Raymond Realty Limited · NSE:RAYMONDREL
Raymond Realty — Q1 FY26 Earnings Presentation
43 slides from Raymond Realty's earnings presentation, Aug 5, 2025
Slide 1: Exchange filing cover letter
RAYMOND REALTY LIMITED RRL/SE/25-26/07 August 05, 2025 To, The Department of Corporate Services – CRD, National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, 5th Floor, P.J. Towers, Dalal Street, Bandra-Kurla Complex, Mumbai - 400 001. Bandra (East), Mumbai - 400 051. Scrip Code: 544
Slide 2: Q1FY26 Results Presentation
Q1FY26 RESULTS PRESENTATION 5th August 2025
Slide 3: Table of Contents
Table of Contents 1 Industry Overview 3-5 4 Financials 19-26 2 Business Overview 6-8 5 Management Team 27-31 3 Portfolio Overview 9-18 6 Annexures 32-44
Slide 4: Industry Overview
| Industry Overview RAYMON|REALty
Slide 5: India's Real Estate Market Size
India’s Real Estate Market Size Primary Residential Primary Commercial Resale 19% Real Estate Market Size 17% 7.2% ₹ 22.5 Of GDP Trillion 64% Primary Residential market is the larger portion with value of ~ ₹ 14 trillion Source:- Liases Foras, CREDAI (Jan 2024 to Dec 2024) 4
Slide 6: Top 8 Cities Sales
Top 8 Cities Sales TOP CITIES & % SHARE OF SALES VALUE* Housing Sales* Sales Value* MMR , 23% ~500,000 ₹7 unit trillion NCR , 26% YoY* ▼6% YoY* ▲11% Hyderabad , 15% Bangalore , 14% Pune , 9% Ahmedabad , 7% Mumbai : Primary market sales value is ~ ₹ 1.6 Trillion Chennai , 3% Kolkata , 3% *12-month sa
Slide 7: Business Overview
| Business Overview RAYMON|REALty
Slide 8: Raymond Realty: Our Journey and Growth
Raymond Realty: Our Journey and Growth First JDA Project FINANCIAL GROWTH The Address by GS - Bandra Launched (FY2020 & FY2025) Invictus by GS launched FY2020 FY2025 Address by GS Season 2 launched (1 ONGOING (6 ONGOING Growth PROJECT) PROJECTS) 2024 49% sold Booking 3rd Project Value ₹7 bn ₹ 23 bn
Slide 9: Fast Growth with Good Return
Fast Growth with Good Return Years to 20 Billion Topline & ROCE Achieved* Raymond Realty 6 Years @26% ROCE Top 7 Peers 19 to 60 Years @ 6 to 18 % ROCE * ROCE (Return on Capital employed) is for Fiscal year ending March 2025 8 Source:- Screener.com and Financial results
Slide 10: Portfolio Overview
| Portfolio Overview RAYMON|REALty
Slide 11: Brand Portfolio: Creating Product Brands in a Commoditized Industry
Brand Portfolio: Creating Product Brands in a Commoditized Industry Aspirational Premium Luxury 10
Slide 12: Approach to Business
Approach to Business JDA Led Capital Light Business Model Manufacturing Mindset Operational Annual Growth ROCE Intensity ~20% ~20% Geographical Focus: MMR/ Pune 11
Slide 13: Leading the Market: Key Achievements & Enablers
Leading the Market: Key Achievements & Enablers Amongst Top 10 Portfolio in Aspirational to Listed Developers in Country Premium Segment Strong Promoter Commitment Amongst Top 5 Delivered 5 Towers years Listed Developers in MMR* Ahead of RERA Timeline Strong Execution Team Every 3rd House Sold in Th
Slide 14: Shape & Size of the Current Portfolio
Shape & Size of the Current Portfolio OWN LAND JDA LED BUSINESS MODEL (~100 Acre) Asset Light Expansion ₹140 bn.+ AREA UNDER FURTHER POTENTIAL Launched To be Launched Development Development ~60 Acre The Address ~40 Acre by GS ~7.4* mn sq.ft. RERA MAHIM -1 SION BANDRA -2 WADALA MAHIM -2 ~4.0* mn sq.
Slide 15: Upcoming Infrastructure in Thane
Upcoming Infrastructure in THANE 14
Slide 16: Shape & Size of the Current Portfolio – Thane Land
Shape & Size of the Current Portfolio – THANE LAND OWN LAND in THANE (~100 Acre) with a Potential Revenue of ~ ₹25,000 Cr CURRENT DEVELOPMENT POTENTIAL DEVELOPMENT RERA CARPET AREA RERA CARPET AREA ~4.0 MN SQ.FT . ~7.4 MN SQ.FT . Potential Revenue Potential Revenue ~ ₹ 9,000 Cr ~ ₹ 16,000 Cr DELIVER
Slide 17: Future Project Trajectory
Future Project Trajectory Launches planned for the year 2025-26 THANE • 2 New Projects on own land - Thane • 3 to 4 New JDA Projects - Mumbai BANDRA 1 BANDRA 2 MAHIM 1 • JDA projects expected to be 50% of annual MAHIM 2 presales within two years. SION WADALA ( Map Not to Scale) 16
Slide 18: Constructing Success: Summarising the Strategy
Constructing Success: Summarising the Strategy Continued focus on MMR/ Pune Market Annual Growth ~20% JDA Led Capital Light Business Model ROCE ~20% Creating product brands Operational Intensity 17
Slide 19: ESG (Environment, Social, and Governance)
ESG (Environment, Social, and Governance) ENVIRONMENT (E) SOCIAL (S) GOVERNANCE (G) ✓ Ensured that no operations or ✓ Zero Fatalities reported for 5 years ✓ Board members with rich and diverse construction occur in ecologically ✓ Women-Brigade Initiative to empower experience, safeguarding & ensurin
Slide 20: Financials
| Financials RayMond |rearty
Slide 21: Like-to-Like comparison - Post Demerger
Like-to-Like comparison - Post Demerger Q1FY26 In ₹ Crores Q1 Q4 * Q1 * Profit & Loss Statement YoY Change FY26 FY25 FY25 Revenue from operations 374 766 488 (23%) Other income 18 4 11 Total Income 392 771 498 (21%) Expenses 370 616 450 EBITDA 41 170 67 (39%) EBITDA Margin % 10.5% 22.1% 13.5% Deprec
Slide 22: Operational Cashflow for Growth
Operational Cashflow for Growth In ₹ Crores Monetisation Progress of Launched Projects Total Gross Debt - ₹ 380 Pending Collection from Sold Inventories 2,639 Estimated Value of Unsold Inventory 2,111 Gross Cash - ₹ 613 Total Estimated Collection 4,750 Remaining Estimated Project Cost 2,516 Net Cash
Slide 23: Strong Execution Track Record
Strong Execution Track Record In ₹ Crores 4 Yr CAGR – No. of Bookings 4 Yr CAGR – Booking Value 22% 55% 2,249 2,314 1,354 1,003 1,609 938 701 963 455 399 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 4 Yr CAGR – Reported Revenue 4 Yr CAGR – Customer Collections 101% 2313 64% 1,887 1,551 1593 1,2
Slide 24: Management Team
| Management Team RAYMON|REALty
Slide 25: Raymond Group Led by Gautam Hari Singhania
Raymond Group Led by “The future lies in imagining the unimaginable!!! At Reimagined Raymond, We aspire to achieve just the same. We aim to create not just offerings but an organization built for the future.” GAUTAM HARI SINGHANIA Chairman
Slide 26: Board Members
Board Members KUMMAMURI NARASIMHA HARMOHAN SAHNI MURTHY GAUTAM TRIVEDI Managing Director Independent Director Non - Executive Director 30+ years of experience in the Real Estate & 40+ years of Finance & Governance 30+ years of experience in Investment Core Sectors. experience across public & private
Slide 27: Our Leadership Team
Our Leadership Team HARMOHAN SAHNI SANDEEP MAHESHWARI ANKUR JINDAL Managing Director Chief OperatingOfficer Chief FinancialOfficer A qualified CharteredAccountant withover30 A qualified Civil Engineer & MBA with over 35 A qualified CharteredAccountant with over24 years of formidable experience in Re
Slide 28: Our Leadership Team
Our Leadership Team SHILPA SHINDE KHOJESHWAR KAUSHIK ULHAS BHOSALE Head - Design Development Head - Contracts & Procurement Head - Legal A qualified Architect with over 20 years of A qualified Civil Engineer & MBA in Finance, A qualified lawyerwithover25 years of experience experience across Residen
Slide 29: Annexures
Annexures 1. Project Details - (Page 33-40) 2. Booking Update of Ongoing Projects - (Page 41-43) 3. Listing Debut – (Page 44) 28
Slide 30: Project Details
Project Details ASPIRATIONAL PREMIUM LUXURY
Slide 31: Aspirational – Ten X Habitat (Thane)
Aspirational – Ten X Habitat (Thane) KEY HIGHLIGHTS: • 5-acre landscape • 50,000+ sq.ft. clubhouse • 45+ Amenities • Cross ventilation PROJECT STATUS: • Tower 1st to 8th OC received, possession in progress • Tower 9th & 10th Internal finishing & Lift installation in progress Total Rera Carpet Area:
Slide 32: Aspirational – Ten X Era (Thane)
Aspirational – Ten X Era (Thane) KEY HIGHLIGHTS: • Centrally located, next to Viviana Mall • 26,500 sq.ft. Clubhouse • 40+ indoor and outdoor amenities • Efficiently planned 2 and 3 bed Vaastu compatible homes PROJECT STATUS: • Tower (A) - 9th floor slab WIP • Tower (B) – 23rd floor slab WIP • Tower
Slide 33: Premium – The Address by GS-S1 (Thane)
Premium – The Address by GS-S1 (Thane) KEY HIGHLIGHTS: • 1.4 acres of landscape • Premium 3, 4, 5 & 6 bed apartment • Clubhouse 45,000 sq.ft. • Host of amenities & clubhouse PROJECT STATUS: • Tower (A) - External & internal finishing & MEP WIP • Tower (B) – External & internal finishing & MEP WIP To
Slide 34: Premium – The Address by GS-S2 (Thane)
Premium – The Address by GS-S2 (Thane) KEY HIGHLIGHTS: • Premium 3, 4, 5 & 6 bed apartments with expansive decks • Podium top landscape amenities • ~85,000 sq.ft. of High Street Retail PROJECT STATUS: • Tower (C) - 12th floor slab WIP • Tower (D) – 6th floor slab WIP • Tower (E) - Substructure WIP T
Slide 35: Premium, JDA Project – The Address by GS (Bandra)
Premium, JDA Project – The Address by GS (Bandra) KEY HIGHLIGHTS: • Opulent 2, 3 & 4 BHK apartments with Private Sundeck. • Portuguese-inspired architecture and landscape design. • 30+ landscape & clubhouse amenities PROJECT STATUS: • Towers A – B3 foundation WIP • Towers B – Tower footprint complet
Slide 36: Luxury – Invictus by GS (Thane)
Luxury – Invictus by GS (Thane) KEY HIGHLIGHTS: • 4.5 - Bed homes spaces • Exclusive Tower Amenities • ~85,000 sq.ft. of High Street Retail PROJECT STATUS: • 7th floor slab WIP Total Rera Carpet Area: ~0.2 msf % Sold: ~75% 35
Slide 37: Commercial Retail – Park Avenue (Thane)
Commercial Retail – Park Avenue (Thane) Total Rera Carpet Area: ~0.08 msf % Sold: ~58% 36
Slide 38: Existing Projects Booking Update
Existing Projects Booking Update 10 Towers with Project Till Particulars Q1FY25 Q4FY25 Q1FY26 RERA Carpet Area Date ~1.7 Mn sq.ft. No of Bookings 67 57 23 3,060 % RERA Carpet Area* 0.04 0.03 0.01 1.67 UNITS SOLD Total Units Planned: & Value of Bookings (Cr.) 84 66 29 3,334 & ~99% 3,103 Customer Coll
Slide 39: Existing Projects Booking Update
Existing Projects Booking Update 02 towers with Project Till Particulars Q1FY25 Q4FY25 Q1FY26 RERA Carpet Area Date ~0.7 Mn sq.ft. No of Bookings 9 10 6 541 % Total Units Planned: RERA Carpet Area* 0.01 0.02 0.01 0.67 UNITS SOLD 552 Value of Bookings (Cr.) 25 33 28 1,450 & ~98% (5BHK & above: 42, Cu
Slide 40: Existing Projects Booking Update
Existing Projects Booking Update Project Till RERA Carpet Area Particulars Q1FY25 Q4FY25 Q1FY26 Date ~0.08 Mn sq.ft. No of Bookings 0 14 0 38 % RERA Carpet Area* 0.00 0.02 0.00 0.05 UNITS SOLD Total Units Planned: Value of Bookings (Cr.) 0 74 0 284 ~58% Retail Shops 65 Customer Collections (Cr.) 0 1
Slide 41: Raymond Realty Limited - Listing Debut on July 01, 2025
Raymond Realty Limited - Listing Debut on July 01, 2025 40
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 Contact Us: RRL.IR@raymond.in 42