Raymond Lifestyle Limited has informed the Exchange about Transcript
RAYMONDLSL · price
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Raymond Lifestyle reported a subdued Q4 FY25 with revenue falling 9% year-on-year to Rs. 1,580 crores, dragged by weak consumer demand, fewer wedding dates, and a ransomware attack that disrupted operations for 25-26 days (estimated Rs. 150-175 crore sales hit). Full-year FY25 revenue stood at Rs. 6,360 crores with EBITDA of Rs. 651 crores at a 10.2% margin. Margins were sharply compressed — Branded Textile EBITDA margin fell to 7% from 21.8%, and Branded Apparel slipped to 0.4% from 13.5%, hurt by deleverage and upfront retail expansion costs. The company added 35 stores in Q4, taking the retail network to 1,688 stores including 150+ Ethnix outlets. Management remains net cash positive at Rs. 90 crores and sees FY26 as a recovery year, noting bookings are running 12-13% ahead of last year and secondary inventory levels at dealers have normalised.
Near-term sentiment may stay weak given sharp margin compression and demand headwinds, but management's guidance for FY26 recovery, healthy booking trends, and net cash position offer some comfort. Watch for execution on franchisee-led store expansion and the UK FTA benefit in Garmenting.