Raymond Lifestyle Ltd. share price target

Strong Q1 FY26 Performance and Positive Outlook: Company delivered a strong Q1 FY26, posting 17% YoY revenue growth driven by robust performance in textiles and apparel. EBITDA rose 29% YoY, supported by premiumization and operating leverage, despite garmenting being impacted by US tariffs.

Raymond Lifestyle (RLL) posted a 17% YoY revenue growth (5% beat), albeit on a low base. Growth was led by textile & apparel, though garmenting faced headwinds due to uncertainty around the US tariffs.

Raymond Lifestyle (RLL) reported a weak 3Q with modest ~2% YoY revenue growth. EBITDA declined 37% YoY due to operating deleverage, higher ad spends in branded apparels and adverse segmental mix.

The festive and the ongoing wedding season has improved the demand environment for retailers such as Raymond Lifestyle (RLL), with expectations of double-digit growth (~12-14%) in secondary sales, which should result in improved collections in 3QFY25

Raymond Lifestyle’s (RLL) 2Q revenue/EBITDA declined by 5%/17% YoY due to subdued discretionary demand. Higher depreciation and interest costs led to a 27% YoY decline in adjusted PAT.

Raymond Lifestyle Limited(RLL), formed as a demerger from Raymond Ltd, has a strong presence in men’s wear(with ~65% share in worsted suiting).