Slides
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July 31, 2026 RESULTS PRESENTATION Q1FY27
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Table of Contents 03 04 01 02 05 2 Macro Outlook & Business Overview 3-7 Highlights 8-12 ESG & Way Forward 20-22 Financial Performance 13-19 Leadership Team 26-28
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MACRO OUTLOOK & BUSINESS OVERVIEW
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4 Macro Outlook Geopolitical & Currency Impact • The collapse of US-Iran peace talks has driven Brent crude back to $100/bbl • Rising oil costs and anticipated Fed rate hikes are pushing the rupee toward a record low Environmental & Commodity • El Niño continues to pose a threat of record- breaking heat and a potentially subpar monsoon season • Wool prices are climbing steadily, driven by persistent demand for both high-volume and high-quality supply • Cotton prices are climbing due to poor Indian crop and high global demand Economy & Inflation • The RBI has lowered the FY27 growth outlook to 6.6% (30 bps cut) due to global headwinds, high energy prices, and geopolitical tensions • CPI inflation projection for FY27 has been revised to 5.1% (up from 4.6%) amid persistent economic pressures
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5 Strategic Objectives VALUE CREATION BRAND LEADERSHIP PREMIUMIZATION MARKET LEADERSHIPCASUALIZATION ESGOMNICHANNEL OUR FOCUS Consistent Profitable Growth Margin Expansion STRATEGIC OUTCOMES OPERATIONAL EXCELLENCE RETAIL EXCELLENCE DIGITAL & CONSUMER Strong Cash Flows Long-term Shareholder Value Creation • Strengthen core brands • Build brand equity • Invest in marketing • Disciplined store expansion • Improve store productivity • Grow omnichannel • Supply chain optimization • Lean & efficient operations • Cost and productivity focus • Data-led consumer insights • Digital engagement • Technology-driven growth OUR FOUNDATION Strong Heritage Brands | Consumer Trust | Manufacturing Excellence | Extensive Distribution Network | Robust Governance KEY ENABLERS Store Expansion Supply Chain Efficiency Talent & Culture Global Growth
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• Fabric Mix Upshift Transitioning towards high-value Wool, Poly- wool blends, and pure Linen • Launching Premium Products Accelerating premium product introductions across collections • Casualization Expansion Accelerated growth in core casual brands ColorPlus & Parx; increasing casual mix within formal brands Park Avenue & Raymond RTW • TRS FOFO Dominance – Sustaining > 90% share in FOFO model • 1,600 + Stores: Active network optimization toward high-yielding premium retail locations 6 Value Drivers Category Dominance Asset Light & Retail Strength Premiumization & Casualization Fortified Balance SheetEfficiency & Profitability Strategic Growth Levers • ~65% Worsted Suiting fabric share & OTC Shirting leadership • Pricing Power: Wedding/celebration wear driving strong EBITDA margins >18%. • Fully vertically integrated business model • Manufacturing Excellence: First Time Right (FTR) > 95%, Capacity Utilization > 90% • FY26 Performance: 23% EBITDA growth (₹804 Cr) and a massive 63% surge in PBT • FY27 Target: Double digit top line & higher double digit EBITDA growth • Working Capital: NWC cycle reduced from 87 to 77 days in FY26 • Sustained Net-Debt Free entity status • Disciplined working capital management yielding robust Free Cash Flow • FY27 Roadmap: Focused on Premiumization, Casualization & Geographical Diversification • International Growth: Expanding into EU & UK markets via trade agreements (FTAs)
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Emerging Business 7 Our Business Portfolio Branded Textiles Premium Suiting & Shirting fabrics. Branded Apparel Garmenting Serving marquee brands across the US, UK & Europe through a scalable B2B export platform. Leveraging a vertically integrated model from "fabric-to-garment“. High Value Cotton Shirting Maintaining market leadership through end- to-end integrated manufacturing. Supply premium cotton & linen shirting fabrics for domestic & global markets. Segment Reclassification Note:Emerging Business (New Segment):Comprises Raymond Home (reclassified from Branded Textiles), Ethnix by Raymond and Park Avenue Inner Wear(reclassified from Branded Apparel), Sexual Wellness (reclassified from Others) and the newly launched Chairman’s Collection
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HIGHLIGHTS
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9 Q1FY27 - Performance Snapshot Note: Data as of Jun ’26 FINANCIAL PERFORMANCE TOTAL INCOME EBITDA PBT Q1FY27 YoY Margin 8.6% 6% 11.0%₹ 1,560 Cr. ₹ 135 Cr. YoY YoY (55%)(₹ 38 Cr.) Margin (2.5%) OPERATING HIGHLIGHTS STORE COUNT Strong international growth alongside domestic premiumization continues to fuel solid performance ₹ 154 Cr. NET CASH 1,675 48 1,653 26 YoY JUN ’26 QoQ 1,627 (₹ Cr.)
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(25) (38) (1.7%) (2.5%) ( 3. 0% ) ( 2. 5% ) ( 2. 0% ) ( 1. 5% ) ( 1. 0% ) ( 0. 5% ) 0. 0% ( 45) ( 40) ( 35) ( 30) ( 25) ( 20) ( 15) ( 10) ( 5) 0 Q1 FY26 Q1 FY27 122 135 8.2% 8.6% 8. 0% 8. 1% 8. 2% 8. 3% 8. 4% 8. 5% 8. 6% 8. 7% 115 120 125 130 135 140 Q1 FY26 Q1 FY27 1,475 1,560 Q1 FY26 Q1 FY27 Y-o-Y Growth - 11% 10 Q1FY27 Performance Trends TOTAL INCOME EBITDA & MARGINS (%) PBT & MARGINS (%) (₹ Cr.) (₹ Cr.) (₹ Cr.) Y-o-Y Growth - 6% • Total Income growth of 6% Y-o-Y was on account of: o Strong performance by the garmenting segment, driven by order book execution, following the US-India Tariff rationalisation & onboarding of new global clients o Successful premiumization across Branded Textile and Apparel, driving higher ASPs o Overall expansion was moderated by previous year’s base effect • Margin Expanded to 8.6%, improved by 40bps despite significant increase in raw material prices & freight costs • Robust cash flow with net cash position improved to ₹ 154 Cr in June’26 from (₹ 55) Cr in June’25 • Network Optimization: 133 underperforming stores exited; strategic expansion with 85 new locations, net closures of 48 stores since Jun’25
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1,4411,578 Jun'26Jun'25 No. of Days 11 Q1FY27 Performance Highlights • NWC improved by 15 days, stood at 75 days in Jun’26 v/s 90 days in Jun’25, mainly due to better collections and inventory management Net Working Capital* * NWC Days calculated based on Trailing Twelve Month Revenue (₹ Cr.) 90 75
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12 Unrivalled Presence & Distribution Depth – 40+ Countries Exported to 43 International Stores Retail Stores 1600+ 11 Manufacturing Facilities 600+ Cities & Town 23,000+ Employees (D+I)* Note: (D+I)*- Direct & Indirect ustralian ureau of ta s cs, eo ames, icroso , avinfo, pen laces, pen treet ap, verture aps unda on, om om, enrin owered by ing Europe North America IndiaMiddle East Asia Ethiopia South America Delhi/ NCR Jaipur Mumbai Bengaluru Pune Chennai Jammu Kolkata Nagpur Hyderabad Manufacturing Capacity • Vapi, Chindwara, Jalgaon (43 Mn sq. meters fabric) • Amravati & Kolhapur (23 Mn sq. meters fabric) Massive Footprint across 600+ Towns/Cities • 1,112 TRS Outlets: The flagship Raymond Shop footprint nationwide • 463 EBOs: Exclusive stores for Raymond Ready to Wear (RRTW), Park Avenue, ColorPlus & Ethnix • 20,000+ Trade Points: Deepest wholesale distribution network in Indian apparel • 12.4 Million Loyalty Members: High-value active CRM engine driving repeat purchases
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FINANCIAL PERFORMANCE
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Particulars (₹ Cr.) Q1 FY27 Q1 FY26 YoY Total Income 1,560 1,475 6% Expenses 1,426 1,353 EBITDA 135 122 11% EBITDA Margin % 8.6% 8.2% Depreciation 109 89 Interest Expense 63 57 PBT (38) (25) (55%) PBT margin % (2.5%) (1.7%) Taxes 16 5 Net Profit (23) (20) (14%) Exceptional Items 0 0 Net Profit Post Exception (23) (20) (14%) 14 Q1FY27 - P&L Statement Consolidated Performance
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15 Quarterly Segment Performance Branded Textile Branded Apparel (₹ Cr.) (₹ Cr.) REVENUE Impacted due to a strong base effect from the previous year EBITDA Unfavorable sales mix shifts and elevated raw material costs constrained margin expansion REVENUE Continued to enhance portfolio with Premiumization and Casualization strategy, while, growth was witnessed across key channels such as LFS & E-commerce EBITDA Impacted due to adverse channel mix, partially mitigated by reduced markdowns & retail network optimization (34 net EBO closures, down 9% Y-o-Y) Particulars (₹ Cr.) Q1 FY27 Q1 FY26 YoY Revenue 684 699 (2%) EBITDA 95 107 (11%) EBITDA margin 13.9% 15.3% Particulars (₹ Cr.) Q1 FY27 Q1 FY26 YoY Revenue 349 335 4% EBITDA 18 26 (33%) EBITDA margin 5.1% 7.8% Segment Reclassification Note:Emerging Business (New Segment):Comprises Raymond Home (reclassified from Branded Textiles), Ethnix by Raymond and Park Avenue Inner Wear(reclassified from Branded Apparel), Sexual Wellness (reclassified from Others) and the newly launched Chairman’s Collection
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16 Quarterly Segment Performance Garmenting High Value Cotton Shirting (₹ Cr.)(₹ Cr.) REVENUE Strong order book execution, following the US-India Tariff rationalization & onboarding of new global clients EBITDA Increased on account of higher sales REVENUE Lower due to strong base effect from the previous year EBITDA Remained resilient due to an improved product mix Particulars (₹ Cr.) Q1 FY27 Q1 FY26 YoY Revenue 296 197 50% EBITDA 22 (8) EBITDA margin 7.3% (4.1%) Particulars (₹ Cr.) Q1 FY27 Q1 FY26 YoY Revenue 195 205 (5%) EBITDA 19 19 1% EBITDA margin 9.7% 9.1% Segment Reclassification Note:Emerging Business (New Segment):Comprises Raymond Home (reclassified from Branded Textiles), Ethnix by Raymond and Park Avenue Inner Wear(reclassified from Branded Apparel), Sexual Wellness (reclassified from Others) and the newly launched Chairman’s Collection
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REVENUE Ethnix - Optimized retail footprint by net 29 stores since June’25 to prioritize high-margin, aspirational locations over store count Home – Delivered strong double digit growth & launched a super-premium line IW – Growth was witnessed across all captive channels such as TRSs, EBOs, E-commerce & LFS 17 Quarterly Segment Performance Emerging Businesses# (₹ Cr.) EBITDA These emerging businesses continue to be in investment mode Particulars (₹ Cr.) Q1 FY27 Q1 FY26 YoY Revenue 79 73 9% EBITDA (19) (13) EBITDA margin (23.7%) (17.8%) Segment Reclassification Note:Emerging Business (New Segment):Comprises Raymond Home (reclassified from Branded Textiles), Ethnix by Raymond and Park Avenue Inner Wear(reclassified from Branded Apparel), Sexual Wellness (reclassified from Others) and the newly launched Chairman’s Collection
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18 Exclusive Retail Network 1,675 1,653 1,627 Total Stores Retail network evolution with focus on opening premium stores, stores rationalisation and focus on premium locations Premium Formal Wear Wedding & Ceremonial Wear Luxury & Ultra Luxury Premium Formal Brands Casual Brands Exclusive Outlets & Brands 1,112 1,106 1,105 52 49 54 463 495 516 Jun'26 Mar'26 Jun'25 TRS MTM EBO
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19 Q1FY27 Performance “Building on our solid foundation from FY26, Q1 FY27 has delivered steady performance marked by strong international traction and sustained domestic demand. Our Garmenting business achieved an exceptional 50%+ growth, demonstrating the strategic advantages of global trade tailwinds like the US-India Tariff rationalization and upcoming FTAs with the UK and EU. While short-term macroeconomic pressures and elevated raw material costs have weighed on overall margins, our resilient product mix, debt-free balance sheet, and strong net-cash position of ₹154 Cr give us immense operational flexibility. As we navigate the year ahead, we remain focused on strengthening our brands, innovating on our premium and casual offerings, driving retail maturity, and executing our long-term ESG and digital priorities to create sustainable stakeholder value” SATYAKI GHOSH Whole time Director & Chief Executive Officer
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21 ESG Target 2030 & Key Priorities 15% Reduction in Scope 1 & 2 GHG emissions <15% Employee Turnover Rate Zero Waste to Landfill by 2030 40%# Female Representation Zero* Liquid Discharge (ZLD) by 2030 100%^ Independent Directors on all Board Committees Fatalities in Workplace Safety Zero Renewable Energy Usage 25% Accelerate decarbonization and resource efficiency Nurture talent, diversity & well-being Enhance governance and risk management KEY PRIORITIES ESG TARGETS Note: Data as per the Business Responsibility and Sustainability Report (BRSR) for FY 2025-26; Baseline - FY2024-25 * At Chhindwara # Across employees & workers ^ Governance commitment
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22 Aligned to UN SDGs Key Achievements in FY26 Reduction in Scope 1 & 2 Energy consumption from renewable sources Increase in Liquid Discharge 3.7% 11.26% 24.26% Reduction in waste to landfill 73.54% On track towards improving female representation 37.22% 15% 25% Zero Zero 40% Achieved Remaining ESG Target 2030 Note: Baseline - FY2024-25
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WAY FORWARD
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24 FY27 - Strategic Way Forward Casualization GTM Expansion Premiumization Geography Diversification Holistic Marketing Campaigns Premiumization across all 3 segments (Branded Textile, Branded Apparel & Garmenting) by shifting the product mix toward Wool & Linen. Capitalize on the industry shift for Branded Textile towards relaxed, comfortable, and versatile wearability. Branded Apparel launches in Smart Casuals: Polos, Chinos, T- shirts, Corduroy & Denim. Leverage innovations such as Airshield, Flex Tech & Techno Clean. Expand distribution for Branded Textile & Apparel via MBO & LFS counters. Leverage vertical integration and UK FTA, target higher share of business in EU & de-risk geographical concentration for Garmenting. Sharper brand positioning, differentiated communication, prudent media selection & last mile activities to drive awareness & footfall in Branded Textile & Apparel.
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25 Garment Exchange Program (GEP) 2026 Refresh Your Style With Perfect Tailoring
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LEADERSHIP TEAM
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27 Strong Governance with High Pedigree Board Members K. NARASIMHA MURTHY Independent Director ANISHA MOTWANI Independent Director VINEET NAYAR Independent Director DINESH LAL Independent Director GIRISH C. CHATURVEDI Independent Director RAJIV SHARMA Independent Director SATYAKI GHOSH Wholetime Director & CEO GAUTAM HARI SINGHANIA Executive Chairman
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28 Led by Experienced Management Team MANISH BHARATI Chief Business Officer (Garmenting & IB) ANUPAM DIKSHIT Chief Business Officer (Shirting) VIPUL MATHUR Chief Business Officer (Home & Ethnix) NEERAJ NAGPAL Chief Business Officer (Apparel, MTM & TRS) DEBDEEP SINHA Chief Business Officer (Sleepz & IW) VIKRAM MAHALDAR Chief Business Officer (Suiting) MLN PATNAIK Chief HR Officer KALPANA SINGH Chief Marketing Officer SATYAKI GHOSH Wholetime Director & CEO E C PRASAD Chief Financial Officer
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29 The particulars of this presentation contain statements related but not limited to revenues, financial results and supplemental financial information which has been compiled by the management, not to be construed as being provided under any legal or regulatory requirement and are not intended to invite any investment in the Company. The information contained in this presentation has not been subjected to review by Auditors or the Board of Directors of the Company. Commentary in the presentation describes the reporting quarter’s performance versus the same quarter of the corresponding previous year, unless specified otherwise. The figures for the previous periods in this presentation have been regrouped/ reclassified, wherever necessary. The Company assumes no responsibility and does not provide any warranty to the accuracy or comprehensivenessof the information contained in this presentation. This presentation is not intended to be a “prospectus” (as defined under the Companies Act, 2013), SEBI Regulations and relevant provisions of applicable laws. This presentation is for information purposes only and does not constitute or form part of and should not be considered as any offer for sale or subscription of or solicitation or invitation of any offer to buy or subscription of securities in any manner. No part of this presentation and the information contained herein should form the basis of, or be relied upon, in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. Statements in this presentation describing the Company’s objectives, projections, estimates, expectations or predictions may constitute “forward looking statements”. Such statements are based on the current expectations and certain assumptions of the Company's Management, and are, therefore, subject to risks and uncertainties. Actual results may differ materially from those expressed or implied. The Company neither intends, nor assumes any obligation to amend, modify, revise or update these forward-looking statements, on the basis of any subsequent developments which differ from those anticipated. Disclaimer
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Thank You REACH US : RLL. IR@Raymond. in