Raymond Lifestyle Limited — Board Meeting, 30-01-2025: Outcome of Board Meeting

Raymond Lifestyle Limited has announced a board meeting, during which the Board of Directors approved the unaudited financial results for the third quarter and nine months. Total income reached ₹1,796 Cr, reflecting a year-on-year increase of 2%. However, EBITDA decreased by 30% to ₹221 Cr, with an EBITDA margin of 12.3%. The company opened 61 new stores in the quarter, bringing its total retail network to 1,653. Furthermore, the company reported reclaiming its net debt-free status after borrowing in the previous quarters. Overall, the results indicate a solid strategy amidst challenging market conditions.