season. About Raymond Lifestyle Limited: Raymond Lifestyle Limited is India's largest integrated manufacturer of worsted suiting and high value shirting fabrics, offering comprehensive products across fabric, apparel and garmenting. With legacy spanning over a century, the name Raymond is synonymous with quality, innovation, and market leadership. The company's diverse portfolio includes some of the most iconic brands in the industry, such as 'Park Avenue', 'ColorPlus', 'Parx', 'Raymond Made to Measure', 'Raymond Ready to Wear', 'Sleepz by Raymond' and 'Ethnix by Raymond' amongst others. With one of the largest retail networks in India, Raymond has over 1,650 exclusive stores across 600 cities and towns. In the B2B segment, Raymond has carved a niche for itself through its garmenting offerings to international labels for menswear. Having enjoyed the patronage of over a billion consumers, Raymond as a brand has been consistently delivering world class quality products to its consumers for 100 years. Disclaimer: Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like regulatory changes, local political or economic developments, technological risks, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward-looking statements. Raymond Realty Limited will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances. For further information, please contact: Rohit Khanna Corporate Communications Raymond Lifestyle Limited Tel: 022 6152 7624 Email: Rohit.khanna@raymond.in