Raymond Lifestyle Reports Record Total Income of ₹2,125 Crore in Q2 FY27 Amid Strong Apparel and Garmenting Growth

Raymond Lifestyle Limited has announced its unaudited financial results for the second quarter and first half of fiscal year 2027, posting a record highest-ever total income of ₹2,125 crore for Q2 FY27. This represents a 14% year-on-year growth compared to ₹1,865 crore in the corresponding quarter of the previous fiscal year.

For the half-year ended September 30, 2026, the company reported a total income of ₹3,685 crore, marking a 10% increase from ₹3,340 crore in H1 FY26. According to the company, the financial performance was supported by strategic premiumization, casualization across its brand portfolio, volume expansion in Branded Apparel, and a recovery in international demand within the garmenting segment across key markets including the US, UK, and Europe.

Segmental Performance Breakdown

Performance varied across Raymond Lifestyle's core business units during the quarter:

• Branded Textile: Revenue reached ₹971 crore, up 7% year-on-year from ₹906 crore, driven by festive channel uptake. EBITDA stood at ₹188 crore with a margin of 19.3%.
• Branded Apparel: Recorded its highest-ever quarterly revenue at ₹559 crore, reflecting a 20% year-on-year growth compared to ₹465 crore. Casualwear brands like ColorPlus and Parx led the segment, which posted an EBITDA of ₹49 crore.
• Garmenting: Experienced a revenue surge of 26% year-on-year to ₹339 crore, up from ₹269 crore. The growth was attributed to order book execution following trade framework developments and new global clients. EBITDA expanded to ₹25 crore.
• High Value Cotton Shirting: Revenue grew 5% to ₹222 crore compared to ₹212 crore in Q2 FY26, generating an EBITDA of ₹21 crore.
• Emerging Businesses: Comprising Ethnix by Raymond, Raymond Home, Park Avenue Innerwear, Chairman's Collections, and Sexual Wellness, this sector reported revenue of ₹100 crore, reflecting a 15% year-on-year growth.

Financial Health and Retail Footprint

Raymond Lifestyle reported improved financial discipline, with net working capital days improving to 82 days in Q2 FY27 from 105 days in Q2 FY26. The company transitioned to a net-cash surplus position of ₹69 crore as of September 2026, compared to a net debt of ₹246 crore in September 2025, marking a cash generation of over ₹300 crore.

As part of its ongoing retail network optimization, the company closed out the quarter with a total store count of 1,634, compared to 1,663 stores a year prior, focusing resources on high-efficiency formats.

Practical Implications and Verification

Readers and investors analyzing this corporate update should note several practical considerations based strictly on the company's disclosure:

• Confirmed Metrics: Total income figures, segment-wise revenues, net cash position, and store counts are officially reported unaudited figures for Q2 and H1 FY27.
• Margin Pressures: Despite top-line growth, EBITDA margins saw minor contractions in certain segments due to elevated raw material prices, freight costs, and increased marketing investments.
• Unknowns: Future quarters depend heavily on sustained execution during the peak festive and wedding seasons, as well as broader macroeconomic and commodity price stability.
• Verification: Readers can review the original press release and official disclosures directly through [Business Standard](https://www.business-standard.com/content/press-releases-ani/raymond-lifestyle-limited-delivered-a-record-total-income-healthy-q2-fy27-h1-fy27-performance-126102900689_1.html).