Raymond Lifestyle Limited’s net profit for the December quarter (Q3 FY26) decreased by 33%, amounting to Rs 43 crore compared to Rs 64 crore in the same period last year. The decline was primarily attributed to a one-time expense of Rs 42.68 crore associated with the implementation of new Labour Codes. Despite this, the company’s revenue showed a positive trend, increasing by 5.4% to Rs 1,849 crore, driven by strong domestic demand in branded textile and apparel segments.
The company’s operating performance also saw significant improvement, with EBITDA rising by 32% to Rs 237 crore from Rs 180 crore in the previous year. Operating margins expanded to 13%, up from 10.2% in the corresponding quarter of the previous financial year, as per regulatory filings. Raymond Lifestyle’s board appointed Prasad Ellatch Chathuar as the new Chief Financial Officer, effective January 27, in a key management update.
Following the financial results announcement, Raymond Lifestyle’s shares initially increased by nearly 2%. However, the stock’s gains were short-lived, and it later declined into negative territory. During Tuesday’s afternoon trade, the shares were trading at Rs 908.5, reflecting a decrease of about 0.3%.
