Satyaki Ghosh, CEO of Raymond Lifestyle, states that the garmenting business is anticipated to sustain robust growth through 2026-27 (FY27) as orders from the UK, Europe, and the US increase, aided by free trade agreements (FTAs) and the worldwide trend toward a China-plus-one sourcing strategy.
The company anticipates that profitability in the business will continue to enhance following a significant margin increase reported in the April-June quarter of 2026 (Q1FY27).
The firm remains positive about its branded textile operations, even though a high base is affecting first-quarter growth.
Ghosh mentions that high-end items, especially in suiting and linen shirts, continue to have strong demand, while Raymond Lifestyle is performing above its internal financial plan for both revenue and earnings before interest, taxes, depreciation, and amortization (EBITDA) for the year.
Raymond Lifestyle announced a 5.9percent rise in revenue to Rs.1,515.5 crore for the first quarter of FY27, compared to the previous year, while EBITDA increased 16.6percent to Rs.89.8 crore.
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Its EBITDA margin rose to 6percent compared to 5percent the previous year. The company, however, recorded a net loss of Rs.23 crore, in contrast to a loss of Rs.20 crore in the same quarter the previous year.
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The shares of the company based in Mumbai have fallen by almost 40percent in the last year, resulting in a market cap of approximately Rs.4,426.71 crore.
The UK Free Trade Agreement was implemented on July 15, yet orders had begun to come in during the first quarter. Execution will predominantly occur in the July-September quarter of 2026 (Q2FY27) and the October-December quarter of 2026 (Q3FY27) due to the typical time lag between order receipt and execution.
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The European FTA is also gaining momentum. Although it's still six to nine months out, the announcement has already sparked considerable interest. Businesses are considering a China-plus-one approach, with India emerging as a more viable choice as tax structures become more aligned.