Raymond Lifestyle Limited · NSE:RAYMONDLSL
Raymond Lifestyle — Q2 FY2026 Earnings Presentation
45 slides from Raymond Lifestyle's earnings presentation, Oct 29, 2025
Slide 1: Results Presentation Q2FY26 & H1FY26
RESULTS PRESENTATION Q2FY26 & H1FY26 | October 29, 2025
Slide 2: Table of Contents
Table of Contents 01 Highlights 03-07 02 Financial Performance 08-11 03 Segment Performance 12-35 04 Raymond Lifestyle – 2.0 36-40 05 Leadership & Management Team 41-43 2
Slide 3: Highlights
Raymond LIFESTYLE LIMITED
Slide 4: Q2FY26 - Performance Snapshot
Q2FY26 - Performance Snapshot TOTAL INCOME EBITDA PBT YoY YoY YoY Q2FY26 ₹ 1,865 Cr. 8% ₹ 259 Cr. 7% ₹ 108 Cr. (4%) FINANCIAL Margin 13.9% Margin 5.8% YoY YoY YoY PERFORMANCE H1FY26 ₹ 3,340 Cr. 12% ₹ 381 Cr. 15% ₹ 83 Cr. 3% Margin 11.4% Margin 2.5% 1,592 Stores 71 (YoY) OPERATING STORE (Sep’24) NET
Slide 5: Q2FY26 Reflection
Q2FY26 Reflection ECONOMY UPDATES • Discretionary spending continues to be impacted primarily due to mixed demand • Tax relief (revised rates for Income tax & GST) to release disposable income and uplift urban demand MARKET UPDATES • Geopolitical tensions and US Tariffs concerns continued to remain
Slide 6: Q2FY26 Performance Highlights
Q2FY26 Performance Highlights (₹ Cr.) (₹ Cr.) (₹ Cr.) TOTAL INCOME EBITDA & MARGINS (%) PBT & MARGINS (%) Y-o-Y Growth Y-o-Y Growth 300 16. 0% 120 7. 0% 8% 7% 14. 0% 6.5% 6. 0% 5.8% 100 13.9% 250 13.9% 12. 0% 80 5. 0% 200 4. 0% 10. 0% 112 60 108 3. 0% 150 8. 0% 1,865 242 259 1,735 40 2. 0% 8.2% 6. 0
Slide 7: Q2FY26 and H1FY26 Performance Highlights
Q2FY26 and H1FY26 Performance Highlights (₹ Cr.) Net Working Capital* No. of Days 105 97 1,870 90 1,692 • NWC stood at 105 days in Sep’25 v/s 97 1,578 days in Sep’24, mainly due to inventory build up in the expanded retail and distribution network for the festive Sep'24 Jun'25 Sep'25 season & weddin
Slide 8: Financial Performance
Raymond LIFESTYLE LIMITED FINANCIAL PERFORMANCE
Slide 9: Q2FY26 Performance Highlights
Q2FY26 Performance Highlights Consolidated Performance Particulars (₹ Cr.) Q2FY26 Q1FY26 Q2FY25 YoY H1FY26 H1FY25 YoY Total Income 1,865 1,475 1,735 8% 3,340 2,984 12% Expenses 1,606 1,353 1,493 2,960 2,654 EBITDA 259 122 242 7% 381 331 15% EBITDA Margin % 13.9% 8.2% 13.9% 11.4% 11.1% Depreciation 9
Slide 10: Segment Performance - Quarterly
Segment Performance Quarterly Post IndAS 116 TOTAL INCOME EBITDA EBITDA % Q2 Q2 Q2 Q2 Q2 Q2 Particulars (₹ Cr.) YoY YoY FY26 FY25 FY26 FY25 FY26 FY25 Branded Textile 937 854 10% 188 161 16% 20.0% 18.9% Branded Apparel 491 441 11% 25 57 (56%) 5.2% 13.0% Garmenting 269 260 4% 15 25 (41%) 5.4% 9.6% Hig
Slide 11: Segment Performance - Half Yearly
Segment Performance Half Yearly Post IndAS 116 TOTAL INCOME EBITDA EBITDA % H1 H1 H1 H1 H1 H1 Particulars (₹ Cr.) YoY YoY FY26 FY25 FY26 FY25 FY26 FY25 Branded Textile 1,653 1,419 17% 290 215 35% 17.6% 15.2% Branded Apparel 861 744 16% 44 72 (39%) 5.1% 9.7% Garmenting 466 512 (9%) 7 34 (80%) 1.5% 6.
Slide 12: Segment Performance
Raymond LIFESTYLE LIMITED SEGMENT PERFORMANCE 12
Slide 13: Branded Textile
Branded Textile 13
Slide 14: Branded Textile
Branded Textile Q2 Q1 Q2 H1 H1 Particulars (₹ Cr.) YoY YoY FY26 FY26 FY25 FY26 FY25 Revenue 937 716 854 10% 1,653 1,419 17% EBITDA 188 103 161 16% 290 215 35% EBITDA margin 20.0% 14.3% 18.9% 17.6% 15.2% REVENUE Higher on on account of robust volume growth, early festive onset and strong bookings as
Slide 15: Suiting: New Product Launches
Suiting: New Product Launches VENIZO A premium wool-rich collection crafted with a luxurious super 130s, ROYAL SOFT 70/30 blend. Designed for 100 years legacy with 100 both youth and men. shades of winter wear Experience elegance, feel jacketing. Offered in pure the difference. wool super 70s, the r
Slide 16: Suiting: New Product Launches
Suiting: New Product Launches SUPER LUXE Finest Wool Rich fabric in SUPER 200s, 70/30. The collection is a perfect way to add a touch of elegance and sophistication to your DRAPE CODE wardrobe. Crafted from Bio polished SUPER 140s and 120s Merino wool, Which enhances its natural finesse and easy-car
Slide 17: Shirting: New Product Launches
Shirting: New Product Launches WOOLVANCE WOOLVANCE WHY WOOL? DENIGMA WHY WOOL? “Crafted from natural fibers for WHAT'S UNIQUE? unmatched comfort, breathability, and effortless style—perfect “Crafted from natural for bothfor fibers formal “Denigma delivers the perfect blend of and casual wear, across
Slide 18: Branded Apparel
Branded Apparel 18
Slide 19: Branded Apparel
Branded Apparel Q2 Q1 Q2 H1 H1 Particulars (₹ Cr.) YoY YoY FY26 FY26 FY25 FY26 FY25 Revenue 491 370 441 11% 861 744 16% EBITDA 25 19 57 (56%) 44 72 (39%) EBITDA margin 5.2% 5.0% 13.0% 5.1% 9.7% REVENUE Growth was witnessed across all brands and key channels such as LFS, EBO’s, MBO’s and online. EBIT
Slide 20: Our Brands
Rw P arx Pe ae PARK AVENUE PARK AVENUE J 20
Slide 21: Park Avenue: Tech Meets Style
Park Avenue: Tech Meets Style 21
Slide 22: Colour Plus: Corduroy
Colour Plus: Corduroy 22
Slide 23: Exclusive Retail Network
Exclusive Retail Network Continuing expansion of retail footprint TRS MTM EBO Total Stores Exclusive Outlets & Brands Sep'24 1083 46 463 1,592 Jun'25 1105 54 516 1,675 Sep'25 1110 50 503 1,663 23
Slide 24: Ethnix by Raymond
Ethnix by Raymond 24
Slide 25: Our Ethnix Portfolio
Our Ethnix Portfolio WEDDING COLLECTION • Opened 3 stores & closed 4 stores in Q2FY26 taking the tally to 139 stores • Newly Launched Smart Ethnix collection – an eclectic design code, defining an array of fusion silhouettes of Short Kurtas, Bundi and Trousers SMART ETHNIX FESTIVE COLLECTION 25
Slide 26: Garmenting
Garmenting 26
Slide 27: Garmenting
Garmenting Q2 Q1 Q2 H1 H1 Particulars (₹ Cr.) YoY YoY FY26 FY26 FY25 FY26 FY25 Revenue 269 197 260 4% 466 512 (9%) EBITDA 15 (8) 25 7 34 (80%) EBITDA margin 5.4% (3.9%) 9.6% 1.5% 6.6% REVENUE Impacted on account of US tariff uncertainty and weak order book EBITDA Impacted on account of scale delever
Slide 28: High Value Cotton Shirting
High Value Cotton Shirting 28
Slide 29: High Value Cotton Shirting
High Value Cotton Shirting Q2 Q1 Q2 H1 H1 Particulars (₹ Cr.) YoY YoY FY26 FY26 FY25 FY26 FY25 Revenue 212 205 228 (7%) 416 414 1% EBITDA 25 20 22 13% 44 32 37% EBITDA margin 11.8% 9.5% 9.7% 10.7% 7.8% REVENUE Subdued demand from our B2B customers. EBITDA Growth predominantly on account of improved
Slide 30: The Complete Man - Wedding Campaign
The Complete Man - Wedding Campaign 30
Slide 31: The Raymond Shop - Brand Campaign
The Raymond Shop - Brand Campaign 31
Slide 32: Shirting Campaign
Shirting Campaign 32
Slide 33: Well Defined ESG Goals
Well Defined ESG Goals ENVIRONMENT (E) SOCIAL (S) GOVERNANCE (G) 15% Single-Digit 100% Reduction in Scope Independent 1 & 2 GHG Emissions Employee Turnover Directors on all by 2030 Rate Board Committees 25% ZERO Renewable Energy Target by 2030 Fatalities in Workplace Safety ZERO Waste to landfill by
Slide 34: Q2FY26 Performance
Q2FY26 Performance “Our quarterly performance reflects encouraging momentum driven by a strong domestic demand across core lifestyle categories. Even as we navigate global macroeconomic headwinds, we remain focused on agility and strategic foresight— closely tracking opportunities from the UK- India
Slide 35: FY26 Way Forward
FY26 Way Forward Festive season likely to drive strong bookings in Branded Textiles; expecting robust Focus on profitability volume growth improvements led by operating leverage and enhancing efficiencies Continue increased marketing spends during festive season for improved brand visibility Calibra
Slide 36: Raymond Lifestyle - 2.0
Raymond LIFESTYLE LIMITED RAYMOND LIFESTYLE - 2.0 36
Slide 37: Vision
Vision To be the leading FASHION & LIFESTYLE company with loved brands, fashion first approach and a delightful consumer experience to deliver superior stakeholder value. 37
Slide 38: Values
Values INNOVATION • We have been crafting world-class product offerings over the years. • We will invest behind product and process innovation to drive disruptive growth. QUALITY CONSUMER DELIGHT We are recognized for our Consumers delight is the heart of everything high-quality product offerings an
Slide 39: Strategic Approach
Strategic Approach BUILD THE STRENGTHEN ACCELERATE “NEW THE “CORE” THE “GROWTH” CATEGORIES” Branded Branded Apparel • Ethnic Wear & Garmenting • Inner Wear Textile • Sleep Wear 39
Slide 40: Raymond Lifestyle - 2.0 Growth Drivers
Raymond Lifestyle - 2.0 Growth Drivers 1 2 India’s Largest Retail Wedding & Expansion Ceremonial Attire Brand 2.0 4 3 Garmenting: New Growth Capitalize on Vectors: China+1 and FTA Ethnic, Sleepwear and Innerwear RAYMOND - THE COMPLETE MAN 40
Slide 41: Leadership & Management Team
LEADERSHIP & MANAGEMENT TEAM 41
Slide 42: Strong Governance with High Pedigree Board Members
Strong Governance with High Pedigree Board Members K. NARASIMHA MURTHY VINEET NAYAR ANISHA MOTWANI Independent Director Independent Director Independent Director Ex- Director NSE, ONGC, LIC & UTI Ex- CEO HCL Strategic Advisor, World Bank DINESH LAL GIRISH C. CHATURVEDI RAJIV SHARMA Independent Direc
Slide 43: Led by Experienced Management Team
Led by Experienced Management Team VIKRAM MAHALDAR ANUPAM DIKSHIT NEERAJ NAGPAL VIPUL MATHUR Chief Business Officer Chief Business Officer Chief Business Officer Chief Business Officer (Suiting) (Shirting) (Apparel, MTM & TRS) (Home & Ethnix) MANISH BHARATI DEBDEEP SINHA MLN PATNAIK RAVI HUDDA Chief
Slide 44: Disclaimer
Disclaimer The particulars of this presentation contain statements related but not limited to revenues, financial results and supplemental financial information which has been compiled by the management, not to be construed as being provided under any legal or regulatory requirement and are not inte
Slide 45: Thank You
Thank You REACH US : RLL.IR@Raymond.in