Key Highlights
- Total Income at ₹ 1,883Cr in Q3 FY26 vs. ₹ 1,796 Cr in Q3 FY25, 5% Y-o-Y growth
- EBITDA at ₹ 271 Cr in Q3 FY26 vs. ₹ 221 Cr in Q3 FY25, 23% Y-o-Y growth
- EBITDA Margin at 14.4% in Q3 FY26 vs 12.3% in Q3 FY25
- Performance driven by strong volume growth in Domestic Markets
27th January 2026: Raymond Lifestyle Limited today announced its unaudited financial results for the quarter ended 31st December 2025.
| Particulars (₹ Cr.) | Q3 FY26 | Q2 FY26 | Q3 FY25 | YoY | 9M FY26 | 9M FY25 | YoY | |
| Total Income | 1,883 | 1,865 | 1,796 | 5% | 5,223 | 4,780 | 9% | |
| EBITDA | 271 | 259 | 221 | 23% | 652 | 552 | 18% | |
| EBITDA Margin % | 14.4% | 13.9% | 12.3% | 12.5% | 11.6% | |||
| PBT (before exceptional items) | 118 | 108 | 87 | 36% | 201 | 168 | 20% | |
| PBT Margin (before exceptional items) | 6.3% | 5.8% | 4.9% | 3.9% | 3.5% |
Raymond Lifestyle Limited continues to deliver a good Q3 performance, with a Y-o-Y growth of 5% and a Total Income of ₹ 1,883 Cr. This growth was sparked by robust domestic demand, driving substantial volumes in our Branded Textile and Apparel divisions. Despite a strategic increase in marketing spend intended to bolster long-term brand equity, we delivered an EBITDA of ₹271 Cr at a margin of 14.4%. This performance underscores our operational efficiency, optimized product mix, and the successful rationalization of our retail footprint to capture thriving domestic sentiment.
While domestic consumption remains strong, our international performance faced pressure from significant headwinds in the garmenting and B2B export sectors. U.S. tariffs hindered our global competitiveness, resulting in deferred orders and squeezed margins from international partners. However, the strength of the Indian market effectively neutralized these impediments, ensuring the company maintained its overall growth trajectory.
Commenting on the performance, Gautam Hari Singhania, Executive Chairman of Raymond Lifestyle Limited said; “Buoyed by significant domestic growth in core lifestyle categories, our performance this quarter remains resilient. We continue to mitigate global economic headwinds through strategic foresight, with a particular focus on leveraging the UK-India FTA and managing risks associated with US trade policy changes. Our proactive approach ensures consistent value creation for our stakeholders”
Q3 FY26 Segmental Performance (Post IND AS 116)
Branded Textile segment revenue grew by 11% to ₹ 951 Cr in Q3 FY26 vs ₹ 856 Cr in Q3 FY25 mainly on account of robust volume growth, higher wedding dates and increased consumer awareness as compared to the previous year. EBITDA grew by 35% to ₹ 207 Cr in Q3 FY26 as compared to ₹ 154 Cr in Q3 FY25, with EBITDA margin of 21.8% in Q3 FY26 vs 18.0% in Q3 FY25 on account of improved product mix and strong volume growth.
Branded Apparel segment revenue stood at ₹ 482 Cr in Q3 FY26 as compared to ₹ 458 Cr in the same quarter last year, reflecting a growth of 5% 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 ₹ 35 Cr in Q3 FY26 as compared to ₹ 44 Cr in Q3 FY25with an EBITDA margin of 7.3% in Q3 FY26 vs 9.6% in Q3 FY25, on account of increased marketing spends and lower sales achieved in new stores which were opened in the last 12 months.
Our store count at the end of the quarter was 1,675 stores vs. 1,653 stores on December 31, 2024. As our recently opened stores continue to mature and build momentum, we are also actively optimizing our broader network. This ongoing evaluation enables us to maintain a high-performing retail footprint that directly contributes to our long-term financial objectives.
Garmenting segment reported revenue at ₹ 258 Cr in Q3 FY26 as compared to ₹ 309 Cr in the same quarter previous year, reflecting a de-growth of 17% Y-o-Y, on account of continued uncertainty on account of US Tariffs Announcements. The segment reported an EBITDA of ₹ 11 Cr in Q3 FY26 as compared to ₹24 Cr in Q3 FY25, with an EBITDA margin for the quarter was 4.2% in Q3 FY26 vs 7.8% in Q3 FY25, impacted on account of US Tariffs and scale deleverage.
High Value Cotton Shirting segment reported revenue of ₹ 205 Cr in Q3 FY26 as compared to ₹201 Cr in Q3 FY25, a 2% Y-o-Y growth on account of subdued demand. The segment reported an EBITDA of ₹ 23 Cr in Q3 FY26 as compared to ₹21 Cr in Q3 FY25, with an EBITDA margin of 11.1% in Q3 FY26 vs 10.3% in Q3 FY25. This growth was predominantly on account of improved product mix.
Raymond Lifestyle Limited has a net-debt position of ₹ 15 Cr in Q3 FY26.
