Raymond Lifestyle Limited · NSE:RAYMONDLSL
Raymond Lifestyle — Q3 FY26 Earnings Presentation
43 slides from Raymond Lifestyle's earnings presentation, Jan 27, 2026
Slide 1: Results Presentation Q3FY26 & 9MFY26
RESULTS PRESENTATION Q3FY26 & 9MFY26 JANUARY 27, 2026
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: Q3FY26 - Performance Snapshot
Q3FY26 - Performance Snapshot TOTAL INCOME EBITDA PBT YoY YoY YoY Q3FY26 ₹ 1,883 Cr. 5% ₹ 271 Cr. 23% ₹ 118 Cr. 36% Margin 14.4% Margin 6.3% FINANCIAL YoY YoY YoY PERFORMANCE 9MFY26 ₹ 5,223 Cr. 9% ₹ 652 Cr. 18% ₹ 201 Cr. 20% Margin 12.5% Margin 3.9% 1,653 Stores 22 (YoY) OPERATING STORE (Dec’24) NET
Slide 5: Q3FY26 Reflection
Q3FY26 Reflection ECONOMY UPDATES • Despite festive season tailwinds, discretionary spending remained uneven across categories • Likely hike in standard deduction may ease tax burden and support urban consumption. MARKET UPDATES • India is preparing for a major overhaul of its import tariff regime i
Slide 6: Q3FY26 Performance Highlights
Q3FY26 Performance Highlights (₹ Cr.) (₹ Cr.) (₹ Cr.) TOTAL INCOME EBITDA & MARGINS (%) PBT & MARGINS (%) Y-o-Y Growth 300 Y-o-Y Growth 15. 0% 140 6.3% 7. 0% 5% 23% 14. 5% 5.8% 120 6. 0% 250 4.9% 14.4% 14. 0% 100 5. 0% 200 13. 5% 80 4. 0% 150 13. 0% 108 13.9% 118 1,883 60 3. 0% 1,796 1,865 12. 5% 10
Slide 7: Q3FY26 and 9MFY26 Performance Highlights
Q3FY26 and 9MFY26 Performance Highlights (₹ Cr.) Net Working Capital* No. of Days 94 89 87 1,702 1,553 1,470 • NWC stood at 94 days in Dec’25 v/s 89 days in Dec’24, mainly due to inventory build up in the expanded retail, distribution network and lower sales in Dec'24 Mar'25 Dec'25 our garmenting bu
Slide 8: Financial Performance
Raymond LIFESTYLE LIMITED FINANCIAL PERFORMANCE
Slide 9: Q3FY26 Performance Highlights
Q3FY26 Performance Highlights Consolidated Performance Particulars (₹ Cr.) Q3FY26 Q2FY26 Q3FY25 YoY 9MFY26 9MFY25 YoY Total Income 1,883 1,865 1,796 5% 5,223 4,780 9% Expenses 1,612 1,606 1,575 4,572 4,228 EBITDA 271 259 221 23% 652 552 18% EBITDA Margin % 14.4% 13.9% 12.3% 12.5% 11.6% Depreciation
Slide 10: Segment Performance (Quarterly)
Segment Performance Quarterly Post IndAS 116 TOTAL INCOME EBITDA EBITDA % Q3 Q3 Q3 Q3 Q3 Q3 Particulars (₹ Cr.) YoY YoY FY26 FY25 FY26 FY25 FY26 FY25 Branded Textile 951 856 11% 207 154 35% 21.8% 18.0% Branded Apparel 482 458 5% 35 44 (20%) 7.3% 9.6% Garmenting 258 309 (17%) 11 24 (55%) 4.2% 7.8% Hi
Slide 11: Segment Performance (Nine Months)
Segment Performance Nine Months Post IndAS 116 TOTAL INCOME EBITDA EBITDA % 9M 9M 9M 9M 9M 9M Particulars (₹ Cr.) YoY YoY FY26 FY25 FY26 FY25 FY26 FY25 Branded Textile 2,604 2,275 14% 498 369 35% 19.1% 16.2% Branded Apparel 1,342 1,202 12% 79 116 (32%) 5.9% 9.7% Garmenting 724 820 (12%) 18 58 (69%)
Slide 12: Segment Performance
Raymond LIFESTYLE LIMITED SEGMENT PERFORMANCE 12
Slide 13: Branded Textile
Branded Textile 13
Slide 14: Branded Textile
Branded Textile Q3 Q2 Q3 9M 9M Particulars (₹ Cr.) YoY YoY FY26 FY26 FY25 FY26 FY25 Revenue 951 937 856 11% 2,604 2,275 14% EBITDA 207 188 154 35% 498 369 35% EBITDA margin 21.8% 20.0% 18.0% 19.1% 16.2% REVENUE Robust volume growth due to a strong wedding & festive season resulting in strong booking
Slide 15: Suiting: New Product Launches
Suiting: New Product Launches 15
Slide 16: Suiting: New Product Launches
Suiting: New Product Launches Premiummulti-directional stretch fabric designed for maximumcomfort. 16
Slide 17: Suiting: New Product Launches
Suiting: New Product Launches Timeless elegance meets modern craftsmanship featuring premium jacketing fabric woven from a luxurious blend of wool, silk,and linen designed to offer year-round comfort and refined style. 17
Slide 18: Shirting: New Product Launches
Shirting: New Product Launches Linovate Stay effortlessly cool and Regio Italia stylish in the scorching ▪ Silk C cotton printed summer with our shirting fabrics ▪ Superfine cotton lightweight, breathable creaseless formal linen jackets — crafted for shirting ▪ Fine linen for comfort, elegance, and
Slide 19: Branded Apparel
Branded Apparel 19
Slide 20: Branded Apparel
Branded Apparel Q3 Q2 Q3 9M 9M Particulars (₹ Cr.) YoY YoY FY26 FY26 FY25 FY26 FY25 Revenue 482 491 458 5% 1,342 1,202 12% EBITDA 35 25 44 (20%) 79 116 (32%) EBITDA margin 7.3% 5.2% 9.6% 5.9% 9.7% REVENUE Growth was witnessed across all brands and key channels such as LFS, EBO’s, MBO’s and online. E
Slide 21: Branded Apparel: New Product Launches
Branded Apparel: New Product Launches 21
Slide 22: Branded Apparel: New Product Launches
Branded Apparel: New Product Launches 22
Slide 23: Park Avenue: New Product Launches
Park Avenue: New Product Launches 23
Slide 24: Exclusive Retail Network
Exclusive Retail Network Continuing expansion of retail footprint TRS MTM EBO Total Stores Exclusive Outlets & Brands Dec'24 1,095 51 507 1,653 Sep'25 1,110 50 503 1,663 Dec'25 1,114 50 511 1,675 24
Slide 25: Ethnix by Raymond
Ethnix by Raymond 25
Slide 26: Our Ethnix Portfolio
Our Ethnix Portfolio WEDDING COLLECTION • Opened 3 stores & closed 1 store in Q3FY26 taking the tally to 141 stores • Smart Ethnix collection – an eclectic design code, defining an array of fusion silhouettes of Short Kurtas, Bundi and Trousers SMART ETHNIX FESTIVE COLLECTION 26
Slide 27: Garmenting
Garmenting 27
Slide 28: Garmenting
Garmenting Q3 Q2 Q3 9M 9M Particulars (₹ Cr.) YoY YoY FY26 FY26 FY25 FY26 FY25 Revenue 258 269 309 (17%) 724 820 (12%) EBITDA 11 15 24 18 58 (69%) EBITDA margin 4.2% 5.4% 7.8% 2.4% 7.0% REVENUE Impacted on account of US tariff uncertainty and weak order book. EBITDA Impacted on account of scale dele
Slide 29: High Value Cotton Shirting
High Value Cotton Shirting 29
Slide 30: High Value Cotton Shirting
High Value Cotton Shirting Q3 Q2 Q3 9M 9M Particulars (₹ Cr.) YoY YoY FY26 FY26 FY25 FY26 FY25 Revenue 205 212 201 2% 621 615 1% EBITDA 23 25 21 9% 67 53 26% EBITDA margin 11.1% 11.8% 10.3% 10.8% 8.6% REVENUE Subdued demand from our B2B customers. EBITDA Growth predominantly on account of improved p
Slide 31: 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 Board by 2030 Rate Committees 25% ZERO Renewable Energy Target by 2030 Fatalities in Workplace Safety ZERO Waste to landfill by
Slide 32: 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 33: 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 34: Raymond Lifestyle - 2.0
Raymond LIFESTYLE LIMITED RAYMOND LIFESTYLE - 2.0 34
Slide 35: 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. 35
Slide 36: 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 that high-quality product offerin
Slide 37: 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 37
Slide 38: 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 38
Slide 39: Leadership & Management Team
LEADERSHIP & MANAGEMENT TEAM 39
Slide 40: Strong Governance with High Pedigree Board Members
Strong Governance with High Pedigree Board Members K. NARASIMHA MURTHY VINEET NAYAR ANISHA MOTWANI GIRISH C. CHATURVEDI Independent Director Independent Director Independent Director Independent Director Ex- Director NSE, ONGC, LIC & UTI Ex- CEO HCL Strategic Advisor, World Bank Ex- Chairman ICICI,
Slide 41: Led by Experienced Management Team
Led by Experienced Management Team SATYAKI GHOSH E C PRASAD VIKRAM MAHALDAR ANUPAM DIKSHIT NEERAJ NAGPAL Chief Executive Officer Chief Financial Officer Chief Business Officer Chief Business Officer Chief Business Officer (Suiting) (Shirting) (Apparel, MTM & TRS) VIPUL MATHUR MANISH BHARATI DEBDEEP
Slide 42: 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 43: Thank You
Thank You REACH US : RLL.IR@Raymond.in