Raymond Q1 profit rises 50 per cent to Rs 31 crore

MUMBAI: Raymond has started FY27 with its financial seams looking a little stronger. The company delivered higher revenue, fatter operating margins and a sharp jump in profit in the June quarter, giving its latest numbers a distinctly healthier cut.

Raymond Limited reported a 13 per cent year-on-year increase in consolidated total income to Rs 628 crore in the first quarter of FY27, compared with Rs 555 crore in Q1 FY26.

Revenue from operations stood at Rs 606 crore, up from Rs 524 crore a year earlier and marginally higher than Rs 603 crore in the March quarter.

The stronger top line was accompanied by an improvement in operating performance. EBITDA rose 14 per cent year on year to Rs 100 crore, compared with Rs 87 crore in Q1 FY26 and Rs 85 crore in Q4 FY26.

The EBITDA margin consequently expanded to 15.9 per cent, from 15.7 per cent in the year-ago quarter and 13.9 per cent in the preceding quarter.

Profit growth was even sharper. Profit before tax (PBT) increased 38 per cent year on year to Rs 42 crore, compared with Rs 30 crore in Q1 FY26 and Rs 25 crore in Q4 FY26. The PBT margin improved to 6.7 per cent, against 5.4 per cent a year earlier and 4.1 per cent in the March quarter.

At the bottom line, net profit jumped 50 per cent to Rs 31 crore, from Rs 21 crore in Q1 FY26. It also more than doubled from the Rs 12 crore reported in Q4 FY26. The sequential improvement was helped by stronger operating performance and the absence of exceptional losses recorded in the previous quarter.

Expenses remained broadly stable sequentially at Rs 528 crore, compared with Rs 527 crore in Q4 FY26, although they were higher than the Rs 468 crore recorded in Q1 FY26 as the business expanded.

Depreciation stood at Rs 38 crore, broadly unchanged from Rs 39 crore a year ago, while interest expense declined to Rs 20 crore from Rs 23 crore in the March quarter.

Raymond also ended the June quarter with a net cash surplus of Rs 129 crore, pointing to a relatively stronger balance sheet position.

The sequential comparison paints an equally positive picture. Total income rose from Rs 613 crore to Rs 628 crore, EBITDA climbed from Rs 85 crore to Rs 100 crore, while net profit surged from Rs 12 crore to Rs 31 crore between Q4 FY26 and Q1 FY27.

The numbers suggest Raymond has begun the new financial year with stronger operating momentum, with improving margins and profitability providing a firmer base even as the company continues to navigate the broader consumer and business environment.