Raymond Lifestyle Q2 Results: Profit falls 10% as higher raw material, freight costs squeeze margins
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Raymond Lifestyle Ltd reported a 10.19% year-on-year decline in net profit to ₹68 crore on Wednesday (October 28).
- ✓While revenue grew 13.2% to ₹2,075 crore, higher raw material and freight costs squeezed margins.
- ✓The firm got a boost from branded apparel and garmenting orders, helping it reach a net-cash position.
Story at a Glance
- Category
- MARKET
- Reported By
- cnbctv18
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Surging input and freight costs squeezed operating profitability even as double-digit revenue expansion was propelled by robust momentum in branded apparel and international garmenting orders. The firm transitioned from net debt to a net-cash position, supported by strong cash generation. How will management sustain margin recovery during the upcoming festive season?
Raymond Lifestyle Ltd reported a 10.19% year-on-year decline in net profit to ₹68 crore for the second quarter, compared with ₹75 crore in the year-ago period, on Wednesday (October 28). Revenue grew 13.2% year-on-year to ₹2,075 crore from ₹1,832 crore.
Earnings before interest, tax, depreciation and amortisation (EBITDA) declined 2.6% to ₹220 crore from ₹226 crore a year earlier. The EBITDA margin contracted to 10.61% from 12.33% in the corresponding quarter last year.
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