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Raymond Lifestyle Limited today announced its unaudited financial results for the quarter ended 31st December, 2024.
| (₹) in Crores | Q3 | Q3 | Y-o-Y | 9M | 9M | Y-o-Y |
FY25 | FY24 | % | FY25 | FY24 | % | |
| Total Income | 1,796 | 1,759 | 2% | 4,780 | 4,962 | (4%) |
| EBITDA | 221 | 316 | (30%) | 552 | 802 | (31%) |
| EBITDA % | 12.3% | 18.0% |
| 11.5% | 16.2% |
|
| PBT (before exceptional items) | 87 | 213 | (59%) | 168 | 477 | (65%) |
| PBT % (before exceptional items) | 4.9% | 12.1% |
| 3.5% | 9.6% |
|
Amidst a weak consumer demand and subdued sentiments, Raymond Lifestyle Limited reported a decent quarterly performance in Q3 FY25 with a total income of ₹ 1,796 Cr. EBITDA stood at ₹ 221 Cr in Q3 FY25 with an EBITDA margin of 12.3% during these challenging market conditions. Additionally, we have reclaimed our net debt free status, which had gone into borrowing in the previous two quarters. Our primary objective remains to establish a long-term sustainable business, by continued investments in our retail store expansion, product innovation and marketing.
Commenting on the performance, Sunil Kataria, Managing Director of Raymond Lifestyle Limited said; "Q3FY25 continued to be a challenging quarter for our business. Despite weaker market conditions, our efforts have resulted in low single digit revenue growth. Our continued focus on retail expansion led to opening of 135 new stores during the current financial year, reaching a total of 1,653 stores including 143 stores in Ethnix by Raymond. During the quarter we have expanded into the Innerwear Category by launching Park Avenue Innerwear, which has received positive feedback from the trade channel. Our focus remains on our strategy to build a long term sustainable and profitable business."
Q3 FY25 Segmental Performance (Post IND AS 116)
Branded Textile segment revenue declined by 6% to ₹ 856 Cr in Q3 FY25 vs ₹ 909 Cr in Q3 FY24 predominantly on account of weaker consumer demand. EBITDA margins at 18.0% impacted due to scale deleverage.
Branded Apparel segment revenue stood at ₹ 458 Cr in Q3 FY25 as compared to ₹ 437 Cr in the same quarter last year. The performance was on account of new range of product launches during challenging market conditions and muted consumer demand. The segment reported an EBITDA margin of 9.6%, impacted by upfront investments in retail store expansion.
During the quarter we have opened 61 new stores including 14 'Ethnix by Raymond' stores. The total retail store network now stands at 1,653 stores as of 31st December 2024.
Garmenting segment reported revenue at ₹ 309 Cr in Q3 FY25 as compared to ₹ 261 Cr in same quarter previous year. EBITDA margin for the quarter was 7.8%, impacted on account of adverse sales mix, higher freight costs and additional cost of training of manpower for the new lines within our manufacturing facilities.
High Value Cotton Shirting segment reported revenue of ₹ 201 Cr in Q3 FY25 as compared to ₹214 Cr in Q3FY24, lower on account of weak consumer demand. The segment reported an EBITDA margin at 10.3% due to scale deleverage.
