{"id":177822,"date":"2026-01-27T04:00:13","date_gmt":"2026-01-27T09:00:13","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=177822"},"modified":"2026-01-27T04:00:15","modified_gmt":"2026-01-27T09:00:15","slug":"raymond-lifestyle-q3-fy26-earnings-results","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/raymond-lifestyle-q3-fy26-earnings-results\/","title":{"rendered":"Raymond Lifestyle Q3 FY26 Earnings Results"},"content":{"rendered":"\n<p>Incorporated in 2024, Raymond Lifestyle Ltd offers fashion products and services with branded textile, apparel brands across formal casual and ethnic wear.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Q3 FY26 Earnings Results <\/strong><\/h2>\n\n\n\n<p>Revenue from Operations \/ Total income:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue from operations at \u20b91,849 crore, up about 5.4% YoY versus \u20b91,754 crore in Q3 FY25; total income around \u20b91,883 crore, implying 5% YoY growth, led by domestic branded textiles and apparel.<\/li>\n<\/ul>\n\n\n\n<p>EBITDA \/ Operating profit:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>EBITDA of about \u20b9271 crore in Q3 FY26, up 23% YoY from roughly \u20b9220 crore in Q3 FY25, with margin expanding to around 14.4% versus 12.3% a year ago, driven by richer product mix and retail optimisation.<\/li>\n<\/ul>\n\n\n\n<p>Profit Before Tax (PBT):<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>PBT of roughly \u20b9118 crore in Q3 FY26, higher by about 36% YoY, reflecting operating leverage despite headwinds in export garmenting and B2B segments.<\/li>\n<\/ul>\n\n\n\n<p>Profit After Tax (PAT) and margins:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Consolidated net profit at \u20b942.86 crore, down 33% YoY from \u20b964.17 crore in Q3 FY25 and down 44% QoQ from \u20b975 crore in Q2 FY26, as higher depreciation\/finance costs and weaker export profitability offset operating gains; implied PAT margin around 2.3% versus 3.7% in Q3 FY25.<\/li>\n<\/ul>\n\n\n\n<p>Segment \/ 9M performance and leverage:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Branded apparel revenue grew about 5% YoY to \u20b9482 crore, though segment EBITDA margin compressed to 7.3% on elevated marketing investments and underperformance of newly opened stores; total store count reached 1,675 as of Q3.<\/li>\n\n\n\n<li>For 9M FY26, total revenue stood near \u20b95,223 crore (up 9% YoY from \u20b94,796 crore), with net income about \u20b9982 crore versus \u20b9831 crore in 9M FY25; basic EPS from continuing operations rose to \u20b916.12 from \u20b913.65.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Management Commentary &amp; Strategic Decisions<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Management and market commentary highlight a \u201c<a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachLive\/ce909425-e823-4c2c-b6cc-37b9948f7a1e.pdf\" target=\"_blank\" rel=\"noopener\">two-speed\u201d quarter<\/a>: robust domestic demand in core lifestyle\/retail (branded textiles and apparel) versus pressure in international business due to steep US tariffs, deferred orders and pricing pressure from overseas buyers, which weighed on profitability despite mid\u2011single\u2011digit topline growth.<\/li>\n\n\n\n<li>The 23% YoY EBITDA growth and 210 bps margin expansion are attributed to mix improvement, store optimisation and tight cost control, even as higher ad and brand\u2011building spends were consciously maintained to drive long\u2011term franchise strength.<\/li>\n\n\n\n<li>Strategic focus areas include:\n<ul class=\"wp-block-list\">\n<li>Continuing to deepen the domestic retail footprint with a calibrated store expansion strategy (1,675 stores vs 1,663+ in Q2), while sharpening performance of recent store additions.<\/li>\n\n\n\n<li>Optimising the portfolio mix towards higher\u2011margin domestic categories and premium products to offset structural volatility in exports.<\/li>\n\n\n\n<li>Maintaining a lean balance sheet with net debt near \u20b915 crore and disciplined working capital to preserve flexibility for brand, distribution and omnichannel investments.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<div style=\"height:34px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Q2 FY26 Earnings Results<\/strong><\/h2>\n\n\n\n<p>Revenue from Operations \/ Total income:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Consolidated revenue from operations at \u20b91,832.4 crore, up 8% YoY versus \u20b91,708.3 crore in Q2 FY25, supported by strong domestic demand in lifestyle and fashion retail; total income for the quarter was about \u20b91,865 crore, also up 8% YoY.<\/li>\n<\/ul>\n\n\n\n<p>EBITDA \/ Operating profit:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>EBITDA of roughly \u20b9259 crore (reporting\/analyst bases), up about 6% YoY, with margin at 13.9% in Q2 FY26 versus around 14.3% in the prior period, indicating a modest 20 bps contraction due to sharply higher advertising and marketing spends (ad\u2011spend at 2.9% of revenue, up 90 bps YoY).<\/li>\n<\/ul>\n\n\n\n<p>Profit After Tax (PAT) and margins:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Consolidated PAT of \u20b975.19 crore in Q2 FY26, up 78.3% YoY from \u20b942.18 crore in Q2 FY25, with implied PAT margin at about 4.1% versus 2.5% a year earlier, reflecting operating leverage from scale and better domestic mix.<\/li>\n<\/ul>\n\n\n\n<p>Standalone snapshot and H1:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Standalone revenue stood at \u20b91,457.4 crore versus \u20b91,315.5 crore in Q2 FY25, while standalone PAT rose to \u20b965.14 crore from \u20b926.14 crore, underscoring stronger profitability in the core domestic lifestyle entity.<\/li>\n\n\n\n<li>Q2 FY26 built on Q1 gains, taking H1 FY26 revenue and earnings meaningfully above the prior year, with commentary pointing to sustained domestic strength even as international headwinds persisted.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Management Commentary Q2<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Management and analyst commentary emphasised that Q2 FY26 was a \u201csteady\u201d quarter where domestic branded textile and apparel growth more than offset softness in international garmenting\/B2B exports, demonstrating the resilience of India\u2011focused lifestyle demand.<\/li>\n\n\n\n<li>Margin compression versus potential was framed as a deliberate choice to step\u2011up advertising and brand\u2011building investment in apparel and retail, aimed at strengthening long\u2011term brand equity and driving higher realisations per store.<\/li>\n\n\n\n<li>Strategic direction reiterated around: scaling the domestic retail network, refining product mix in high\u2011value cotton shirting and apparel, and gradually de\u2011risking export\u2011heavy segments from tariff and demand shocks through diversification and value\u2011added offerings.<\/li>\n<\/ul>\n\n\n\n<p>To view the company\u2019s previous earnings and latest concall transcripts,&nbsp;<a href=\"https:\/\/alphastreet.com\/india\/\">click here<\/a>&nbsp; to visit the Alphastreet India news channel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Incorporated in 2024, Raymond Lifestyle Ltd offers fashion products and services with branded textile, apparel brands across formal casual and ethnic wear. Q3 FY26 Earnings Results Revenue from Operations \/ Total income: EBITDA \/ Operating profit: Profit Before Tax (PBT): Profit After Tax (PAT) and margins: Segment \/ 9M performance and leverage: Management Commentary &amp; [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,85],"tags":[9927],"class_list":["post-177822","post","type-post","status-publish","format-standard","hentry","category-infographics","category-retail-stocks","tag-lifestyle"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":173222,"url":"https:\/\/alphastreet.com\/india\/shoppers-stop-q3-fy26-earnings-results\/","url_meta":{"origin":177822,"position":0},"title":"Shoppers Stop Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"January 21, 2026","format":false,"excerpt":"Shoppers Stop Ltd. is the nation's leading premier retailer of fashion and beauty brands established in 1991.\u00a0It has 800+ Brands under its portfolio and 271 Stores spread across 50 cities in India as of 31st Dec 2022. 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