Raymond Lifestyle Limited is a prominent Indian fashion and apparel company, offering a wide range of fashion products and services including branded textile and apparel brands across formal, casual, and ethnic wear. The company, originally founded in 1925, is headquartered in Mumbai, India. Raymond Lifestyle is a leading fashion and retail company with iconic men's fashion brands and a vast retail network.
The company was established through a demerger of Raymond Limited's lifestyle business, which was completed on June 30, 2024. Raymond Lifestyle Limited (RLL) was subsequently listed in September 2024. Raymond Lifestyle Limited operates as a subsidiary of Ray Global Consumer Trading Private Limited.
Raymond Lifestyle operates through multiple business segments, each catering to different market needs. The company is a B2C brand for Suiting and Shirting fabrics and holds the highest market share in the worsted suiting fabric industry.
The company's product portfolio includes four main categories. In branded apparel, Raymond Lifestyle offers ready-to-wear brands like Park Avenue, ColorPlus, Parx, Raymond Ready to Wear (RTW), and Ethnix, distributed through various retail formats including Multi-brand Outlets (MBOs), Large Format Stores (LFS), and The Raymond Store (TRS). In the garmenting segment, RLL operates as a white-labelled integrated manufacturer and exporter of high-value clothing products such as suits, jackets, and trousers. The company also runs a B2B business as a manufacturer of high-value cotton shirting fabrics.
As of the latest available data, Raymond Lifestyle has a market capitalization of ₹8,206 crores with annual revenue of ₹6,177 crores and a net profit of ₹38.2 crores. The company maintains a promoter holding of 54.7%.
For the third quarter ended December 31, 2024, Raymond Lifestyle reported a 60.5% decline in consolidated net profit to ₹64.17 crores, impacted by weak market conditions and higher expenses. The garmenting segment revenue was ₹309 crores in Q3 FY25 compared to ₹261 crores in the same quarter of the previous year, while the high-value cotton shirting segment reported lower revenue of ₹201 crores compared to ₹214 crores in the corresponding period last fiscal, attributed to weak consumer demand.
The fourth quarter of FY25 presented significant challenges for the company. Raymond Lifestyle reported a consolidated net loss of ₹45 crores for the fourth quarter ended March 31, 2025, compared to a profit of ₹236 crores in the same period last year. The company's revenue from operations declined by 11.3% year-on-year to ₹1,494 crores, down from ₹1,685 crores in Q4 FY24.
- Net Profit: ₹1,452 million in FY24, up 529.6% compared to ₹231 million in FY23.
- Revenue Growth: 3-year CAGR of 59.8%.
- Operating Profit Margins: 2.6% in FY24 versus 26.8% in FY23.
- Net Profit Margins: 175.3% in FY24 versus 17.8% in FY23.
- Debt to Equity Ratio: 0.0 for FY24.
Raymond Lifestyle has built an extensive retail presence across India. The company opened 170 new stores in FY25, bringing the total retail footprint to 1,688 stores, including 152 Ethnix outlets. The company also opened 61 new stores in the third quarter of FY25 alone.
The company faced operational difficulties in recent quarters. The quarter's performance was adversely affected by high inflation, subdued consumer demand, and a ransomware attack that disrupted operations, leading to temporary system outages and supply chain delays. Despite these challenges, Executive Chairman Gautam Singhania expressed optimism about the company's future, noting early signs of demand recovery in April.
Going forward, Raymond Lifestyle's primary objective remains to establish a long-term sustainable business through continued investments in retail store expansion, product innovation, and marketing. The company anticipates growth opportunities from the India-UK Free Trade Agreement, which is expected to open new export avenues and support long-term ambitions in global value chains.
Raymond Lifestyle's major competitors include Vedant Fashions, Aditya Birla Fashion, Pearl Global Industries, Gokaldas Exports, Jindal Worldwide, PDS, and Indo Count Industries. The company's market cap of ₹6,453 crores compares favorably with the median market cap of its peers at ₹6,468 crores. Raymond Lifestyle appears to be financially stable compared to its competitors, with a lower probability of facing bankruptcy or financial distress than its immediate competitors.
Raymond Lifestyle Limited represents a significant player in India's fashion and apparel sector, with strong brand recognition and an extensive retail network. While the company has faced recent operational challenges, its strategic expansion plans and established market position provide a foundation for future growth in the evolving Indian fashion retail landscape.
