Raymond Lifestyle Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹3,047 Cr
- P/E
- 20.43
- ROE
- 1.14%
- Price to sales
- 0.44
- Debt to equity
- 0.23
- 52W high / low
- ₹1,213 / ₹494
- EBITDA margin
- 9.63%
- Net profit margin
- 1.60%
- Promoter holding
- 59.61%
- Sales (last year)
- ₹6,973 Cr
Incorporated in 2024, Raymond Lifestyle Ltd offers fashion products and services with branded textile, apparel brands across formal casual and ethnic wear[1]
Guidance scorecard · Q2 FY27 call
What Raymond Lifestyle Ltd's management guided
and where it ranks in Textiles & Apparels
Textiles & Apparels
RevenueQ1 FY27 call
10–20%- The company aims to at least double its turnover over the next 3-5 years while growing EBITDA faster than topline.
- Revenue growth will be supported by premiumization, geographical expansion (especially reducing reliance on the US by growing UK, Europe, Japan, Korea markets), and casualization with expanding casual wear brands.
- Garmenting business demand is strong with full capacity booked till December; order bookings for Q4 and beyond are robust.
- Retail network optimization will continue with closure of underperforming stores and calibrated new openings to enhance profitability and store productivity.
- Growth is expected from multi-brand outlets, large format stores, e-commerce, and LFS channels, with high double-digit growth in e-commerce and LFS.
2 more points from Raymond Lifestyle Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Raymond Lifestyle Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- The company is currently in an investment mode, focusing on setting up new factories due to growing garmenting demand (5 factories including new ones in Karnataka, Andhra, and Ethiopia).
- New stores are planned to come up, which will initially impact ROCE but are expected to support long-term growth.
- A large transformation project with Kearney India is underway, involving cost rationalization and operational improvements.
- Emphasis on expanding export markets, especially UK and Europe, leveraging new FTAs and geographical diversification.
- The company is looking at expanding its retail network post rationalization of underperforming stores, with new EBO growth phases planned.
2 more points from Raymond Lifestyle Ltd's call on capex
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FundraisingQ1 FY27 call
See what Raymond Lifestyle Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- Raymond Lifestyle’s garmenting order book is full till December 2026, with bookings for Q4 done by end of July.
- Orders for January 2027 onwards are being taken from August 1, indicating a strong forward-looking order pipeline.
- Order books span multiple geographies including US, UK, Europe, Japan, Korea, and Asia.
- Export order visibility is solid, with new clients added in UK and Europe (e.g., Next UK, El Corte Ingles Spain, OVS Italy, Carl Gross Germany, T.M. Lewin UK).
- The company has noted strong demand recovery post US-India tariff rationalization and new FTAs with UK and EU countries.
2 more points from Raymond Lifestyle Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Textiles & Apparels
on management's own guidance
- Strong growth2
- Strong growth1
- Sumeet IndustrieGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Textiles & Apparels companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹560 Cr | 90.6 | |
| 2 | 40%+ | Flat | ₹421 Cr | 27.7 | |
| 3 | Sumeet Industrie | 20–40% | Up 2%+ | ₹751 Cr | 30.3 |
| 4 | 20–40% | Up 2%+ | ₹305 Cr | 20.4 | |
| 5 | 20–40% | Up 0–2% | ₹2,823 Cr | 17.5 | |
| 6 | 20–40% | Up 0–2% | ₹1,225 Cr | 69.7 |
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Pro shows every company guiding 40%+ revenue growth →Full Textiles & Apparels rankingFinancials of Raymond Lifestyle Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Raymond Lifestyle Ltd
Shareholding breakup across reporting periods.
| Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 54.67% | 54.67% | 54.67% | 56.13% | 57.14% | 58.22% | 59.52% | 59.61% | 59.61% |
| FIIs + | 12.63% | 12.34% | 10.51% | 8.78% | 8.97% | 8.71% | 8.69% | 7.32% | 7.00% |
| DIIs + | 7.89% | 7.91% | 7.88% | 7.84% | 7.47% | 6.17% | 5.12% | 5.72% | 4.56% |
| Public + | 24.78% | 25.03% | 26.90% | 27.20% | 26.37% | 26.87% | 26.61% | 27.30% | 28.79% |
| Others + | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% |
| No. of Shareholders | 1,54,304 | 1,50,903 | 1,51,117 | 1,48,782 | 1,46,583 | 1,43,574 | 1,39,894 | 1,38,586 | 1,39,036 |
Financials of Raymond Lifestyle Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,803 | 1,726 | 1,685 | 1,220 | 1,708 | 1,754 | 1,494 | 1,430 | 1,832 | 1,849 | 1,776 | 1,516 | 2,075 |
| Expenses + | 1,543 | 1,443 | 1,438 | 1,160 | 1,493 | 1,575 | 1,481 | 1,353 | 1,606 | 1,612 | 1,658 | 1,426 | 1,855 |
| Operating Profit | 260 | 283 | 246 | 60 | 215 | 180 | 14 | 77 | 226 | 237 | 119 | 90 | 220 |
| OPM % | 14% | 16% | 15% | 4.9% | 13% | 10% | 0.9% | 5% | 12% | 13% | 7% | 6% | 11% |
| Other Income + | 46 | 33 | 149 | 29 | -32 | 41 | 84 | 45 | 28 | -23 | -33 | 45 | 49 |
| Interest | 43 | 44 | 47 | 46 | 53 | 54 | 53 | 57 | 60 | 60 | 55 | 63 | 74 |
| Depreciation | 60 | 60 | 70 | 75 | 76 | 79 | 91 | 89 | 91 | 92 | 98 | 109 | 105 |
| Profit before tax | 203 | 213 | 278 | -32 | 53 | 87 | -47 | -25 | 103 | 62 | -68 | -38 | 91 |
| Tax % | 32% | 24% | 15% | -28% | 20% | 26% | -5% | -20% | 27% | 30% | -24% | -41% | 26% |
| Net Profit + | 139 | 162 | 236 | -23 | 42 | 64 | -45 | -20 | 75 | 43 | -52 | -23 | 68 |
| EPS in Rs | 6.92 | 10.53 | -7.38 | -3.25 | 12.34 | 7.04 | -8.55 | -3.71 | 11.08 |
Financials of Raymond Lifestyle Ltd
Profit & Loss
Annual income statement trend
| Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|
| Sales + | 6,535 | 6,177 | 6,888 | 7,216 |
| Expenses + | 5,599 | 5,693 | 6,210 | 6,550 |
| Operating Profit | 937 | 484 | 678 | 665 |
| OPM % | 14% | 8% | 10% | 9% |
| Other Income + | 2,310 | 119 | 13 | 38 |
| Interest | 196 | 221 | 248 | 253 |
| Depreciation | 246 | 321 | 371 | 405 |
| Profit before tax | 2,805 | 60 | 72 | 46 |
| Tax % | 6% | 36% | 35% | |
| Net Profit + | 2,645 | 38 | 46 | 36 |
| EPS in Rs | 6.27 | 7.58 | 5.86 | |
| Dividend Payout % | 0% | 0% | 13% |
Financials of Raymond Lifestyle Ltd
Balance Sheet
Capital structure and asset base
| Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|
| Equity Capital | 2 | 12 | 12 | 12 |
| Reserves | 9,661 | 9,575 | 9,624 | 9,640 |
| Borrowings + | 1,539 | 2,291 | 2,186 | 2,934 |
| Other Liabilities + | 1,843 | 1,939 | 2,162 | 2,538 |
| Total Liabilities | 13,044 | 13,818 | 13,984 | 15,123 |
| Fixed Assets + | 7,469 | 7,727 | 7,685 | 7,692 |
| CWIP | 79 | 158 | 141 | 164 |
| Investments | 900 | 966 | 1,037 | 910 |
| Other Assets + | 4,596 | 4,966 | 5,121 | 6,358 |
| Total Assets | 13,044 | 13,818 | 13,984 | 15,123 |
Financials of Raymond Lifestyle Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Cash from Operating Activity + | 38 | 404 | 546 |
| Cash from Investing Activity + | 1,305 | -281 | -127 |
| Cash from Financing Activity + | -1,403 | 60 | -448 |
| Net Cash Flow | -60 | 183 | -28 |
| Free Cash Flow | 2,159 | 188 | 366 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 8% | 72% | 86% |
Financials of Raymond Lifestyle Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Debtor Days | 52 | 54 | 50 |
| Inventory Days | 216 | 231 | 217 |
| Days Payable | 157 | 174 | 165 |
| Cash Conversion Cycle | 111 | 111 | 102 |
| Working Capital Days | 30 | 15 | 17 |
| ROCE % | 3% | 4% |
Guidance history
How Raymond Lifestyle Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | Planned | — | Rising |
| Q4 FY26 call → | 10–20% | Flat | Planned | — | Rising |
| Q3 FY26 call → | 10–20% | Flat | Planned | — | Flat |
| Q2 FY26 call → | 10–20% | — | — | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
1 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −58.8% | 2% |
| Last 6 months | −37.0% | 4% |
| Last 3 months | −31.6% | 3% |
The price is 81.6% below its all-time high of ₹2,725.55 (6 Sept 2024). Stocks more than 20% below their peak have their score halved, so 3 became 1.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Raymond Lifestyle Ltd: 0.4 × 2 + 0.4 × 4 + 0.2 × 3 = 3, halved to 1 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Raymond Lifestyle Ltd's management said in earlier quarters
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