Amit Agarwal, Group Chief Financial Officer at Raymond said, “This year is going to be much stronger compared to the last year. We will be in early teens, the growth in the revenue compared to the last year, as well as in the profitability of the business.”
The company is witnessing a clear pickup in consumption after the recent GST rate cut. Lower inflation, recent rate cuts, and tax relief measures have increased consumer liquidity, leading to higher spending on apparel and fabrics.
Agarwal added that bookings in the fabric business have grown by about 8–10% compared to last year.
Raymond Lifestyle posted a revenue of ₹1,832 crore in the July–September 2025 quarter (Q2FY26), with a profit after tax of ₹75.19 crore and an operating margin of 12.31%.
The company is also seeing good volume growth across domestic segments.
The CFO expects the second half of FY26 to be stronger, supported by a long wedding season that extends until May. “Going forward, we are looking at a very strong wedding season, because there are a large number of dates for weddings, and it is continuing all the way up to May. So, we are seeing good traction across channels,” he said.
On the company’s newer categories, Agarwal said ethnic wear grew 11% in the first half and is expected to pick up further during the festive season.
“As far as sleepwear is concerned, we are in the process of category creation… there is no such category in India on a large scale yet,” he explained.
However, the innerwear segment faced some pressure due to heavy discounting and increased commissions to wholesalers and retailers.
Raymond’s current market capitalisation is ₹7,390 crore. The stock is currently trading at ₹1,233.80 as of 9:21 am on the NSE and has gained 6% over the last month.
For full interview, watch accompanying video
