Brands
Raymond Lifestyle posts FY26 profit despite Q4 loss pressure
Revenue rises to Rs 6,888 crore, Q4 hit by apparel losses and charges.
MUMBAI: Raymond’s wardrobe may still be sharply stitched, but the March quarter came with a few loose threads. Raymond Lifestyle reported a consolidated net loss of Rs 52.06 crore for the fourth quarter ended 31 March 2026, as exceptional charges, apparel business pressure and inventory-related hits weighed on earnings despite stronger annual revenue growth. For the full financial year FY26, however, the company remained in the black, posting a consolidated profit of Rs 46.17 crore against Rs 38.19 crore a year earlier.
Consolidated revenue from operations for the year climbed to Rs 6,888 crore, up from Rs 6,176.74 crore in FY25, reflecting steady traction across its textile, shirting and apparel businesses.
The fourth quarter, though, told a tougher story.
Revenue from operations during Q4 stood at Rs 1,776.45 crore, compared with Rs 1,494.15 crore in the corresponding quarter last year. Despite the rise in topline, the company slipped into a pre-tax loss of Rs 68.17 crore after accounting for exceptional losses of Rs 67.04 crore during the quarter.
The exceptional hit included loss allowances on receivables and inventory write-downs in the apparel segment, alongside costs linked to labour code impacts and voluntary retirement scheme payments in the textile business.
The apparel business remained under pressure throughout the year. The segment posted a loss of Rs 124.04 crore in FY26, widening from a loss of Rs 66.23 crore in FY25.
Textiles, however, continued to anchor the company’s performance. The textile segment generated revenue of Rs 3,434.95 crore during FY26, while segment profit nearly touched Rs 449.78 crore, significantly higher than the previous year’s Rs 279.87 crore.
The shirting business contributed Rs 817.53 crore in annual revenue, while apparel revenue stood at Rs 1,811.58 crore. Garmenting revenue remained largely stable at Rs 1,065.58 crore.
Raymond Lifestyle’s balance sheet showed total assets at Rs 13,996.96 crore as of 31 March 2026, compared with Rs 13,836 crore a year earlier. Total equity stood at Rs 9,635.82 crore.
Cash and cash equivalents declined to Rs 236.35 crore from Rs 264.56 crore last year, while net cash generated from operating activities improved to Rs 546.23 crore.
The numbers reflect a business currently straddling two realities, one where legacy textile operations continue delivering stable cash flows, and another where the branded apparel business is navigating margin pressure, inventory adjustments and changing consumer demand.
For Raymond Lifestyle, the fabric may still be premium, but FY26 showed that even heritage brands must keep tailoring themselves to a fast-changing retail wardrobe.
