Raymond Lifestyle Q2: branded apparel hits record Rs 559 crore, profit dips
By Simran KaurFashion Writer, Peepals Shakti
Representative image: jarmoluk / Pixabay
Raymond Lifestyle's branded apparel sales hit a record Rs 559 crore in July-September 2026, up 20%, but higher costs cut quarterly profit about 10% to Rs 68 crore.
What Happened
Raymond Lifestyle, the clothing and textile company behind the Raymond, ColorPlus and Parx brands, reported that its branded apparel business recorded its highest-ever quarterly revenue of Rs 559 crore in July-September 2026, up 20% from a year earlier, according to its results for the quarter ended September 30, 2026, reported on October 29. Overall revenue from operations rose about 13% to Rs 2,075 crore, but net profit fell about 10% to roughly Rs 68 crore, from Rs 75 crore, as higher raw material and freight costs squeezed margins.
Key Facts
- Revenue from operations: about Rs 2,075 crore in Q2 FY27, up 13.2% year on year.
- Total income (including other income): Rs 2,125 crore, up 14%, which the company called a record.
- Net profit: about Rs 68 crore (Rs 67.53 crore in one report), down about 10% from Rs 75 crore.
- Profit before tax: Rs 91 crore, down 16%.
- Branded apparel: record Rs 559 crore, up 20%.
- Garmenting (making clothes for other brands): Rs 339 crore, up 26%.
- Branded textile (suiting and shirting fabric): Rs 971 crore, up 7%; high-value cotton shirting up 5%.
- Balance sheet: the company said it is net debt-free, with a cash surplus of Rs 69 crore.
Why It Matters
Raymond is one of the oldest names in Indian menswear, and its results are a useful window into how Indian shoppers are spending on clothes. The quarter shows a split picture. Ready-made branded clothes, the shirts, trousers and suits sold under its brands in stores and online, grew strongly. Fabric, the business the company is best known for, grew more slowly. That shift fits a long change in how Indians buy clothes: fewer people buy cloth and take it to a tailor, and more buy ready-to-wear.
The company's chief executive, Satyaki Ghosh, said its branded apparel business gained from demand for the ColorPlus and Parx brands, and that the garmenting business continued to benefit from changes in global supply chains. Garmenting means making clothes for other companies, so its 26% growth suggests some buyers abroad are moving orders to Indian factories. The company also said it closed stores that were not performing, which helped protect margins in the apparel business.
Profit is where the pressure showed. Costs of raw materials and freight rose faster than prices, according to reports, and the company also spent more on marketing. As a result, profit fell even though sales grew. For the people who build the fashion industry, from weavers and garment workers to store staff, the growth in garmenting and branded clothing is a sign of steady work, while the margin squeeze shows how thin the profits can be.
| Segment | Q2 FY27 revenue | Change from a year earlier |
|---|---|---|
| Branded textile | Rs 971 crore | Up 7% |
| Branded apparel | Rs 559 crore | Up 20% |
| Garmenting | Rs 339 crore | Up 26% |
| Company total (operations) | about Rs 2,075 crore | Up 13.2% |
The second half of the year includes the festive and wedding seasons, which are usually the busiest months for suits, ethnic menswear and gifting fabric. How well the company handles costs in those months will shape its full-year profit.
Impact
Short-term: Shoppers are buying more of the company's ready-made clothes, and export garment orders are growing. Higher costs may lead to price increases or tighter discounts.
Long-term: If the shift to branded ready-to-wear continues, Raymond's apparel arm may become as important as its fabric business. Growth in garmenting could also bring more manufacturing jobs to India if global brands keep moving orders.
Who is affected: Raymond Lifestyle's shareholders and staff; garment and textile workers in its factories; franchise and store partners; and shoppers who buy its clothes and fabric.
Key Takeaway
Raymond Lifestyle's branded apparel sales hit a record Rs 559 crore in July-September 2026 and garmenting grew 26%, but higher costs cut its quarterly profit by about 10% to roughly Rs 68 crore.
Questions and Answers
What were Raymond Lifestyle's Q2 FY27 results?
For the quarter ended September 30, 2026, revenue from operations rose about 13% to around Rs 2,075 crore, total income rose 14% to Rs 2,125 crore, and net profit fell about 10% to roughly Rs 68 crore from Rs 75 crore.
Why did Raymond Lifestyle's profit fall?
Reports said higher raw material and freight costs squeezed margins, and the company also spent more on marketing, so profit fell even though sales grew.
Which part of Raymond Lifestyle grew fastest?
Garmenting, the business of making clothes for other brands, grew 26% to Rs 339 crore. Branded apparel grew 20% to a record Rs 559 crore.
Is Raymond Lifestyle in debt?
The company said it is net debt-free, with a cash surplus of Rs 69 crore at the end of the quarter.
Disclaimer: Prepared by the Peepals newsroom from publicly available sources with AI assistance. Information is accurate to the best of our knowledge at the time of publication and may change. Images may be representative. Not professional advice. Report an error via our contact page.
By Simran Kaur, Fashion WriterCovers Fashion and more for Peepals Shakti. All stories by Simran Kaur
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Simran Kaur is a pen name of the Peepals Global Editorial Team, which researches, fact-checks and publishes every story. The portrait is an illustration.
