Raymond Lifestyle Limited reported a steady performance in the third quarter ended December 31, 2025, led by strong domestic consumption across its core lifestyle categories, even as global trade headwinds weighed on exports.
The company’s total income rose 5 per cent year-on-year to ₹1,883 crore in Q3FY26, compared to ₹1,796 crore in the same period last year. On a sequential basis, income remained largely flat against ₹1,865 crore in Q2FY26, according to its regulatory filing on Tuesday.
EBITDA for the quarter grew 23 per cent YoY to ₹271 crore from ₹221 crore in Q3FY25, driven by higher volumes, improved product mix and operational efficiencies. EBITDA margin expanded to 14.4 per cent in Q3FY26 from 12.3 per cent a year ago.
As per the BSE filing, its profit before tax (before exceptional items) stood at ₹118 crore, registering a 36 per cent YoY growth from ₹87 crore in Q3FY25. PBT margin improved to 6.3 per cent from 4.9 per cent in the year-ago quarter.
For the nine months ended December 2025, Raymond Lifestyle posted total income of ₹5,223 crore, up 9 per cent from ₹4,780 crore in the corresponding period last year. EBITDA rose 18 per cent to ₹652 crore, with margins improving to 12.5 per cent from 11.6 per cent. PBT for the nine-month period increased 20 per cent to ₹201 crore.
Segment performance
The Branded Textile segment continued to be the key growth driver, with revenue rising 11 per cent YoY to ₹951 crore in Q3FY26, aided by strong volume growth, higher wedding demand and increased consumer traction. Segment EBITDA surged 35 per cent to ₹207 crore, while margins improved to 21.8 per cent from 18 per cent a year ago.The Branded Apparel segment reported revenue of ₹482 crore, up 5 per cent YoY. Growth was seen across brands and channels including large format stores, exclusive brand outlets, multi-brand outlets and online platforms. However, EBITDA declined to ₹35 crore from ₹44 crore in Q3FY25, with margins contracting to 7.3 per cent due to higher marketing spends and lower initial throughput at recently opened stores.
The Garmenting segment remained under pressure amid uncertainty around US tariff announcements. Revenue declined 17 per cent YoY to ₹258 crore, while EBITDA fell to ₹11 crore from ₹24 crore a year ago. EBITDA margin contracted to 4.2 per cent from 7.8 per cent, impacted by scale deleverage and export-related challenges.
The High Value Cotton Shirting segment reported a marginal 2 per cent YoY revenue growth to ₹205 crore. EBITDA improved to ₹23 crore from ₹21 crore in Q3FY25, with margin expansion to 11.1 per cent, driven by a better product mix.
As of December 31, 2025, Raymond Lifestyle operated 1,675 stores, compared to 1,653 stores a year ago. The company said it continues to rationalise and optimise its retail footprint while allowing new stores to mature.
Raymond Lifestyle ended the quarter with a net debt of ₹15 crore, maintaining a largely debt-neutral balance sheet.
Commenting on the performance, Gautam Hari Singhania, Executive Chairman, Raymond Lifestyle Limited, said the company’s resilience was anchored in strong domestic growth, while global headwinds were being addressed through strategic trade and sourcing initiatives.>
