Raymond Lifestyle Ltd. reported a consolidated net loss of Rs 44.95 crore for the March quarter, citing weaker consumer demand and lower sales due to system outages.
The company, part of the Raymond Group, had posted a net profit of Rs 235.58 crore in the same quarter last year, according to its regulatory filing on Monday.
Revenue from operations declined 11% to Rs 1,494.15 crore, compared to Rs 1,684.55 crore in the year-ago period.
“Ebitda stood at Rs 99 crore in the fourth quarter of fiscal 2025, with an Ebitda margin of 6.3%, impacted by high inflation and weaker consumer demand. This was further exacerbated by a ransomware attack that disrupted operations,” the company stated.
The firm’s IT team, with the help of cybersecurity experts, managed to contain the attack. However, temporary system outages and supply chain delays affected sales and overall profitability.
Total expenses for the Singhania family-promoted firm rose 4.45% to Rs 1,625.08 crore during the quarter.
Revenue from the textile segment, which includes the branded fabric business, dropped by 21% to Rs 727.35 crore, mainly due to weaker demand and the ransomware attack. Similarly, the branded apparel segment saw a 4.26% decline in revenue to Rs 391.2 crore.
“The segment reported an Ebitda margin of 0.4% in the fourth quarter of fiscal 2025, down from 13.5% in the fourth quarter of fiscal 2024, due to upfront investments in retail store expansion and an unfavorable channel mix,” the company added.
The garmenting segment recorded nearly flat revenues at Rs 248 crore, affected by a cautious customer approach ahead of potential US tariff announcements.
Raymond Lifestyle’s total income, including other income, stood at Rs 1,579.77 crore, reflecting an 8.5% decline.
For the fiscal year ended March 31, 2025, the company posted a profit of Rs 38.19 crore.
Its total consolidated income for fiscal 2025 fell by 5% to Rs 6,689.80 crore.
Commenting on the annual result, Executive Chairperson Gautam Singhania said, “Our performance this year was under pressure, primarily due to weak consumer demand and challenging macroeconomic conditions.”
“Despite these headwinds, we remain committed to our retail expansion strategy, resulting in the opening of 170 new stores reaching a total of 1,688 stores, including 152 stores in ‘Ethnix by Raymond’ during the year,” it said.
This is the third quarter result of Raymond Lifestyle, which demerged from the parent company Raymond Ltd and listed on the stock exchanges on Sept. 5 last year.
It has a portfolio of brands such as Park Avenue, ColorPlus, Parx, Raymond Made to Measure, Raymond Ready to Wear, Sleepz by Raymond, and Ethnix by Raymond amongst others.
(With PTI Inputs)
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