Raymond Ltd shares advanced over 5% on positive earnings reports, following the announcement of Q3FY26 results that showcased total income growing 18% year-on-year to ₹580 crore from ₹493 crore in Q3FY25. The stock had previously surged as much as 13.9% to ₹420 on Friday, marking the highest level since January 8. According to NDTV Profit, the stock had pared some gains to trade 8.75% higher at ₹401 by 1:30 p.m., significantly outperforming the NSE Nifty 50 which advanced just 0.26%. Total traded volume stood at 6.74 times its 30-day average, indicating strong investor interest despite the stock's 73.72% decline over the last 12 months. All three analysts tracking the company maintain a 'buy' rating with an average 12-month consensus price target of ₹1,519, indicating potential upside of 62.4%. In the latest development, Raymond's Managing Director has confirmed that the company's current quarter performance continues to demonstrate strong momentum across key business divisions, reinforcing the positive quarterly results.
According to latest reports, Raymond Ltd demonstrated strong operational efficiency with EBITDA growing 27% to ₹83 crore in Q3FY26 compared to ₹65 crore in the previous year quarter. EBITDA margin expanded to 14.3% from 13.3% in Q3FY25, reflecting improved operational leverage and product mix optimization. The company reported net profit of ₹7 crore, up 78% from ₹4 crore in the same quarter last year, while profit from continuing operations nearly doubled to ₹7.1 crore. For the nine-month period FY26, total income reached ₹1,699 crore, representing a 13% increase from ₹1,504 crore in 9MFY25, with nine-month EBITDA standing at ₹250 crore with a margin of 14.7%.
According to latest financial reports, Raymond Ltd's aerospace & defense segment emerged as the standout performer with revenue of ₹105 crore in Q3FY26, registering impressive 49% year-on-year growth from ₹70 crore in Q3FY25. This growth was driven by production ramp-ups at key aerospace OEMs and incremental revenue from newly developed parts that entered production. The company's aerospace division continues to strengthen its position as a preferred supplier to top global aircraft engine manufacturers, with expertise in manufacturing precision aero engine components, having developed over 1,200 precision aero engine parts and supplying to 25+ global aerospace component manufacturing clients. For the nine-month period, the aerospace & defense segment generated revenue of ₹273 crore, marking 34% growth from ₹204 crore in 9MFY25. As per ScanXNews, the Managing Director has specifically highlighted that the aerospace & defense division maintains strong momentum and continues to be a significant contributor to the company's current quarter performance.
The precision technology & auto components segment recorded revenue of ₹417 crore in Q3FY26, up 15% from ₹363 crore in the previous year. According to company reports, this growth was fueled by strong demand for hybrid products in Europe and robust domestic demand in the tools & hardware category. In the precision technology segment, Raymond serves over 100 large customers globally across 18+ international locations, manufacturing more than 2,000 auto components while maintaining strong relationships as a trusted Tier-1 supplier with established partnerships spanning seven decades. For the nine-month period, the segment achieved revenue of ₹1,225 crore, up 12% from ₹1,091 crore in the corresponding previous period, demonstrating sustained momentum across the division. Recent management commentary from ScanXNews confirms that both the precision technology division continues to deliver strong results while the auto components division has shown robust performance during the current quarter, contributing meaningfully to the company's diversified revenue streams.
In a standout development, Raymond Real Estate Ltd reported exceptional financial performance with consolidated net profit surging to ₹66.79 crore in Q3 from ₹3.01 crore in the corresponding quarter of the previous year. The real estate arm achieved total income of ₹765.97 crore compared to ₹93.26 crore in Q3 of the previous fiscal, demonstrating remarkable operational scale-up. The company achieved booking value of ₹743 crore during the quarter, reflecting strong market demand and effective sales execution across its real estate projects. For the nine-month period, Raymond Real Estate reported net profit of ₹143.47 crore versus ₹15.37 crore in the corresponding previous period, while total income reached ₹1,863.62 crore against ₹449.77 crore, showcasing sustained growth momentum across the real estate portfolio.
As reported by NDTV Profit, Raymond Ltd maintains a strong financial position, remaining net debt-free with a cash surplus of ₹214 crore at quarter-end, while Raymond Real Estate reported net debt of ₹230 crore at the end of Q3. Meanwhile, Raymond Lifestyle strengthened its leadership team by appointing Prasad Ellatch Chathuar as Chief Financial Officer effective January 27, 2026. Chathuar, who brings 28 years of consumer industry experience from Bajaj Electricals Limited, replaces Vishal Raigagla who served as interim CFO since October 2025. In a significant corporate development, ScanXNews reports that Raymond's board has approved a strategic merger with Everblue Apparel, its wholly-owned subsidiary, designed to simplify corporate structure and improve management focus. The merger will not affect the shareholding structure and aims to enhance operational efficiency through organizational streamlining, representing a strategic move toward organizational optimization.
