25 June, Mumbai 2025
Raymond Lifestyle reported a consolidated net loss of Rs 45 crore in Q4, FY25. This marks a significant downturn compared to the net profit of Rs 236 crore recorded in the same period of fiscal year 2024. According to IANS news agency, this weaker performance was primarily due to a substantial drop in revenue and margins, coupled with increasing operational costs.
Raymond Lifestyle's revenue from operations decreased by 11.3 per cent Y-o-Y to Rs 1,494 crore in Q4 FY25 from Rs 1,684 crore in Q4 FY24. In its stock exchange filing, the company attributed this decline to weak consumer demand and the disruptive impact of a ransomware attack that affected its operations.
Acknowledging the challenging business environment, Gautam Singhania, Executive Chairman, said, the brand’s performance this year suffered, primarily due to weak consumer demand and challenging macro-economic conditions.
However, despite this setback, the Raymond Group has announced that the company will invest Rs 1,200 crore to set up manufacturing units for garments, auto parts, and aerospace components in in Andhra Pradesh. These new facilities will come up in the Hindupur region of the state.
