India’s Raymond Lifestyle Ltd’s Q2 FY26 Revenue Rises 8% on Robust Domestic Demand

Raymond Lifestyle Limited, one of India’s leading fashion and textile giants, reported an 8% year-on-year (YoY) growth in revenue for Q2 FY26, reaching ₹1,865 crore (~$211.52 million). The growth was largely driven by strong domestic consumption, improved product mix, and efficient retail expansion across the country.

The company’s EBITDA grew 7% YoY to ₹259 crore, maintaining a solid 13.9% margin, despite increased spending on advertising and brand-building. This reflects Raymond’s strategic focus on long-term brand equity and consumer loyalty — a move that has positioned it well amid volatile global trade conditions.

Strong Domestic Market Cushions Export Challenges

While the company’s international business faced headwinds due to US tariffs and B2B export challenges, Raymond successfully leveraged India’s growing wedding and festive demand to offset the global slowdown. The domestic rebound proved strong enough to sustain the company’s overall growth trajectory.

Raymond’s Branded Textile segment saw a 10% revenue rise to ₹937 crore, aided by volume growth and an improved product mix. Meanwhile, the Branded Apparel division surged 11% YoY to ₹491 crore, fueled by sales across Large Format Stores (LFS), Exclusive Brand Outlets (EBOs), Multi-Brand Outlets (MBOs), and online platforms.

The company’s retail footprint expanded to 1,663 stores, reflecting its aggressive strategy to strengthen presence in tier-II and tier-III cities.

Segment Performance Overview

• Branded Textile: ₹937 crore revenue (+10% YoY); EBITDA ₹188 crore (+16%)

• Branded Apparel: ₹491 crore revenue (+11% YoY); EBITDA ₹25 crore

• Garmenting: ₹269 crore revenue (+4% YoY)

• High Value Cotton Shirting: ₹212 crore revenue (-7% YoY); EBITDA margin improved to 11.8%

Strategic Outlook

Gautam Hari Singhania, Executive Chairman of Raymond Lifestyle Ltd, emphasized the company’s resilience and strategic foresight, saying:

“Our quarterly performance reflects encouraging momentum driven by strong domestic demand across lifestyle categories. Even as we navigate global headwinds, we are focused on agility and long-term value creation.”

Raymond continues to monitor potential opportunities under the UK-India Free Trade Agreement (FTA) and assess evolving trade risks, particularly from the US, to safeguard its export competitiveness.

Conclusion

Raymond Lifestyle Ltd’s Q2 FY26 results underscore the strength of India’s fashion and textile sector, powered by local consumer confidence and festive spending. Despite export challenges, the company’s focus on domestic brand expansion, improved efficiency, and premiumization has positioned it for sustained growth. As global trade uncertainties ease, Raymond’s adaptability and brand depth are expected to drive further gains in the coming quarters.

Reference Links

• https://www.raymond.in — Official Raymond Lifestyle website

• https://www.fibre2fashion.com — Industry insights on textiles and apparel

• https://www.business-standard.com — Financial news and business analysis

• https://economictimes.indiatimes.com — Market and corporate updates