Raymond Lifestyle Limited Reports Q3 FY25 Results Amidst Challenging Market Conditions
365Telugu.com online news,Mumbai, January 31st, 2025: Raymond Lifestyle Limited announced its unaudited financial results for the quarter ending December 31, 2024, reflecting a mixed
365Telugu.com online news,Mumbai, January 31st, 2025: Raymond Lifestyle Limited announced its unaudited financial results for the quarter ending December 31, 2024, reflecting a mixed performance due to ongoing weak consumer demand and market challenges.
Key Financial Highlights (₹ in Crores)
| Particulars | Q3 FY25 | Q3 FY24 | % Change (Y-o-Y) | 9M FY25 | 9M FY24 | % Change (Y-o-Y) |
|---|---|---|---|---|---|---|
| Total Income | 1,796 | 1,759 | 2% | 4,780 | 4,962 | (4%) |
| EBITDA | 221 | 316 | (30%) | 552 | 802 | (31%) |
| EBITDA Margin | 12.3% | 18.0% | 11.5% | 16.2% | ||
| PBT (before exceptional items) | 87 | 213 | (59%) | 168 | 477 | (65%) |
| PBT Margin (before exceptional items) | 4.9% | 12.1% | 3.5% | 9.6% |
Despite weak consumer demand and subdued market sentiment, Raymond Lifestyle Limited reported total income of ₹1,796 Cr for Q3 FY25. EBITDA stood at ₹221 Cr with an EBITDA margin of 12.3%, a decline compared to the previous year. The company has also managed to reclaim its net debt-free status after two quarters of borrowing, emphasizing its commitment to long-term sustainable business growth.
Sunil Kataria, Managing Director of Raymond Lifestyle Limited, commented, “Q3 FY25 continued to be a challenging quarter for our business. Despite weaker market conditions, we achieved low single-digit revenue growth.
Our focus on retail expansion has been fruitful, as we opened 135 new stores this year, bringing our total to 1,653 stores, including 143 stores under the ‘Ethnix by Raymond’ brand. Additionally, we entered the Innerwear category with the successful launch of Park Avenue Innerwear, which has garnered positive feedback. Our strategy remains focused on building a sustainable and profitable business.”
- Branded Textile: Revenue decreased by 6%, reaching ₹856 Cr in Q3 FY25 compared to ₹909 Cr in Q3 FY24, primarily due to weaker consumer demand. EBITDA margins were impacted by scale deleverage, standing at 18.0%.
- Branded Apparel: Revenue rose to ₹458 Cr from ₹437 Cr in Q3 FY24. The segment’s EBITDA margin was 9.6%, affected by upfront investments in retail store expansion, despite challenging market conditions.
- Garmenting: Revenue increased to ₹309 Cr, up from ₹261 Cr in Q3 FY24. The EBITDA margin for this segment stood at 7.8%, impacted by adverse sales mix, higher freight costs, and additional training expenses for new manufacturing lines.
- High-Value Cotton Shirting: Revenue for this segment dropped to ₹201 Cr from ₹214 Cr in Q3 FY24 due to weak consumer demand. EBITDA margin was recorded at 10.3%, reflecting scale deleverage.
Raymond Lifestyle continues its efforts to strengthen its retail presence and product offerings, with a focus on innovation, sustainability, and long-term growth.
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