Q3 2026 Raymond Lifestyle Ltd Earnings Call Transcript
Key Points
- Raymond Lifestyle Ltd (BOM:544240) achieved the highest quarterly revenue in its history, with total income reaching INR1,883 crore.
- EBITDA grew by 23% year-on-year, with margins expanding from 12.3% to 14.4% for the nine-month period.
- The company experienced strong volume growth in its core textile and apparel business, driven by premiumization and product mix improvement.
- Raymond Lifestyle Ltd is investing in brand building and future capabilities, including product innovation and supply chain excellence.
- The company is strategically expanding its retail presence, particularly in Tier 2 and Tier 3 markets, with a focus on premium casual and fusion wear.
- Global headwinds, particularly US tariff uncertainty, negatively impacted the garmenting performance during the quarter.
- The company faced a 25% increase in wool prices, contributing to input cost volatility.
- Working capital increased due to changes in sales trends and the need to maintain larger inventories.
- The ethnics segment showed weaker growth compared to other apparel segments, with only high single-digit growth.
- The company incurred a substantial expense loss of INR57 crore due to the implementation of a new labor code.
Ladies and gentlemen, good day and welcome to Raymond Lifestyle Limited, Q3 FY26 and nine month FY26 earning conference calls hosted by Motilal Oswal Financial Services. (Operator Instructions).
I now hand the conference over to Mr. Aditya Bansal from Motilal Financial Services. Thank you and over to you, sir.
Thank you, Danish. Good evening everyone. On behalf of Motilal Oswal Financial Services, I welcome all the participants to the 3Q FY26 and nine month FY26 earnings call of Raymond Lifestyle Limited. Today we have with us from the senior management Mr. S L Pokharna, Non-Executive Director; Mr. Rakesh Tiwary, Group CFO; Mr. Satyaki Ghosh, Chief Executive Officer; Mr. Amit Agarwal, President of Chairman's office; Mr. EC Prasad, Chief Financial Officer; and Mr. [Sadi Lisa], Head Investor Relation.
Without taking further time, I would like to hand over the call to Mr. Rakesh Tiwary for his opening remarks. Over to you, Rakesh, sir.
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