Raymond Lifestyle Limited (RAYMONDLSL)
Micro CapTextiles stocks · Micro cap · NSE
Raymond Lifestyle Limited, formerly Raymond Consumer Care, is a diversified consumer company in India. It operates across branded textiles, apparel, garmenting, and high-value cotton shirting segments, focusing on domestic growth and retail network optimization.
One read, four checks
75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.
Weak fundamentals, management trust is acceptable, price trend argues for patience, and recent execution is weak.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
low confidence · 0/0 claims checked
Timing lens: price trend and sector relative strength.
Rolling lens: recent quarterly delivery, not the latest single-result score.
Quarter ended 30 Jun 2026
Bad · 25/100Rev +6% YoY · margin expansion
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹1,516 Cr | +6.0% | -14.6% |
| EBITDA | ₹90 Cr | +16.9% | -24.4% |
| Operating margin | 6.0% | +100 bps | -100 bps |
| PAT | ₹-23 Cr | NDF | NDF |
| PAT margin | -1.5% | -12 bps | +141 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Where growth can come from, and what can break the case
FY26 marks a 'Year of Recovery' with Total Income crossing ₹7,000 Cr for the first time (+11% YoY) and EBITDA growing 23% YoY to ₹804 Cr, driven by domestic performance and improved product mix. Q4FY26 saw strong revenue growth (+15% YoY) but PBT remained negative.
The company demonstrated a strong recovery in FY26, achieving record total income and robust EBITDA growth, primarily from domestic branded segments. While working capital efficiency improved, profitability in Q4 was impacted by one-off factors and global headwinds in garmenting. Management's focus on premiumization, casualization, and geographical diversification for FY27 is crucial for sustained growth and margin expansion.
Domestic Branded Segments
Strong domestic growth drives solid performance despite weak global demand.
Premiumization
Focus on premiumization across all 3 segments (Branded Textile, Branded Apparel & Garmenting) by shifting product mix toward Wool & Linen.
Casualization
Capitalize on industry shift for Branded Textile towards relaxed wearability; Branded Apparel launches in Smart Casuals.
Distribution Expansion
Expand distribution for Branded Textile & Apparel via MBO & LFS counters.
Retail Store Network
Opened 89 premium stores, strategically exited 124 low-performing units, resulting in 1,653 total stores as of Mar'26.
Improved Product Mix
EBITDA growth driven by improved product mix and operating leverage despite higher ad spend.
Demand Recovery (Garmenting)
Strong growth in Garmenting on account of demand recovery post the US-India Trade Deal.
New Customer Onboarding
New customers onboarded in anticipation of UK & EU FTA implementation for Garmenting.
US Tariff Uncertainty
B2B/Garmenting impacted by US tariff uncertainty.
Weak Global Demand
Strong Domestic growth drives solid performance despite weak global demand.
Geopolitical Conflict
Escalating conflict between US, Israel and Iran, leading to reduction of US dependency for Garmenting.
Geopolitical Concentration
Management is reducing US dependency by diversifying into the UK & EU via duty-free trade agreements for Garmenting.
Global Demand Volatility
B2B/Garmenting impacted by US tariff uncertainty and weak global demand.
Management accountability
What management said, and what results must prove
Management accountability
What management said, and what results must prove
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
The investor presentation explicitly states that commentary describes the reporting quarter's performance versus the same quarter of the previous year, unless specified otherwise. Annual results are naturally compared YoY.
Total Income (FY26)
₹7,034 Cr, +11% YoY, crossing historic mark for the first time.
EBITDA (FY26)
₹804 Cr, +23% YoY, with margin expanding to 11.4% from 10.2% in FY25.
PBT (FY26)
₹200 Cr, +63% YoY, with margin at 2.8% vs 1.9% in FY25.
Net Working Capital Days
77 days in Mar’26, an efficiency gain from 87 days in Mar’25.
FY26 Focus
Prioritized revenue scale and consumer reach to build a robust foundation for future operational leverage.
FY27 Focus ('Year of Consolidation')
Focus shifts to building a high-performance culture while emphasizing sustainable profitability and stakeholder value creation.
Strategic Initiatives
Integrating digital agility with transparent oversight to build a resilient, future-ready institution for all stakeholders.
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Total Income Growth | FY26: +11% YoY | Sustained double-digit growth, especially from branded segments, and recovery in Garmenting. |
| EBITDA Margin | FY26: 11.4% | Monitor margin expansion driven by premiumization and operating leverage, offsetting higher ad spend. |
| Net Working Capital Days | Mar'26: 77 days | Track further efficiency gains and impact of inventory management on cash flow. |
| Garmenting Segment Performance | Q4FY26 EBITDA: 14 Cr (from -7 Cr YoY) | Assess successful diversification into UK & EU and reduced dependency on US market. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trend score and candlestick chart
31Bearishfull bear SMA stack · SMA20 -2.6% / mo · MACD − · near 52W low
Technical chart
RAYMONDLSLdaily · 1Y · AUTO-20.8%Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 37.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~2.7% over last month) — short-term momentum negative.
- RSI(14) at 37 — sideways, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 51% off 52W high · 6% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Valuation & score drivers
U-Score 31 · OVERVALUED · pillar breakdown, sector model, fair-value anchor
Valuation & score drivers
U-Score 31 · OVERVALUED · pillar breakdown, sector model, fair-value anchor
Fundamental score breakdown
OVERVALUEDWhy this score?
Top U-Score contributors and drags from the latest stored fundamentals.
Positive drivers
- FCF yield is supportive at 10.4%.
- Piotroski is strong at 7/9.
- Cash flow contributes 9/10 to the score.
Main drags
- Fair-value margin of safety is negative at -32041.4%.
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Growth is weaker at 2/25; verify the latest quarterly trend.
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Score history
12 stored score snapshots. Latest stored move: +0 points.
Factor attribution
Modelled fair value
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Mixed Trust: Claim history is still being built. It ranks around the 49th percentile of the scored universe and 42nd percentile within Textiles. Main check: results consistency is weak at 39/100.
Healthy Trust Lite: Promoter holding is 59.6%. Key concern: 3 latest quarters had PAT decline worse than 25% YoY.
Usable, but needs evidence. Treat guidance with a margin of safety.
overall median 67 · Textiles: 42nd pctile, median 70 · Micro: 29th pctile, median 73
34 documents have extracted text, but claim history is not strong enough yet.
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Mixed Trust · low confidenceRead Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Trust positives
- ▸Promoter holding is 59.6%.
- ▸Promoter pledge is zero.
- ▸Promoter holding increased 2.5%.
- ▸FCF yield is 10.4%.
Trust risks
- ▸3 latest quarters had PAT decline worse than 25% YoY.
- ▸ROCE is low at 3.5%.
- ▸ROE is low at 1.1%.
- ▸1/4 latest quarters had positive YoY PAT growth.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Fundamentals
Valuation
- P/E
- 27.10
- P/B
- 0.42
- EV/EBITDA
- 5.87
- Market Cap
- 4043.00Cr
Profitability
- ROE
- 1.14%
- ROCE
- 3.52%
- ROA
- 0.31%
- Dividend Y
- 0.15%
Growth (CAGR)
- Revenue 5Y
- 2.19%
- EPS 5Y
- -74.67%
- Revenue 3Y
- 10.00%
- EPS 3Y
- 10.00%
Balance Sheet
- Debt/Equity
- 0.23
- Interest Coverage
- 2.81×
- Altman Z
- 2.43
- Book Value
- 1582.00
Cash Flow
- FCF Yield
- 10.36%
- FCF Positive Y
- 3/5
- OCF
- 546.00 Cr
- EPS TTM
- 7.12
Shareholding
- Promoter Hold
- 59.61%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 5%
Financial History
Updated 5/9/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
Business-comparable names in Textiles, ranked by similarity
Peers
Business-comparable names in Textiles, ranked by similarity
Peers
Business-comparable peers in Textiles — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.