Raymond Lifestyle Limited Reports Q3 FY25 Results Amidst Weak Consumer Demand

Mumbai, January 30, 2025 – Raymond Lifestyle Limited has announced its unaudited financial results for the third quarter (Q3 FY25) and the nine months ended December 31, 2024.

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Key Financial Highlights (Consolidated)​

Quarterly Performance (Q3 FY25 vs. Q3 FY24)​

• Total Income: ₹1,796 crore, up by 2%
• EBITDA: ₹221 crore, down 30%
• EBITDA Margin: 12.3%
• Profit Before Tax (PBT, before exceptional items): ₹87 crore, down 59%
• PBT Margin: 4.9%

Nine-Month Performance (9M FY25 vs. 9M FY24)​

• Total Income: ₹4,780 crore, down 4%
• EBITDA: ₹552 crore, down 31%
• EBITDA Margin: 11.5%
• Profit Before Tax (PBT, before exceptional items): ₹168 crore, down 65%
• PBT Margin: 3.5%

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Segment-Wise Performance​

Branded Textile​

• Revenue: ₹856 crore in Q3 FY25, down 6%
• EBITDA Margin: 18.0%

Branded Apparel​

• Revenue: ₹458 crore in Q3 FY25, up 5%
• EBITDA Margin: 9.6%

Garmenting​

• Revenue: ₹309 crore in Q3 FY25, up 18%
• EBITDA Margin: 7.8%

High-Value Cotton Shirting​

• Revenue: ₹201 crore in Q3 FY25, down 6%
• EBITDA Margin: 10.3%

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Corporate Developments & Strategic Initiatives​

• Retail Expansion: Opened 61 new stores in Q3 FY25, totaling 1,653 stores across India.
• New Category Launch: Expanded into the Innerwear segment with Park Avenue Innerwear.
• Debt Position: Successfully reclaimed net debt-free status.

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Management Commentary​

"Q3FY25 continued to be a challenging quarter for our business. Despite weaker market conditions, our efforts have resulted in low single-digit revenue growth. Our continued focus on retail expansion led to opening of 135 new stores this fiscal year, including 143 'Ethnix by Raymond' stores. During the quarter, we expanded into the Innerwear Category by launching Park Avenue Innerwear. Our focus remains on building a long-term sustainable and profitable business," said the Managing Director.

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Outlook​

Despite headwinds in consumer demand, Raymond Lifestyle Limited remains committed to expanding its retail presence, strengthening brand equity, and improving operational efficiencies. The company is poised for long-term sustainable growth through strategic product launches, increased store expansion, and operational cost optimizations.