Raymond Lifestyle Limited — Investor Meet, 02-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Raymond Lifestyle delivered a record Q3 FY26 revenue of 1,883 Cr, with EBITDA up 23% YoY to 271 Cr (14.4% margin). 9M revenue grew 9% to 5,223 Cr, EBITDA up 18% to 652 Cr (12.5% margin), driven by strong textile & apparel volumes and premiumization. Management highlighted robust domestic demand, particularly from Tier 2/3 markets. Product innovation and adaptation to casualization, now 15-17% of apparel, are key. Garmenting faces US tariff headwinds; diversification to UK/Europe and high-value apparel is ongoing. An INR 57 Cr non-cash employee expense was a one-time Q3 impact. The company is confident in sustained long-term growth by investing in brands and capabilities.