Raymond Lifestyle Ltd reported an 8% year-on-year revenue growth to ₹1,865 crore in Q2 FY26, supported by strong domestic consumption. However, US tariffs on Indian textile exports have impacted global competitiveness, leading to order deferrals and margin pressures, particularly in garmenting and B2B export segments.
Raymond Lifestyle Ltd released its Q2 FY26 financial results showing robust growth in total income, rising 8% to ₹1,865 crore, driven by accelerating domestic demand across branded textile and apparel segments. EBITDA grew 7% to ₹259 crore, maintaining a healthy margin of 13.9%, despite increased advertising spend and store rationalization.
However, the company’s international business witnessed headwinds, primarily due to steep US tariffs imposed on Indian textile exports. These tariffs have affected global competitiveness, leading to significant order deferrals and putting pressure on margins among key overseas buyers. The garmenting and B2B export divisions were most impacted, reflecting challenges in maintaining pricing and order volumes under tariff burdens.
Management indicated that while domestic consumption remains strong, especially during the festive and wedding seasons, sustained international trade tensions pose uncertainty. Raymond is exploring strategic alternatives, including diversifying sourcing to countries like Vietnam and Bangladesh, to mitigate tariff-related disruptions.
Key Highlights:
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Q2 FY26 revenue grew 8% YoY to ₹1,865 crore, EBITDA up 7% to ₹259 crore
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Healthy EBITDA margin of 13.9%, supported by strong domestic demand
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US tariffs on Indian textile exports caused order deferrals and margin pressure internationally
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Garmenting and B2B export segments most affected by tariff impact
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Company expanding retail footprint and investing in brand-building efforts
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Strategic sourcing alternatives under consideration to navigate trade challenges
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Domestic demand driven by festive and wedding season remains robust
Sources: Raymond Lifestyle Q2 FY26 Results, ScanX, Business Upturn, NSE Filings, NDTV Profit, Outlook Money, Moneycontrol