According to reports from Raymond Lifestyle Ltd., the apparel maker reported a consolidated net loss of ₹22.59 crore for the quarter ended June 2026, representing an increase from the loss of ₹19.82 crore recorded in the corresponding quarter of the previous fiscal year. On a sequential basis, the net loss narrowed 56.61% from the previous quarter. Despite the widening loss, the company demonstrated resilience in its operational metrics, with revenue from operations rising 6% year-on-year to ₹1,515.51 crore compared to ₹1,430.43 crore in the year-ago period, though revenue declined 14.69% quarter-on-quarter. The company maintained a strong financial position with a net cash surplus of ₹154 crore in Q1 FY27, a significant improvement from a net debt position of ₹55 crore in Q1 FY26.
The Garmenting segment emerged as the standout performer, reporting revenue growth of 50% year-on-year to ₹296 crore from ₹197 crore in the previous year. EBITDA improved dramatically to ₹22 crore from a loss of ₹8 crore in the year-ago quarter, with EBITDA margin at 7.3% compared with negative 4.1% earlier. The company attributed this exceptional performance to order book execution following US-India tariff rationalisation and onboarding of new global clients. The Garmenting segment's strong performance demonstrates the strategic advantages of global trade tailwinds, particularly the implementation of the UK Free Trade Agreement (FTA) which resulted in a strong order book. As per Raymond Lifestyle, this performance was led by premiumization in the domestic business and significant volume recovery in the Garmenting business.
The Branded Textile segment reported revenue of ₹684 crore in Q1 FY27 compared with ₹699 crore a year earlier due to a base effect. EBITDA stood at ₹95 crore compared with ₹107 crore in the year-ago quarter, with margin declining to 13.9% from 15.3% due to scale deleverage. The Branded Apparel segment revenue increased 4% year-on-year to ₹349 crore from ₹335 crore, with casual brands recording double-digit growth. However, segment EBITDA declined to ₹18 crore from ₹26 crore in Q1 FY26, with EBITDA margin at 5.1% versus 7.8% due to adverse channel mix. The High Value Cotton Shirting segment reported revenue of ₹195 crore compared with ₹205 crore in Q1 FY26, with EBITDA margin improving to 9.7% from 9.1% despite higher raw material prices. Revenue of Branded Textile and High Value cotton shirting segment was lower compared to the previous year due to a base effect.
Commenting on the results, Wholetime Director & CEO Satyaki Ghosh stated that Q1 FY27 delivered steady performance marked by strong international traction and sustained domestic demand. He highlighted that the Garmenting business achieved an exceptional 50%+ growth, demonstrating the strategic advantages of global trade tailwinds like the US-India Tariff rationalisation and upcoming FTAs with the UK and EU. The company's portfolio includes brands such as Park Avenue, ColorPlus, Parx, Raymond Made to Measure, Raymond Ready to Wear, Sleepz by Raymond and Ethnix by Raymond among others. Raymond Lifestyle has a total income of ₹1,560.27 crore during the quarter, up 5.78% compared to the previous year, while total expenses increased to ₹1,598.60 crore, also up 6% year-on-year.
