Raymond Lifestyle Limited has informed the Exchange about Transcript
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Raymond Lifestyle filed the transcript of its Q1 FY26 earnings call held on August 7, 2025. Total income grew 18% year-on-year to Rs. 1,475 crores, with EBITDA up 36% to Rs. 122 crores at an 8.2% margin. The Branded Textile segment was the standout, with revenue up 27% to Rs. 716 crores and EBITDA margin expanding from 9.6% to 14.3%, while the Garmenting segment suffered due to US tariff uncertainty, with revenue falling to Rs. 197 crores from Rs. 252 crores and slipping to a Rs. 8 crore EBITDA loss. Management said Q1 margins are not representative of the full year and guided that operating leverage should drive significantly better margins in Q2-Q4, reiterating a ~20% long-term margin target for Branded Textile. Net debt stood at Rs. 55 crores, working capital days rose to 90 from 83 due to festive season inventory build-up, and FY26 CAPEX was guided at Rs. 175-200 crores.
Positive signal for shareholders given the strong Q1 print and management's confidence that FY26 will be a much stronger year with improving margins. The Garmenting segment remains a near-term overhang due to US tariffs, partially offset by the India-UK FTA opportunity and the Ethiopia facility's lower 10% tariff rate.