Revenue increased 0.4% quarter-on-quarter to ₹606 crore from ₹603 crore, while EBITDA rose 2.4% to ₹77.3 crore from ₹75.5 crore. EBITDA margin improved to 12.8% in Q1 FY27 from 12.5% in the previous quarter.
The company reported total income of ₹628 crore in the first quarter of FY27, registering 13% year-on-year growth compared with ₹555 crore in Q1 FY26.
Raymond said its performance during the quarter was supported by the Aerospace & Defence and Precision Technology & Auto Components divisions. Similarly, the Precision Technology & Auto Components division saw healthy growth in exports of critical components for the hybrid sector, ensuring healthy operational momentum across the group.
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The Aerospace & Defence business reported revenue of ₹123 crore in Q1 FY27, up 40.4% from ₹87 crore in Q1 FY26. EBITDA for the segment increased 25.4% to ₹26 crore from ₹21 crore.
The segment’s EBITDA margin stood at 21.2% in Q1 FY27 compared with 23.7% in the year-ago period. The company said the margin movement was due to targeted research and development investments required to support revenue expansion.
The business saw increased production for leading global original equipment manufacturers and expansion of its product portfolio. The company said easing supply chain headwinds and expanded capacity supported execution against its multi-year order book.
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The Precision Technology & Auto Components business generated revenue of ₹444 crore in Q1 FY27, rising 11.5% from ₹398 crore in Q1 FY26. EBITDA for the segment grew 45.5% year-on-year to ₹61 crore from ₹42 crore, driven by higher sales and operating leverage. EBITDA margin improved to 13.8% from 10.6% in the corresponding period.
The company said the segment’s margin expansion was supported by volume growth, improved product mix, enhanced operating leverage and targeted cost reduction initiatives.
Raymond said the Precision Technology & Auto Components business maintained growth momentum through export business expansion despite geopolitical headwinds.
The company is pursuing opportunities across new global markets and industrial sectors, leveraging China Plus One opportunities. Raymond said integration synergies and operational efficiencies are supporting business momentum across domestic and global markets.
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Raymond Ltd remained net debt-free, with a net cash surplus of ₹129 crore as of June 2026, providing financial flexibility for future organic and inorganic growth opportunities.
Gautam Hari Singhania, Chairman and Managing Director, Raymond Limited, said, “Q1 FY27 was defined by healthy growth across our core Aerospace, Defence, and Precision Technology segments, maintaining resilience through the quarter.
Our strategy remains clear: we are investing in high-moat sectors where our technical expertise provides a competitive edge. Key operational milestones—keeping our state-of-the-art Andhra Pradesh greenfield facility strictly on schedule—demonstrate our expanding capabilities.
Our priority is to scale at pace with global demand and capture high-margin opportunities that build long-term shareholder wealth.”
Shares of Raymond Ltd ended at ₹609.00, down by ₹17.55, or 2.80%, on the BSE.
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