Raymond Lifestyle Q1 Loss Widens to ₹23 Crore Despite 6% Revenue Growth; Garmenting Business Jumps 50%

Raymond Lifestyle Ltd reported a wider net loss of ₹23 crore for the first quarter, even as the company's overall revenue rose 6% year-on-year. The garmenting segment was a standout performer, posting a 50% jump during the quarter, reflecting broader momentum in India's apparel export sector as global brands continue to diversify sourcing away from China under the ongoing "China Plus One" strategy.

Following the earnings release, shares of Raymond Lifestyle Ltd closed at ₹709.60 on the Bombay Stock Exchange (BSE), declining by ₹23.10, or 3.15%.

Raymond Lifestyle Ltd is the demerged apparel and lifestyle entity of the Raymond Group, one of India's oldest and largest textile and apparel conglomerates, originally founded in 1925. The company operates across branded apparel, retail, and garmenting, with a portfolio of brands including Raymond, Park Avenue, ColorPlus, and Parx. Raymond Lifestyle was carved out as a separate listed entity in 2024 as part of a restructuring that separated the lifestyle business from Raymond Ltd's real estate and engineering businesses. As a relatively new standalone listing, the company is still in its early quarters of independent financial reporting, and investors are closely watching whether the demerged structure can deliver consistent profitability alongside top-line growth.

Source: CNBC-TV18