Revenue from operations stood at ₹1,515.51 crore in Q1 FY27, rising 5.95% year-on-year from ₹1,430.43 crore in Q1 FY26. However, revenue declined 14.69% quarter-on-quarter.
The company said the performance was supported by premiumisation in the domestic business and volume recovery in the Garmenting segment, driven by the US-India tariff rationalisation and implementation of the UK Free Trade Agreement (FTA), which resulted in a strong order book.
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Branded Textile segment
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 company said the overall product mix remained resilient despite inflationary pressures on raw material prices.
Branded Apparel segment
The Branded Apparel segment revenue increased 4% year-on-year to ₹349 crore from ₹335 crore. Casual brands recorded double-digit growth, while large format stores (LFS) and online channels reported high double-digit growth. Segment EBITDA stood at ₹18 crore compared with ₹26 crore in Q1 FY26, with EBITDA margin at 5.1% versus 7.8% due to adverse channel mix.
Garmenting segment
The Garmenting segment reported revenue growth of 50% year-on-year to ₹296 crore from ₹197 crore. EBITDA improved 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 the performance to order book execution following US-India tariff rationalisation and onboarding of new global clients.
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High Value Cotton Shirting
The High Value Cotton Shirting segment reported revenue of ₹195 crore compared with ₹205 crore in Q1 FY26 due to a base effect. EBITDA remained at ₹19 crore, while EBITDA margin improved to 9.7% from 9.1% due to better product mix despite higher raw material prices.
Emerging Business segment
The Emerging Business segment, comprising Ethnix by Raymond, Raymond Home, Park Avenue Innerwear, Chairman’s Collections and Sexual Wellness, reported revenue growth of 9% year-on-year to ₹79 crore from ₹73 crore. The company said it continued its tactical investment strategy for the segment to support long-term growth.
Raymond Lifestyle’s retail network stood at 1,627 stores as of June 2026 compared with 1,675 stores as of June 30, 2025, as the company continued its retail footprint optimisation. The company said recently opened stores continue to mature and build momentum.
Raymond Lifestyle remained debt-free during the quarter, with a net cash surplus of ₹154 crore in Q1 FY27 compared with a net debt position of ₹55 crore in Q1 FY26.
Satyaki Ghosh, Wholetime Director and CEO of Raymond Lifestyle Ltd, said, “Building on our solid foundation from FY26, Q1 FY27 has delivered steady performance marked by strong international traction and sustained domestic demand.
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Our 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. While short-term macroeconomic pressures and elevated raw material costs have weighed on overall margins, our resilient product mix, debt-free balance sheet, and strong net-cash position of ₹154 Cr give us immense operational flexibility.
As we navigate the year ahead, we remain focused on strengthening our brands, innovating on our premium and casual offerings, driving retail maturity, and executing our long-term ESG and digital priorities to create sustainable stakeholder value.”
Shares of Raymond Lifestyle Ltd ended at ₹709.60, down by ₹23.10, or 3.15%, on the BSE.
