New Delhi, May 12 – Raymond Lifestyle reported a consolidated net loss of Rs 44.95 crore for the March quarter (Q4 FY25), citing weakened consumer demand and operational disruptions due to a ransomware attack. The company had posted a net profit of Rs 235.58 crore in the same quarter last year.
Revenue Declines on Weaker Consumer Sentiment
Revenue from operations fell 11.3 per cent year-on-year to Rs 1,494.15 crore in Q4 FY25, compared to Rs 1,684.55 crore in the year-ago period. The decline in revenue and profitability was attributed to high inflation, reduced consumer spending, and a ransomware incident that disrupted the company’s supply chain and systems."EBITDA stood at Rs 99 crore with a margin of 6.3 per cent in Q4 FY25, impacted by scale deleverage and adverse macroeconomic factors," the company stated. Total expenses during the quarter rose 4.45 per cent to Rs 1,625.08 crore.
Segment-Wise Performance
The textile segment, comprising Raymond's branded fabric business, witnessed a 21 per cent decline in revenue, falling to Rs 727.35 crore. The company attributed this drop to subdued demand and the effects of the ransomware attack.Revenue from the branded apparel segment dropped 4.26 per cent to Rs 391.2 crore. The segment’s EBITDA margin plummeted to 0.4 per cent from 13.5 per cent in the previous year due to higher investments in store expansion and an adverse channel mix.
The garmenting segment remained largely flat at Rs 248 crore as global customers adopted a cautious approach ahead of potential US tariff changes.
FY25 Full-Year Performance
For the financial year ended March 31, 2025, Raymond Lifestyle posted a profit of Rs 38.19 crore. Total consolidated income for FY25 was down 5 per cent to Rs 6,689.80 crore.Executive Chairman Gautam Singhania commented, “Our performance this year was under pressure, primarily due to weak consumer demand and challenging macro-economic conditions. Despite these headwinds, we remain committed to our retail expansion strategy.”
The company expanded its retail footprint by opening 170 new stores during the year, taking the total to 1,688 stores. This includes 152 outlets of its ethnic wear brand ‘Ethnix by Raymond’.
Market Reaction
Raymond Lifestyle, which was demerged from Raymond Ltd and listed on September 5 last year, saw its shares close 4.49 per cent higher at Rs 1,001 on the BSE.The company’s brand portfolio includes Park Avenue, ColorPlus, Parx, Raymond Made to Measure, Raymond Ready to Wear, Sleepz by Raymond, and Ethnix by Raymond.