Raymond
Financial Performance
Raymond Revenue & Financials
Revenue
~$257.7M (FY2026)
Market Cap
$910M
Net Income
~$619.6M
What is Raymond's revenue?
Raymond had ~$257.7M in revenue for fiscal year 2026, up 12.1% from 2025. Net income was ~$619.6M.
- Latest revenue
- ~$257.7M (FY2026)
- Year-over-year
- +12.1%
- Growth rate (CAGR)
- -22.6% over 4 years
- Peak revenue
- ~$952.9M (FY2023)
- Years of data
- 5
- How much profit does Raymond make?
- Raymond reported net income of ~$619.6M for fiscal year 2026. stockanalysis.com
Financial Analysis
Raymond's reported numbers are distorted by its restructuring. Consolidated revenue fell to about $119 million (₹1,023 crore) in FY24 and rose to ~$230 million (₹1,982 crore) in FY25 and ~$258 million (₹2,222 crore) in FY26 as the apparel and then real estate businesses were moved out, while reported net profit in those years includes large one-time gains linked to the demergers. The cleaner view is the continuing engineering business: about $268 million (₹2,312 crore) of total income and ~$38.9 million (₹335 crore) of EBITDA in FY26, then Q1 FY27 total income of ~$72.8 million (₹628 crore) (+13%), EBITDA of ~$11.6 million (₹100 crore) (15.9% margin) and net profit of ~$3.58 million (₹30.9 crore) (+50%). Raymond Group is a major Indian branded fabric and fashion retailer, operating as one of the largest vertically integrated worsted suiting manufacturers in the world.
Revenue Trend Analysis
YoY Change
+12.1%
4-Year CAGR
-22.6%
Peak Year
2023
Trend
Consistent Growth
Raymond has 5 full fiscal year figures on this page, compounding at -22.6% annually over 4 years. The most recent year saw a 12.1% increase versus the prior year. Annual revenue peaked in fiscal year 2023 at ~$952.9M. Of 4 comparable year-over-year steps, 3 showed growth and 1 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2026 | ~$257.7M | ~$619.6M | +12.1% | Raymond (NSE:RAYMOND) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2026-03-31. Figures reflect demerged businesses moving out; net income includes demerger-related and discontinued-operation items. |
| FY2025 | ~$229.9M | ~$885.2M | +93.7% | Raymond (NSE:RAYMOND) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2025-03-31. Figures reflect demerged businesses moving out; net income includes demerger-related and discontinued-operation items. |
| FY2024 | ~$118.7M | ~$190M | -87.5% | Raymond (NSE:RAYMOND) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2024-03-31. Figures reflect demerged businesses moving out; net income includes demerger-related and discontinued-operation items. |
| FY2023 | ~$952.9M | ~$61.4M | +33.0% | Raymond (NSE:RAYMOND) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2023-03-31. |
| FY2022 | ~$716.7M | ~$30.2M | — | Raymond (NSE:RAYMOND) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2022-03-31. |
Click any row to see year details.
Keep researching Raymond
Raymond Revenue and Financial FAQ
What was Raymond's revenue in FY26?
Raymond reported consolidated revenue of about $258 million (₹2,222 crore) for FY26 (year ended March 31, 2026); the continuing engineering businesses generated about $268 million (₹2,312 crore) of total income and ~$38.9 million (₹335 crore) of EBITDA.
What were Raymond's Q1 FY27 results?
Revenue from operations of ~$70.3 million (₹606 crore) (+15.6%), total income of ~$72.8 million (₹628 crore) (+13%), EBITDA of ~$11.6 million (₹100 crore) (15.9% margin) and net profit of ~$3.58 million (₹30.9 crore) (+50%).
What is Raymond's market capitalisation?
About $936 million (₹8,066 crore) on September 30, 2026, after a share rally of more than 230% in six months.
Why do Raymond's historical figures look volatile?
Revenue and profit reflect the removal of the apparel business in 2024 and real estate in 2025, and include one-time demerger-related gains, so year-to-year comparisons are not like for like.
Does Raymond have debt?
Raymond reported a net cash surplus of about $15 million (₹129 crore) at the end of June 2026.
What is Raymond Limited’s annual revenue scale?
Raymond generates over ₹8,000 crore to ₹9,000+ crore ($1.0B–$1.1B+ USD) in consolidated annual revenues, driven by strong double-digit growth across branded textiles, apparel, and Raymond Realty.
How did Raymond achieve net debt-free status in 2023?
In 2023, Raymond sold its consumer care business (including Kamasutra and Park Avenue deodorants) to Godrej Consumer Products for ₹2,825 crore in cash, using proceeds to eliminate virtually all consolidated net debt and fortify its balance sheet.
What are Raymond’s operating EBITDA margins in textiles and apparel?
Branded textiles and suiting fabrics consistently deliver robust EBITDA margins between 15% and 18%, supported by premium pricing power and direct-to-retail distribution via The Raymond Shop network.
What is the financial contribution of Raymond Realty?
Raymond Realty has grown into a major profit driver, generating over ₹1,500 crore to ₹2,000+ crore in annual real estate pre-sales with attractive operating margins above 20% due to zero land acquisition costs in Thane.
What was the rationale behind the three-way corporate demerger?
The restructuring separates Raymond into three distinct pure-play listed entities: Raymond Lifestyle (textiles and branded fashion), Raymond Realty (real estate), and Raymond Limited (engineering and aerospace components), unlocking distinct valuation multiples for shareholders.
What is Raymond’s dividend history and payout policy?
Raymond rewards shareholders with regular annual dividend distributions, maintaining a disciplined payout ratio balanced with internal real estate working capital needs and retail store upgrades.
How does raw wool price volatility impact Raymond’s gross margins?
Raymond imports high-grade Merino wool primarily from Australia; it hedges currency and commodity risks through forward purchasing agreements and passes cost increases through semi-annual fabric price revisions.
What are Raymond’s financial targets for Raymond Lifestyle post-demerger?
Raymond Lifestyle targets expanding branded apparel EBITDA margins toward 16%–18%, opening 200–300 new stores annually, and driving high-single-digit to double-digit compound top-line revenue growth.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Raymond Revenue & Financials." CorpDigest, https://corpdigest.com/company/raymond/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Raymond reported ~$257.7M in revenue (FY2026).</strong><br>Source: <a href="https://corpdigest.com/company/raymond/financials" target="_blank" rel="noopener">CorpDigest — Raymond financials</a></div>Related Financial Audits
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