Interim report
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(Formerly known as Raymond Consumer Care Limited) Corporate Office JEKEGRAM Pokhran Road No. 1, Thane (West) - 400 606, Maharashtra, India. Phone: +91 2261527000 Website: www.raymondlifestyle.com Registered Office Plot G-35 and G-36, MIDC Waluj, Taluka Gangapur, Chhatrapati Sambhajinagar - 431 136, Maharashtra, India. CIN No: L74999MH2018PLC316288 Head Office New Hind House, Narottam Morarjee Marg, Ballard Estate, Mumbai – 400 001, Maharashtra, India. Phone: +91 2240349999 RLL/SE/26-27/45 October 28, 2026 To The Department of Corporate Services - CRD BSE Limited P.J. Towers, Dalal Street Mumbai - 400 001 Scrip Code: 544240 The National Stock Exchange of India Limited Exchange Plaza, 5th Floor Bandra-Kurla Complex Bandra (East), Mumbai - 400 051 Symbol: RAYMONDLSL Dear Sir/Madam, 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 28, 2026, has inter alia considered and approved the Unaudited Financial Results (Standalone and Consolidated) of the Co mpany for the Second Quarter and Half year ended September 30, 2026. The Meeting commenced at 03:15 p.m. and concluded at 05.50 p.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, 2026; 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, 2026. Please take the above information on record. Thanking you. Yours faithfully, For Raymond Lifestyle Limited Priti Alkari Company Secretary Encl.: A/a Raymon~ LIFESTYLE LIMITED
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Walker Chandiok &..Co LLP Walker Chandiok & Co LLP 42nd Floor, Building Commerz Ill, International Business Park, Oberoi Garden City, Off Western Express Highway, Goregaon (East), Mumbai - 400063 T +91 22 6626 2699 Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Financial 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 unaudited consolidated financial results (the 'Statement') of Raymond Lifestyle Limited (the 'Holding Company') and its subsidiaries (the Holding Company and its subsidiaries together referred to as the 'Group') (refer Annexure-1 for the list of subsidiaries included in the Statement) for the quarter ended 30 September 2026 and the consolidated year to date results for the period 1 April 2026 to 30 September 2026, being submitted by the Holding 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. This Statement, which is the responsibility of the Holding Company's management and approved by the Holding 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. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the Listing Regulations, to the extent applicable. 4. Based on our review conducted and procedures performed as stated in paragraph 3 above, and upon consideration of the review reports of the other auditors referred to in paragraph 5 below, 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. Chartered Accountants Offices in Ahmedabad, Bengaluru, Bhubaneswar, Chandigarh, Chennai, Dehradun, Goa, Gun.igram, Guwahati, Hyderabad, Indor e, Jaip ur, Koch i, Kolkata, Mumbai , New Delhi, Naida and Pune Walker Chandiok & Co LLP is registered with limited liability with identification number AAC-2085 and has its registered office at L-41, Connaught Circus, Outer Circle, New Delhi, 110001, India
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Raymond Lifestyle Limited Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Financial Results of the Company pursuant to Regulation 33 and Regulation 52 read with Regulation 63 of the Listing Regulations 5. We did not review the interim financial results/ consolidated financial results of four subsidiaries included in the Statement, whose interim financial results/ consolidated financial results reflects total assets of t189,887 lakhs as at 30 September 2026, and total revenues of t60,504 lakhs and t114, 134 lakhs, net profit after tax of t1 ,957 lakhs and t3,583 lakhs, total comprehensive income - gain of t1 ,605 lakhs and t2,679 lakhs, for the quarter and six-months period ended 30 September 2026, respectively, and net cash inflows of t1 ,034 lakhs for the six-months period ended 30 September 2026, as considered in the Statement. Such interim financial results/ consolidated financial results have been reviewed by other auditors whose review reports have been furnished to us by the Holding Company's management, and our conclusion in so far as it relates to the amounts and disclosures included in respect of these subsidiaries is, based solely on the review reports of such other auditors, and the procedures performed by us as stated in paragraph 3 above. Our conclusion is not modified in respect of this matter with respect to our reliance on the work done by and the reports of the other auditors. 6. The Statement also includes the interim financial results of two subsidiaries, which have not been reviewed by their auditors, and whose interim financial results reflect total assets of t852 lakhs as at 30 September 2026, and total revenues of tNil and tNil , net profit after tax of t15 lakhs and t31 lakhs, total comprehensive income - gain of t15 lakhs and t31 lakhs for the quarter and six-months period ended 30 September 2026, respectively, and net cash inflows of t55 lakhs for the six-months period ended 30 September 2026, as considered in the Statement. Our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, are based solely on such unreviewed interim financial results. According to the information and explanations given to us by the Holding Company's management, such interim financial results are not material to the Group. Our conclusion is not modified in respect of this matter with respect to our reliance on the interim financial results certified by the Board of Directors. For Walker Chandiok & Co LLP Chartered Accountants Firm Registration No: 001076N/N500013 Bharat Shetty Partner Membership No. 106815 UDIN: 26106815ADKKZR3778 Place: Mumbai Date: 28 October 2026 Chartered Accountants Offices in Ahmedabad, Bengaluru, Bhubaneswar, Chandigarh, Chennai, Dehradun, Goa, Gurugram, Guwahati, Hyderabad, Indore, Jaipur, Kod'li, Kolkata, Mumbai, New Delhi, Noida and Pune Walker Chandiok & Co LLP is registered with limited liability with identification number AAC-2085 and has its registered office at L-41, Connaught Circus, Outer Circle, New Delhi, 110001, India
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Raymond Lifestyle Limited Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Financial Results of the Company pursuant to Regulation 33 and Regulation 52 read with Regulation 63 of the Listing Regulations Annexure-1 List of entities included in the Statement (in addition to the Holding Company) Subsidiary companies • Raymond Luxury Cottons Limited • Silver Spark Apparel Limited ► R&A Logistics Inc. ► Silverspark Middle East FZE ► Silver Spark Apparel Ethiopia PLC ► Raymond America Apparel Inc. • Jaykayorg S.A. • Celebrations Apparel Limited • Raymond (Europe) Limited • Ray Global Consumer Products Limited Chartered Accountants Offices in Ahmedabad, Bengaluru, Bhubaneswar, Chandigarh, Chennai, Oehradun, Goa, Gurugram, Guwahati, Hyd erabad, Indore , Jaipur, Kochi, Kolkata , Mumbai , New Delhi, Naida and Pune Walker Chandiok & Co LLP is registered with limited liability with identification number AAC-2085 and has its registered office at L-41, Connaught Cirrus, Outer Circle, New Delhi, 110001, India
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Raymon~ LIFESTYLE LIMITED Registered Office: Plot G-35 & 36, MIDC, Waluj, Taluka Gangapur, Chhatrapati Sambhajinagar (Aurangabad) - 431136, Maharashtra GIN: L74999MH2018PLC316288 Email : secretarial.lifestyle@raymond.in ; Website : www.raymondlifestyle .com A. STATEMEN T OF CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2026 (t in lakhs unless otherwise stated) Quarter ended Half year ended Year ended Sr Particulars No 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 (Unaudited} (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Income a) Revenue from operations 207,510 151,551 183,240 359,061 326,283 688,800 b) Other income 4,946 4,476 3,303 9,422 7,755 14,551 Total income 212,456 156,027 186,543 368,483 334,038 703,351 2 Expenses a) Cost of materials consumed 37,660 35,792 30,519 73,452 56,668 128,026 b) Purchases of stock-in-trade 79,400 36,531 59,196 115,931 102,781 197,356 c) Changes in inventories of finished goods, work-in- (15,492) (2,638} (5,506) (18,130) (11,328) (8,311) progress and stock-in-trade d) Employee benefits expense 24,015 23,861 22,646 47,876 47,003 93,052 e) Finance costs 7,369 6,348 5,997 13,717 11 ,742 23,305 f) Depreciation and amortisation 10,494 10,941 9,142 21 ,435 18,026 37,083 expense g) Other expenses - Manufacturing and operating cost 18,146 16,647 19,186 34,793 36,377 74,740 - Other expenses 41,772 32,378 34,602 74,150 64,485 138,094 Total expenses 203,364 159,860 175,782 363,224 325,754 683,345 3 Profit/ (loss) before exceptional items and tax (1-2) 9,092 (3,833) 10,761 5,259 8,284 20,006 4 Exceptional items - (loss) (refer note 2) - - (468) - (468) (12,854) 5 Profit/ (loss) before tax (3+4) 9,092 (3,833) 10,293 5,259 7,816 7,152 6 Tax (expense)/ credit - Current tax (633) (489) (411) (1,122) (601) (1 ,541) - Deferred tax (1 ,706) 2,063 (2,269) 357 (1,584) (912) - Tax in respect of earlier years - - (94) - (94) (82) Total tax (expense)/ credit (2,339) 1,574 (2,774) (765) (2,279) (2,535) 7 Profit/ (loss) for the period/ year (5+6) 6,753 (2,259) 7,519 4,494 5,537 4,617 8 Other Comprehensive Income ('OCI') (i) Items that will not be reclassified subsequently to profit or loss Remeasurement of defined benefit plan - (loss)/ gain (181) (196) 372 (377) 743 (178) Income tax on above item 46 49 (94) 95 (187) 14
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Raymon~ LIFESTYLE LIMITED Registered Office: Plot G-35 & 36, MIDC, Waluj, Taluka Gangapur, Chhatrapati Sambhajinagar (Aurangabad) - 431136, Maharashtra GIN: L74999MH2018PLC316288 Email : secretarial.lifestyle@raymond.in; Website : www.raymondlifestyle.com A. STATEMENT OF CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2026 (f in lakhs, unless otherwise stated) Quarter ended Half year ended Year ended Sr Particulars 30.09.2025 30.09.2026 30.09.2025 31.03.2026 No 30.09.2026 30.06.2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) (ii) Items that will be reclassified subsequently to profit or loss Exchange differences on translating financial (276) (617) (774) (893) (5) (793) statements of foreign operations Total OCI - (loss)/ gain for the period/ year (net of (411) (764) (496) (1,175) 551 (957) taxes) 9 Total Comprehensive Income - gain/ (loss) for the 6,342 (3,023) 7,023 3,319 6,087 3,660 period/ year (7+8) 10 Paid-up equity share capital (Face value - <!' 2 per 1,218 1,218 1,218 1,218 1,218 1,218 share) 11 Other equity 962,364 12 Earnings per equity share (of face value f 2 each) (not annualised except for the year end) (in f} Basic 11.08 (3.71) 12.34 7.38 9.09 7.59 Diluted* 11.08 (3.71) 12.34 7.38 9.09 7.59 *The impact of potential equity shares is anti-dilutive .
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Raymon~ LIFESTYLE LIMITED B. SEGMENT WISE REVENUE, RESULTS, ASSETS AND LIABILITIES (CONSOLIDATED) FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2026 (~ in lakhs, unless otherwise stated) Quarter ended Half year ended Year ended Particulars 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) Segment revenue - Textile* 97,059 68,374 90,595 165,433 160,520 331 ,989 - Shirting 22,187 19,524 21 ,160 41,711 41 ,637 81,753 - Apparel * 55,910 34,874 46,503 90,784 79,962 166,422 - Garmenting 33,910 29,553 26,928 63,463 46,632 106,558 - Emerging business* [refer note(ii)(e)] 10,025 7,888 8,737 17,913 16,000 37,352 - Inter segment revenue (11,581) (8,662) (10,683) (20,243) (18,468) (35,274) Total revenue 207,510 151,551 183,240 359,061 326,283 688,800 Segment results - Textile* 13,413 3,314 14,837 16,727 21 ,807 45,042 - Shirting 1,097 880 1,548 1,977 2,468 4,653 - Apparel* 1,120 (1,821) - (701) (1 ,377) (1,530) - Garmenting 1,824 1,384 751 3,208 (740) 314 - Emerging business* [refer note(ii)(e)] (4,236) (3,808) (2,562) (8,044) (5,533) (10,369) - Inter segment profit/ (loss) 250 (383) (122) (133) (863) (1 ,069) Segment profit/ (loss) before finance costs, exceptional 13,468 (434) 14,452 13,034 15,762 37,041 items and tax Finance costs (5,064) (3,809) (3,826) (8,873) (7,423) (14,592) Unallocable income/ (expense) - net 688 410 135 1,098 (55) (2,443) Profit/ (loss) before exceptional items and tax 9,092 (3,833) 10,761 5,259 8,284 20,006 Exceptional items - (loss) (refer note 2) - - (468) - (468) (12,854) Profit/ (loss) before tax 9,092 (3,833) 10,293 5,259 7,816 7,152 Tax (expense)/ credit (2,339) 1,574 (2,774) /765) /2,279) {2,535) Profit/ (loss) for the period/ year 6,753 (2,259) 7,519 4,494 5,537 4,617 Segment assets - Textile* 576,619 559,511 579,501 576,619 579,501 558,478 - Shirting 97,300 98,365 97,520 97,300 97,520 93,751 - Apparel* 339,416 316,298 326,424 339,416 326,424 321,775 - Garmenting 146,428 135,670 137,740 146,428 137,740 139,486 - Emerging business* [refer note(ii)(e)] 55,484 43,644 51 ,938 55,484 51 ,938 48,663 - Unallocable assets 326,874 283,229 259,241 326,874 259,241 269,365 - Inter segment assets (29,791) (30,276) (30,672) (29,791) (30,672) (31,822) 1,512,330 1,406,441 1,421,692 1,512,330 1,421,692 1,399,696 Segment liabilities - Textile* 146,567 131,136 116,751 146,567 116,751 125,976 - Shirting 25,529 29,318 23,508 25,529 23,508 23,836 - Apparel* 119,156 98,136 115,069 119,156 115,069 111,079 - Garmenting 49,882 45,315 42,193 49,882 42,193 44,200 - Emerging business* [refer note(ii)(e)] 41 ,295 32,860 36,726 41,295 36,726 35,983 - Unallocable liabilities - Borrowings 188,191 133,309 147,569 188,191 147,569 120,020 - Others 3,919 4,022 3,766 3,919 3,766 4,420 - Inter segment liabilities 127,385) /27,626) (28,548) /27,385) /28,548) (29,400) 547,154 446,470 457,034 547,154 457,034 436,114 Footnotes: i) Unallocable expenses/ income are net of unallocable income/ expense (including income from investments). ii) The Group operates under the following segments: a) Textile : Branded fabric b) Shirting :Shirting fabric (B2B) c) Apparel : Branded ready made garments d) Garmenting : Garment manufacturing e) Emerging business : Ethnix, Chairman Collection, lnnerwear, Sleepwear, Home (bed & bath) and Sexual wellness Group's performance is evaluated based on the various performance indicators by these business segments. Operating egments are reported in a manner consistent with internal reporting provided to the Chief Operating Decision Maker (CODM) . *During the quarter ended 30 June 2026, the Chief Operating Decision Maker ('CODM') revised the manner in which the Group's operations are monitored and assessed for the purpose of allocating resources and evaluating performance . Consequently, the operating and reportable segments have been redefined to reflect the revised management reporting structure. Pursuant to the requirements of Ind AS 108, Operating Segments, the corresponding segment information for prior periods has been regrouped/ re-presented to conform to the current period presentation and to provide comparability. This change relate solely to the presentation of segment information and does not impact the previously reported consolidated financial results of the Group.
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Raymon~ LIFESTYLE LIMITED C. Consolidated Balance Sheet (~ in lakhs, unless otherwise stated) As at Asat Particulars 30 September 2026 31 March 2026 (Unaudited) (Audited) I ASSETS 1 Non-current assets (a) Property, plant and equipment 241,110 240,077 (b) Capital work-in-progress 16,360 13,607 (c) Goodwill 45,377 45,377 (d) Other intangible assets 482,082 483,012 (e) Intangible assets under development 600 505 (f) Financial assets (i) Investments 53,036 42,938 (ii) Loans 7,565 - (iii) Other financial assets 12,557 12,209 (g) Deferred tax assets (net) 113,118 113,268 (h) Income tax assets (net) 5,526 6,659 (i) Other non-current assets 7,522 6,440 Total non-current assets 984,853 964,092 2 Current assets (a) Inventories 214,640 188,836 (b) Financial assets (i) Investments 37,943 60,772 (ii) Trade receivables 110,209 94,522 (iii) Cash and cash equivalents 41 ,716 23,635 (iv) Bank balances other than cash and cash equivalents 53,715 9,159 (v) Loans 42 - (vi) Other financial assets 7,898 5,118 (c) Other current assets 61,314 53,562 Total current assets 527,477 435,604 TOTAL ASSETS 1,512,330 1,399,696
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Raymonh LIFESTYLE LIMITED C. Consolidated Balance Sheet (~ in lakhs unless otherwise stated) ' As at Asat Particulars 30 September 2026 31 March 2026 (Unaudited) (Audited) 11 EQUITY AND LIABILITIES 1 Equity (a) Equity share capital 1,218 1,218 (c) Other equity 963,958 962,364 Total equity 965,176 963,582 2 Liabilities Non-current liabilities (a) Financial liabilities (i) Borrowings 43,567 36,306 (ii) Lease liabilities 88,307 83,603 (b) Provisions 3,430 4,069 (c) Deferred tax liabilities (net) 718 1,319 (d) Other non-current liabilities 1,326 1,618 Total non-current liabilities 137,348 126,915 Current liabilities (a) Financial liabilities (i) Borrowings 144,624 83,713 (ii) Lease liabilities 16,873 14,931 (iii) Trade payables Total outstanding dues of micro enterprises and small enterprises; and 16,956 11,856 Total outstanding dues of creditors other than micro enterprises and 161,725 131,823 small enterprises (iv) Other financial liabilities 43,119 42,465 (b) Other current liabilities 12,083 12,045 (c) Provisions 12,253 10,168 (d) Income tax liabilities (net) 2,173 2,198 Total current liabilities 409,806 309,199 TOTAL LIABILITIES 547,154 436,114 TOTAL EQUITY AND LIABILITIES 1,512,330 1,399,696
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Raymon~ LIFESTYLE LIMITED D. Consolidated Statement of Cash Flows Particulars A. CASH FLOW FROM OPERATING ACTIVITIES: Profit before tax Adjustments for non-cash transactions and items considered separately: Depreciation and amortisation expenses Finance costs Provision towards slow moving and non moving inventories Loss allowance (net) Provisions/ liabilities no longer required reversed/ written back Interest income Gain on sale of investment in equity instruments and mutual funds (net) Financial assets at FVTPL - net change in fair value - held for trading/ others Net unrealised loss on foreign currency translation Gain on remeasurement of lease liabilities Derecognition of financial asset on early termination of lease Loss on disposal of PPE (net) Apportioned income from government grants Reversal on share based payments Operating profit before working capital changes Change in working capital: Trade and other receivables Inventories Trade and other payables and provisions Cash (used in) operating activities before taxes Income taxes paid (net of refund) Net cash (used in) operating activ ities B. CASH FLOW FROM INVESTING ACTIVITIES: Proceeds from disposal of PPE Purchase of PPE/ intangible assets (including adjustment for capital WIP, intangible assets under development , capital advance and creditors for capital goods) Interest received on bank deposits Redemption of short term deposits with banks (net) Redemption of long term deposits with banks Proceeds from sale of non-current investments , including interest Investment in non-current investments Proceeds from sale of/ (investment in) current investments (net), including interest Net cash generated from/ (used in) investing activities C. CASH FLOW FROM FINANCING ACTIVITIES: Proceeds from long term borrowings Repayment of long term borrowings Proceeds from short term borrowings (net) Dividend paid (including adjustment of unclaimed dividends) (refer note 5) Payment of interest and other finance cost Payment of lease liabilities Payment of interest on lease liabilities Net cash generated from financing activities NET INCREASE/ (DECREASE) IN CASH AND CASH EQUIVALENTS Cash and cash equivalents at beginning of the period Cash and cash equivalents at end of the period (~ in lakhs, unless otherwise stated) Half year ended Half year ended 30 September 2026 30 September 2025 (Unaudited) (Unaudited) 5,259 7,816 21,435 18,026 13,717 11 ,742 2,331 2,841 866 501 (267) (130) (6,169) (2,780) (2,236) - 981 (2,494) 112 320 (786) (751) (129) (163) 466 - (248) (260) (1,115) (93) 34,217 34,575 (80,864) (39,368) (28,135) (19,670) 36,539 15,219 (38,243) (9,244) 1,328 (2,287) (36,915) (11,531) 15 - (8,670) (10,780) 562 1,722 150 10,155 1,002 - 1,840 - (10,000) - 24,537 (3,724) 9,436 (2,627) 13,961 1,086 (5,500) (1,106) 58,577 20,631 (601) - (7,727) (7,380) (8,294) (6,846) (4,856) (4,384) 45,560 2,001 18,081 (12,157) 23,635 26,346 41,716 14,189 ~
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Raymon~ LIFESTYLE LIMITED D. Consolidated Statement of Cash Flows C~ in lakhs, unless otherwise stated) As at As at Cash and cash equivalents as per above comprises of the following: 30 September 2026 30 September 2025 (Unaudited) (Unaudited) Balances with banks: - on current accounts 41,679 14,357 Cash on hand 37 - Less: Bank overdraft - (168) Balance as per statement of cash flows 41,716 14,189 Notes: 1. The above consolidated statement of cash flows has been prepared under the "Indirect Method" as set out in Ind AS 7 "Statement of Cash Flows" specified under section 133 of the Companies Act, 2013 (the 'Act'). 2. There are no restricted balances in cash and cash equivalents.
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Raymonh LIFESTYLE LIMITED Notes (A to D) : 1 These consolidated financial results for the quarter and half year ended 30 September 2026 (the 'Statement') of Raymond Lifestyle Limited (the 'Company' or' Holding Company') and its subsidiaries (collectively, the 'Group') have been prepared in accordance with the recognition and measurement principles laid down under 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 SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ('Listing Regulations'). 2 Exceptional items (~ in lakhs, unless otherwise stated) Quarter ended Half year ended Year ended Particulars 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) Stamp duty charges and others - - (468) - (468) (468) (unallocable) Statutory impact of New Labour Codes - - - - - (5,390) (refer note 3) Loss allowance on receivables and - - - - - (6,996) write down of inventory (Apparel)* Exceptional items - (loss) - - (468) - (468) (12,854) *During the previous year ended 31 March 2026, based on a periodic reassessment of realizability of certain trade receivables and inventories in specific business lines, the Company recognised write-downs to reflect current recoverable values. These adjustments primarily relate to non-recurring operational decisions and are not indicative of changes in the Company's core business outlook. 3 On 21 November 2025, the Government of India notified the four Labour Codes - Code on Wages, 2019, Industrial Relations Code, 2020, Code on Social Security, 2020, and Occupational Safety, Health and Working Conditions Code, 2020 (collectively, 'New Labour Code') - consolidating 29 existing labour laws. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Group has assessed and disclosed the incremental impact of these changes on the basis of the best information available, consistent with the guidance provided by the Institute of Chartered Accountants of India. Considering the materiality and regulatory driven, non-recurring nature of this impact, the Group has presented such incremental impact as "Statutory impact of New Labour Codes" under "Exceptional items" in the Statement for the year ended 31 March 2026. The incremental impact consisting of gratuity of Rs. 4,648 lakhs and compensated absences of Rs. 742 lakhs, primarily arises due to change in wage definition. The Group continues to monitor the finalisation of Central and/ or State Rules and clarifications from the Government on other aspects of the New Labour Code and would provide appropriate accounting effect on the basis of such developments as needed. 4 The Statement has been reviewed and recommended by the Audit Committee and thereafter approved by the Board of Directors of the Holding Company at their respective meetings held on 28 October 2026. There are no qualifications in the review report issued for the quarter and half year ended 30 September 2026. 5 The Board of Directors of the Holding Company had declared final dividend of ~1 per equity share (face value of ~2 each) for the financial year 2025-26, in the board meeting held on 6 May 2026, which is subsequently approved by shareholders at the annual general meeting held on 14 July 2026. "' Mumbai 28 October 2026 C/2.autam H Executive Chairman
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Walker Chandiok &_Co LLP Walker Chandiok & Co LLP 42"" Floor, Building Commerz Ill, International Business Park, Oberoi Garden City, Off Western Express Highway, Goregaon (East), Mumbai-400063 T +91 22 6626 2699 Independent Auditor's Review Report on Standalone Unaudited Quarterly Financial Results and Year to Date Financial 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 2026 and year to date results for the period 1 April 2026 to 30 September 2026, 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, Bengaluru , Bhubaneswar, Chandigarh, Chennai, Dehradun, Goa, Gurugram, Guwahati, Hyder abad. Ind ore, Jaipur, Kochi, Kolkata, Mumbai, Now Delhi, Noid" Emd P1.1no Walker Chandiok & Co LLP is registered \Yith limited liability with identification number AAC-2085 and has its registered omce at L-41, connaugnt Circus. Outer 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 Financial 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: 26106815JUJTCl7662 Place: Mumbai Date: 28 October 2026 Chartered Accountants Offices in Ahmedabad, Bengaluru, Bhubaneswar, Chandigarh, Chennai, Oehradun, Goa, Gurugram, Guwahati, Hyderabad, lndorv1 Jaipur, KQQ'li, Kolkata, Mumbai, New Delhi, Noida and rune Walker Chandiok & Co LLP is registered with limited liability with identification number MC-2085 and has its registered officeatL-41, ConnaughtGircus, Outer Circle, New Delhi, 110001, India
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Raymonh LIFESTYLE LIMITED Registered Office : Plot G-35 & 36, MIDC, Waluj, Taluka Gangapur, Chhatrapati Sambhajinagar (Aurangabad)- 431136, Maharashtra CIN:L74999MH2018PLC316288 Email : secretarial.lifestyle@raymond.in; Website: raymondlifestyle.com A. STATEMENT OF STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2026 If in lakhs unless otherwise stated) Sr. Quarter ended Half Year ended Year ended No. Particulars 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Income a) Revenue from operations 162,978 111,100 145,740 274,078 256,298 535,638 b) Other income 5,401 4,757 3,787 10,158 8,556 15,846 Total income 168,379 115,857 149,527 284,236 264,854 551,484 2 Expenses a) Cost of materials consumed 20,788 17,685 16,180 38,473 29,180 61,944 b) Purchases of stock-in-trade 71,534 35,299 57,488 106,833 98,566 191,049 c) Changes in inventories of finished goods, stock-in-trade and work-in- (10,971) (2,711) (4,518) (13,682) (8,742) (6,046) progress d) Employee benefits expense 15,037 15,221 13,766 30,258 28,813 57,793 e) Finance costs 6,482 5,471 5,324 11,953 10,388 20,424 f) Depreciation and amortisation expense 8,804 9,186 7,500 17,990 14,755 30,396 g) Other expenses - Manufacturing and operating cost 11,947 10,851 13,702 22,798 25,082 52,101 - Other expenses 37,988 29,694 30,786 67,682 57,735 124,416 Total expenses 161,609 120,696 140,228 282,305 255,777 532,077 3 Profit/ (loss) before exceptional items and tax (1-2) 6,770 (4,839) 9,299 1,931 9,077 19,407 4 Exceptional ~ems - (Joss) (refer note 2) (468\ - 1468) (11,598) 5 Profit/ (loss) before tax (3+4) 6,770 (4,839) 8,831 1,931 8,609 7,809 6 Tax (expense)/ credit Current tax - - - - - Deferred tax 11,910 1,353 12,317 1557 12,260) (2,636) Total tax (expense)/ credit (1,910 1,353 12,317 1557 12,260) (2,636 7 Profit/ (loss) for the period/ year (5+6) 4,860 13,486\ 6,514 1,374 6,349 5,173 8 Other Comprehensive Income ('OCI') Items that will not be reclassified subsequently to profit or loss Remeasurement of defined benefit plan - (loss)/ gain (181) (181) 372 (362) 743 (724) Income tax relating to above item 45 46 194 91 1187) 182 9 Total OCI - (loss)/ gain for the period/ year (net of taxes) (136) (135 278 1271 556 (542 10 Total Comprehensive Income- gain/ (loss) for the period/year 4,724 (3,621) 6,792 1,103 6,905 4,631 (7+9) 11 Paid-up equity share cap~al (Face value - t 2 per share) 1,218 1,218 1,218 1,218 1,218 1,218 12 Other equfy 952,350 13 Earnings per equity share (of face value, 2 each) (not annualised except for the year end) (in f) Basic 7.98 (5.72) 10.69 2.26 10.42 8.49 Diluted• 7.98 (5.72) 10.69 2.26 10.42 8.49 "The impact of potential equfy shares is anti-dilutive.
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Raymonc1 LIFESTYLE LIMITED B. (I) Additional disclosures as per Regulation 52(4) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) Sr. Quarter ended Half Year ended No. Particulars 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 {Unaudited) {Unaudited) {Unaudited) {Unaudited) {Unaudited) 1 Debt - Equity ratio (limes) 0.15 0.10 0.12 0.15 0.12 IITotal Debt/ Equitvl 2 Debt Service Coverage ratio (times) 0.88 0.43 1.05 1.04 1.31 Earnings before finance costs, depreciation and amortisation expense, exceptional items and tax (EBITDA) / (Finance costs for the period/ year+ Principal repayment of long-term debt and lease liabilities within one year) - Not annualised except for the year end 3 Interest Service Coverage ratio (times) 3.40 1.79 4.16 2.67 3.29 (EBITDA / Finance costs) - Not annualised except for the year end 4 Outstanding Redeemable Preference Shares - - - - 5 Debenture redemption reserve(' in lakhs) - - - - 6 Capital redemption reserve (' in lakhs) - - - 7 Net worth (' in lakhs) 952,946 949,361 954,598 952,946 954,598 8 Net profiU (loss) after tax(' in lakhs) 4,860 (3,486) 6,514 1,374 6,349 9 Basic earnings per share (in ') - Not annualised except for the year end 7.98 (5.72) 10.69 2.26 10.42 10 Diluted earnings per share (in ') - Not annualised except for the year end 7.98 (5.72) 10.69 2.26 10.42 11 Current ratio (times) 1.30 1.28 1.60 1.30 1.60 (Current assets/ Current liabilities) 12 Long-term debt to working capital (times) 0.26 0.37 0.19 0.26 0.19 [(Non-current Borrowings+ Current maturities of long-term borrowings)/ Net current assets excluding current maturities of long-term borrowings] 13 Bad debts to accounts receivable ratio( %) 6.29% 0.00% 0.04% 6.29% 0.06% (Gross bad debts/ Average trade receivables) 14 Current liability ratio (%) 74.80% 70.50% 69.96% 74.80% 69.96% (Current liabilities / Total liabilities) 15 Total debts to total assets ratio(%) 10.26% 7.12% 8.26% 10.26% 8.26% [(Short-term debt+ Long term debt) /Total assets] 16 Debtors Turnover (times) 7.84 6.38 7.05 6.59 6.20 [(Revenue from operations/ Average trade receivable)) - Annualised 17 Inventory Turnover (times) 2.44 1.66 2.34 2.02 2.04 [(Cost of Goods Sold/ Average inventory)] - Annualised (Cost of Goods sold = Cost of materials consumed +Purchases of stock-in- trade + Changes in inventories of finished goods, stock-in-trade and work-in- progress + Manufacturing and operating cost) 18 Operating margin (in %) 10.22% 4.56% 12.58% 7.92% 10.01 % [(EBITDA - Other income) / Revenue from operations] 19 Net profit margin (%) 2.98% (3.14%) 4.47% 0.50% 2.48% [ProfiU (loss) after tax I Revenue from operations] Year ended 31.03.2026 !Audited) 0.09 1.90 3.44 - 953,568 5,173 8.49 8.49 1.48 0.23 2.01% 69.10% 6.34% 7.67 2.12 10.15% 0.97%
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Raymon<1 LIFESTYLE LIM ITED (ii) Disclosures as per Regulation 54 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) Asset cover ratio lintimesl Particulars ISIN Asa! Asal Asal Asal 30.09.2026 30.06.2026 31.03.2026 30.09.2025 (Unaudited) (Unaudited) (Audited) (Unaudited) 9.00% Series 'P' Secured Listed Rated Redeemable Non-Convertible Debentures INE301A07060 2.84 2.90 2.97 2.84 a) The following definition has been considered for the purpose of computation of Asset Cover Ratio: (i) Asset cover ratio : Mar1<et value of secured assets/ Value of Secured Listed Rated Redeemable Non-Convertible Debentures. (ii) Mar1<et value of secured assets : Mar1<et value of assets secured, as per the latest valuation report issued by valuer, against lhe outstanding Secured Listed Rated Redeemable Non Convertible Debentures (Adjusted for ~10,000 lakhs teITTl loan taken from Bank of Maharashtra on 27 March 2025). (iii) Value of Secured Listed Rated Redeemable Non-Convertible Debentures : Outstanding value of the Secured Listed Rated Redeemable Non-Convertible Debentures and coupon interest accrued but not due on the Secured Listed Rated Redeemable Non-Convertible Debentures. b) Asset cover ratio shall be at least 2.00 times of secured assets as per the teITTls of lnfoITTlation Memorandum and/or Debenture Trust Deed for 9.00% Series 'P' Secured Listed Rated Redeemable Non-Convertible Debentures. c) First Pan Passu charge on the Movable & Immovable fixed assets (Land, Building and Plant & Machinery) with a security cover of 2 times on realizable value (As per the latest valuation report issued by valuer) of the assets of Vapi Plant at Gujarat and this shall be maintained during the entire tenure of the 9.00% Series 'P' Secured Listed Rated Redeemable Non Convertible Debentures. The land situated at Vapi location has been transferred from Raymond Limited to Raymond Lifestyle Limited pursuant to the demerger scheme ; the name change process was completed on 1 May 2025. The Company has paid maximum stamp duty for transfer of properties.
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Raymon~ LIFESTYLE LIMITED C. Standalone Balance Sheet (f in lakhs, unless otherwise stated) Asat Asat Particulars 30 September 2026 31 March 2026 (Unaudited) (Audited) I ASSETS 1 Non-current assets (a) Property, plant and equipment 185,511 182,087 (b) Capital work-in-progress 1,671 1,060 (c) Investment property 158 162 (d) Intangible assets 466,814 467,734 (e) Intangible assets under development 600 505 (f) Financial assets (i) Investments in subsidiaries 118,145 118,145 (ii) Other investments 53,036 42,938 (iii) Loans 7,565 - (iv) Other financial assets 12,053 11,711 (g) Deferred tax assets (net) 112,129 112,595 (h) Income tax assets (net) 5,239 6,483 (i) Other non - current assets 3,638 2,998 Total non-current assets 966,559 946,418 2 Current assets (a) Inventories 160,211 145,198 (b) Financial assets (i) Investments 36,670 59,398 (ii) Trade receivables 91,945 74,315 (iii) Cash and cash equivalents 37,459 20,651 (iv) Bank balances other than cash and cash equivalents 51,791 7,366 (v) Loans 42 5,000 (vi) Other financial assets 8,217 4,544 (c) Other current assets 54,528 49,881 Total current assets 440,863 366,353 TOT AL ASSETS 1,407,422 1,312,771
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Raymon<1 LIFESTYLE LIMITED C. Standalone Balance Sheet (f in lakhs unless otherwise stated) ' As at As at Particulars 30 September 2026 31 March 2026 (Unaudited) (Audited) II EQUITY AND LIABILITIES 1 Equity (a) Equity share capital 1,218 1,218 (b) Other equity 951,728 952,350 Total equity 952,946 953,568 2 Liabilities Non-current liabilities (a) Financial liabilities (i) Borrowings 24,966 25,962 (ii) Lease liabilities 87,533 82,973 (b) Provisions 1,707 1,707 (c) Other non - current liabilities 311 369 Total non-current liabilities 114,517 111,011 Current liabilities (a) Financial liabilities (i) Borrowings 119,367 57,207 (ii) Lease liabilities 16,551 14,537 (iii) Trade payables Total outstanding dues of micro enterprises and small 15,309 10,868 enterprises ; and Total outstanding dues of creditors other than micro 131,017 111,361 enterprises and small enterprises (iv) Other financial liabilities 36,814 34,882 (b) Other current liabilities 10,239 9,728 (c) Provisions 8,562 7,509 (d) Income tax liabilities (net) 2,100 2,100 Total current liabilities 339,959 248,192 TOT AL LIABILITIES 454,476 359,203 TOT AL EQUITY AND LIABILITIES 1,407,422 1,312,771 J
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Raymon~ LIFESTYLE LIMITED D. Standalone Statement of Cash Flows (f in lakhs, unless otherwise stated) Half year ended Half year ended Particulars 30 September 2026 30 September 2025 (Unaudited} (Unaudited) CASH FLOW FROM OPERATING ACTIVITIES: Profit before tax 1,931 8,609 Adjustments for non-cash transactions and items considered separately: Depreciation and amortisation expenses 17,990 14,755 Finance costs 11 ,953 10,388 Net unrealised loss/ (gain} on foreign currency translation 30 (263} Provisions/ liabilities no longer required reversed/ written back (125} - Interest income (6,140) (3,064) Gain on remeasurement of lease liabilities (786} (751} Derecognition of financial asset on early termination of lease (129} (164} Gain on sale of investment in equity instruments and mutual funds (net} (2,226} (128} Financial assets at FVTPL - net change in fair value - held for trading/ others 981 (2,494} Apportioned income from government grants (61) (62) Loss allowance (net) 698 300 Provision towards slow moving and non moving inventory 1,805 1,684 Loss on disposal of PPE (net} 466 - Reversal on share based payments /1, 115) (93) Operating profit before working capital changes 25,272 28,718 Change in working capital: Trade and other receivables (73,711} (48,611) Inventories (16,818) (11 ,509) Trade and other payables and provisions 27,883 11,241 Cash generated from/ (used in) operating activities before taxes (37,374) (20,161) Income taxes paid (net of refunds) 1,380 (728) Net cash (used in) operating activities (35,994) (20,889) CASH FLOW FROM INVESTING ACTIVITIES: Purchase of PPE/ intangible assets (including adjustment for capital WIP, intangible (5,812) (5,581) assets under development, capital advance and creditors for capital goods) Proceeds from disposal of PPE 15 - Interest received on bank deposits 333 2,006 Proceeds from sale of/ (investment in} current investments (net}, including interest 24,427 (17,057) Investment in non-current investments (10,000) - Proceeds from sale of non-current investments , including interest 2,471 13,725 Redemption of short-term deposits with banks (net) 1,875 10,699 Redemption of long-term deposits with banks 1,002 - Short term loans repaid to the Company, including interest 5,006 6,250 Lono-term loans aiven bv the Comoanv /7,565) - Net cash generated from investing activities 11,752 10,043 ~
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Raymonct LIFESTYLE LIMITED D. Standalone Statement of Cash Flows (f in lakhs, unless otherwise stated) Half year ended Half year ended Particulars 30 September 2026 30 September 2025 (Unaudited} (Unaudited) CASH FLOW FROM FINANCING ACTIVITIES: Repayment of long-term borrowings (2,196) (1 ,000) Proceeds from short-term borrowings (net) 63,360 17,219 Payment of lease liabilities (7,560) (7,165) Dividend paid (including adjustment of unclaimed dividends) (refer note 6) (601) - Payment of interest on lease liabilities (4,792) (4,334) Payment of interest and other finance cost (7,161) (6,054' Net cash generated from/ (used in) financing activities 41,050 {1,334) NET INCREASE/ (DECREASE) IN CASH AND CASH EQUIVALENTS 16,808 (12,180) Cash and cash equivalents at beginning of the period 20,651 24,325 Cash and cash equivalents at end of the period 37,459 12,145 Asat As at Cash and cash equivalents as per above comprises of the following: 30 September 2026 30 September 2025 (Unaudited) (Unaudited) Balances with banks: - on current accounts 37,435 12,295 Cash on hand 24 18 Less: Bank overdraft - (168) Balances as per statement of cash flows 37,459 12,145 Notes: 1 The above standalone statement of cash flows has been prepared under the "Indirect Method" as set out in Ind AS 7 "Statement of Cash Flows" specified under section 133 of the Companies Act, 2013 (the 'Act'). 2 There are no restricted balances in cash and cash equivalents
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2 Raymonh LIFESTYLE LIMITED Notes (A to D): These standalone unaudited financial results for the quarter and half year ended 30 September 2026 (the 'Statement') have been prepared in accordance with the recognition and measurement principles laid down under 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 SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ('Listing Regulations'). Exceptional items: If in lakhs, unless otherw ise stated) Quarter ended Half Year ended Year ended Particulars 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 I Unaudited\ (Unaudited) (Unaudited) (Unaudited) (Unaudited\ I Audited) Stamp duty on demerger (unallocable) - - (468) - (468) (468) Statutory impact of New Labour Codes (refer - - - - - (4,134) note 3) Loss allowance on receivables and write down - - - - - (6,996) of inventory (Apparel)* Exceotiona l items - (loss) - - (468) - (468) (11,598) *During the year ended 31 March 2026, based on a periodic reassessment of realizability of certain trade receivables and inventories in specific business lines, the Company recognised write-downs to reflect current recoverable values. These adjustments primarily relate to non-recurring operational decisions and are not indicative of changes in the Company's core business outlook. 3 On 21 November 2025, the Government of India notified the four Labour Codes - Code on Wages, 2019, Industrial Relations Code, 2020, Code on Social Security, 2020, and Occupational Safety, Health and Working Conditions Code, 2020 (collectively, 'New Labour Code') - consolidating 29 existing labour laws. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Company had assessed and disclosed the incremental impact of these changes on the basis of the best information available, consistent with the guidance provided by the Institute of Chartered Accountants of India. Considering the materiality and regulatory-driven, non-recurring nature of this impact, the Company had presented such incremental impact as "Statutory impact of New Labour Codes" under "Exceptional items" in the Statement. The incremental impact consisting of gratuity of Rs. 3,440 lakhs and compensated absences of Rs. 694 lakhs, primarily arises due to change in wage definition. The Company continues to monitor the finalisation of Central and/ or State Rules and clarifications from the Government on other aspects of the New Labour Code and would provide appropriate accounting effect on the basis of such developments as needed. 4 The Statement has been reviewed and recommended by the Audit Committee and thereafter approved by the Board of Directors of the Company at their respective meetings held on 28 October 2026. There are no qualifications in the review report issued for the quarter and half year ended 30 Septermber 2026. 5 In accordance with Ind AS 108 "Operating Segments", the Company has opted to present segment information along with the consolidated financial results of the group. 6 The Board of Directors of the Company had declared final dividend oft 1 per equity share (face value of o!' 2 each) for the financial year 2025-26, in the board meeting held on 6 May 2026, which is subsequently approved by shareholders at the annual general meeting held on 14 Jul1'-2026. Mumbai 28 October 2026 cJ~ ...... "" ""'""" Executive Chairman
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PRESS RELEASE Corporate office: JEKEGRAM Pokhran Road No. 1, Thane (West) - 400 606, Maharashtra, India. October 28, 2026 Raymond Lifestyle Limited Delivered a Record Total Income & Healthy Q2 FY27 & H1 FY27 Performance Mumbai, 28th October 2026: Raymond Lifestyle Limited today announced its unaudited financial results for the quarter ended 30th September 2026. Particulars (₹ Cr.) Q2 FY27 Q1 FY27 Q2 FY26 YoY H1 FY27 H1 FY26 YoY Total Income 2,125 1,560 1,865 14% 3,685 3,340 10% EBITDA 270 135 259 4% 404 381 6% EBITDA Margin % 12.7% 8.6% 13.9% 11.0% 11.4% PBT (before exceptional items) 91 (38) 108 (16%) 53 83 (37%) PBT Margin (before exceptional items) 4.3% (2.5%) 5.8% 1.4% 2.5% Raymond Lifestyle Limited sustained strong operational momentum in Q2 FY27, delivering a robust Total Income of ₹ 2,125 Cr, an increase of 14% YoY compared to ₹ 1,865 Cr in Q2 FY26. Performance was propelled by strategic premiumization and casualization across the businesses, along with robust volume expansion in Branded Apparel and sustained international demand recovery in the Garmenting segment across key US, UK and European markets. EBITDA for Q2 FY27 stood at ₹ 270 Cr, growing 4% YoY with an EBITDA margin of 12.7%. For the half-year ended September 30, 2026, Total Income reached ₹ 3,685 Cr (up 10% YoY) and EBITDA stood at ₹ 404 Cr (up 6% YoY) and an EBITDA Margin of 11.0%, demonstrating strong execution and financial discipline that keeps the business well-aligned with its annual targets. Q2 FY27 Segmental Performance Branded Textile segment revenue was at ₹ 971 Cr in Q2 FY27 vs ₹ 906 Cr in Q2 FY26, representing a 7% Y-o-Y growth fueled by festive channel uptake and premiumization, successfully neutralizing raw material inflation. EBITDA was at ₹ 188 Cr in Q2 FY27 as compared to ₹ 186 Cr in Q2 FY26, with EBITDA margin of 19.3% in Q2 Key Highlights • Record Highest ever Total Income of ₹ 2,125 Cr in Q2 FY27 vs. ₹ 1,865 Cr in Q2 FY26, 14% Y-o-Y growth and ₹ 3,685 Cr in H1 FY27 vs. ₹ 3,340 Cr in H1 FY26, 10% Y-o-Y growth • EBITDA at ₹ 270 Cr in Q2 FY27 vs. ₹ 259 Cr in Q2 FY26, 4% Y-o-Y growth and ₹ 404 Cr in H1 FY27 vs. ₹ 381 Cr in H1 FY26, 6% Y-o-Y growth • EBITDA Margin at 12.7% in Q2 FY27 vs 13.9% in Q2 FY26 and 11.0% in H1 FY27 vs 11.4% in H1 FY26 reflecting increased marketing investments and input cost pressure • Net Working Capital days improved to 82 days in Q2 FY27 vs 105 days in Q2 FY26 • Continue to remain Net Debt Free – with Net Cash Surplus of ₹ 69 Cr as on Sept’26 vs Net Debt of ₹ 246 Cr in Sept’25, representing a cash generation of ₹ 300+ Cr • Retail Network Optimization continues with a count of 1,634 stores as on September’26 • Operational milestones and robust festive channel order books keep the company firmly on track to achieve its FY27 full-year financial and strategic guidance Raymona LIFESTYLE LIMITED
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PRESS RELEASE Corporate office: JEKEGRAM Pokhran Road No. 1, Thane (West) - 400 606, Maharashtra, India. FY27 vs 20.6% in Q2 FY26. In spite of inflationary pressures affecting raw material prices & freight costs, overall product mix remained buoyant, underscoring the resilience of our core fabric portfolio. Branded Apparel segment recorded a highest ever revenue at ₹ 559 Cr in Q2 FY27 as compared to ₹ 465 Cr in the same quarter last year, reflecting a strong 20% Y-o-Y growth. Casualwear brands led by ColorPlus & Parx outpaced broader apparel categories. The segment reported an EBITDA of ₹ 49 Cr in Q2 FY27 as compared to ₹ 41 Cr in Q2 FY26 with a stable and flat EBITDA margin of 8.8% in Q2 FY27 on account of adverse channel mix, higher raw material prices, offset by closure of non-performing stores. Garmenting segment reported a revenue surge of ₹ 339 Cr in Q2 FY27 as compared to ₹ 269 Cr in the same quarter previous year, reflecting a robust growth of 26% Y-o-Y. This impressive growth was underpinned by a robust order book execution following the US-India Tariff rationalization, UK India FTA & onboarding of new global clients. The segment reported an EBITDA of ₹ 25 Cr in Q2 FY27 as compared to ₹ 14 Cr in Q2 FY26, with an EBITDA margin for the quarter of 7.4% in Q2 FY27 vs 5.3% in Q2 FY26 an expansion of 207 bps Y-o-Y. High Value Cotton Shirting segment reported revenue of ₹ 222 Cr in Q2 FY27as compared to ₹212 Cr in Q2 FY26, reflecting a 5% Y-o-Y growth. The segment reported an EBITDA of ₹ 21 Cr in Q2 FY27 as compared to ₹25 Cr in Q2 FY26. EBITDA margin was at 9.5% in Q2 FY27 vs 12.0% in Q2 FY26, predominantly due to increase in raw material prices, partially offset by higher ASP’s. Emerging Business (comprising of Ethnix by Raymond, Raymond Home, Park Avenue Innerwear, Chairman’s Collections and Sexual Wellness) reported revenue of ₹ 100 Cr in Q2 FY27 as compared to ₹ 87 Cr in the same quarter previous year, reflecting a growth of 15% Y-o-Y. Strategic capital deployment continues to incubate and scale these high-growth consumer lifestyle categories. Retail Footprint & Network Optimization: Our store count at the end of the quarter was 1,634 stores vs. 1,663 stores on September 30, 2025. We continue to curate our physical retail footprint, reallocating resources into high-efficiency formats while allowing newer stores to mature toward peak productivity. Financial Position & ESG Roadmap Raymond Lifestyle Limited has a net-cash position of ₹ 69 Cr in Sept’26 as compared to a net debt of ₹ 246 Cr in Sept’25, representing a cash generation of ₹ 300+ Cr. We remain steadfast in advancing our ESG commitments. By 2030, we aim to achieve 40% female representation alongside environmental stewardship through Zero Liquid Discharge and Zero Waste to Landfill initiatives. Our climate strategy targets a 25% transition to renewable electricity and a 15% reduction in Scope 1 and 2 emissions by 2030. Furthermore, workplace safety remains a top priority. Driven by robust governance, these initiatives reinforce our commitment to sustainable growth and long-term stakeholder value. Commenting on the performance, Satyaki Ghosh, Wholetime Director & CEO of Raymond Lifestyle Limited said; “Our performance in Q2 and H1 FY27 demonstrates sustained operational continuity, strategic resilience, and focused commercial execution across domestic and international markets. Our Garmenting business continued to deliver robust growth, capitalizing on global supply chain realignments, while our Branded Apparel business expanded by 20%, spearheaded by strong momentum across our casual brands ColorPlus and Parx. While elevated input costs and channel mix dynamics influenced near-term operating margins, our disciplined pricing, substantial working capital contraction, net debt-free balance sheet with ₹ 69 Cr in net cash provide tremendous operational resilience. As we enter the peak festive and wedding season, domestic demand indicators remain strong. Supported by retail network optimization, brand investments, and capacity ramp-ups, we remain firmly confident in our strategic direction and on track to achieve our stated FY27 guidance.” Raymona LIFESTYLE LIMITED
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PRESS RELEASE Corporate office: JEKEGRAM Pokhran Road No. 1, Thane (West) - 400 606, Maharashtra, India. 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' and 'Ethnix by Raymond' amongst others. With one of the largest retail networks in India, Raymond has over 1,600 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: Shalini Singh Corporate Communications Raymond Lifestyle Limited Tel: 022 6152 7624 Email: shalini.singh@raymond.in Raymona LIFESTYLE LIMITED