Raymond Lifestyle Ltd

Encumbrance Release

• Target company: Raymond Lifestyle Limited.
• Encumbrance type: pledge release.
• Pre-event encumbered: 86,21,568 shares (14.15%); post-event: 86,11,568 shares (14.14%).
• Promoter: J.K. Investors (Bombay) Limited.
• Entity in favour: Aditya Birla Finance Limited.
• Reason: repayment of loan by the company/group companies; encumbrance released.
• Date of release: 17 August 2026.
• Governance impact: no change in control indicated.

Financial Performance

• Total income for Q1 FY27: INR 1,560 crore, up 6% YoY.
• EBITDA at INR 135 crore, up 11% YoY; margin 8.6%.
• Net cash surplus INR 154 crore as of June 2026; swing of INR 209 crore vs June 2025.
• Net working capital days improved 15 to 75 in Q1 FY27.
• Active network 1,627 stores across 600 cities; exits 133 underperforming; opens 85 high-yielding.
• Segment reporting reorganized into five: Branded Textiles, Branded Apparel, Garmenting, High Value Shirting, Emerging Business.
• Branded Textiles revenue INR 684 crore; EBITDA INR 95 crore; margin 13.9%.
• Branded Apparel revenue INR 349 crore; EBITDA INR 18 crore; margin 5.1%.
• Garmenting revenue INR 296 crore; EBITDA INR 22 crore; margin 7.3%.
• High Value Cotton Shirting revenue INR 195 crore; EBITDA INR 19 crore; margin 9.7%.
• Emerging Business revenue INR 79 crore; growth 9% YoY.
• Loyalty program reaches 12.4 million members; GEP launched in 2026.
• Year of consolidation; focus on restoring sustainable profitability.

Segment Trends and Operations

• Garmenting orders booked for January onwards; capacity full through December.
• US-India tariff rationalization boosted demand; expansion into UK and EU markets.
• New clients: Next (UK); El Corte Ingles (Spain); OVS (Italy); Carl Gross (Germany); TM Lewin (UK).
• Ethnix moving to Made-to-Measure MTM; premium wear focus; MTM strategy.
• EBO net openings negative this year; TRS and D2C expansion planned; high-impact stores to open.
• Flagship stores planned in Mumbai areas like Linking Road and Santa Cruz.

Balance Sheet and Cash Flow

• Debt-free with net cash INR 154 crore as of June 2026.
• Loyalty program reaches 12.4 million members.
• GEP launched in 2026 to drive customer engagement.

Guidance and Outlook

• Transformation aims to double turnover in 3–5 years; EBITDA growth faster than topline.
• Long-term EBITDA margins targeted in mid-to-high teens.
• Capex and store expansion to be balanced; ROCE not the primary metric.
• Renewable energy share targeted at 25% by 2030.
• Order book secured through December; Q4 bookings already started.

Q&A Highlights

• RAW material costs rising; price hikes planned calibrated: apparel 5–7%, fabric 7–9%.
• First-quarter margins held; volumes supported by premiumization and mix shift.
• Depreciation includes INR 11 crore one-off; not repeated.
• Garmenting orders remain strong; five factories in Karnataka, one in Andhra, one in Ethiopia; January bookings.
• Vertical integration enables fabric-to-garment supply for Indian brands.

Meeting Details

• Date and time: 3 August 2026, 4:00 PM IST.
• Type and mode: group conference call, virtual dial-in.
• Organiser: Raymond Lifestyle Limited.
• Key participants: CEO, CFO, Head of Investor Relations.
• Purpose: discuss Q1 FY27 financial performance for quarter ending June 30, 2026.

Meeting Details

• Board to meet on July 31, 2026 to consider unaudited standalone and consolidated Q1 results.

Key Agenda Items

• Unaudited standalone and consolidated Q1 2026 results to be approved.

Other Notes

• Trading window closed until 48 hours after results declaration.

Dematerialisation status

• Dematerialisation requests were processed and confirmed to depositories as accepted or rejected.
• Securities dematerialised have been listed on the exchanges where existing issues are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled; depository name substituted as registered owner within timelines.

CEO/WTD appointment

• Appointment of Mr. Satyaki Ghosh as Whole Time Director and CEO.
• Appointed Additional Director and WTD on 6 May 2026.
• Designation: WTD designated as Chief Executive Officer.
• Effective date: 6 May 2026.
• Term: five years from 6 May 2026 to 5 May 2031.
• Reason for change: appointment as WTD and CEO.
• Shareholders approved appointment at AGM held on 14 July 2026.
• Profile: 29 years’ experience across FMCG, textiles, retail; leadership at Aditya Birla Group and L’Oréal India.
• Disclosure: Not related to any Directors or KMP.

AGM Details

• AGM held 14 July 2026 via VC/OAVM, 3:30 PM–4:25 PM.
• Record date was 7 July 2026; total on record 156,689.
• 67 attendees participated via VC/OAVM (8 promoter group, 59 public).

Key Resolutions

• Resolution 1: Adopt audited standalone and consolidated financial statements and reports.
• Resolution 2: Declare final dividend of Re. 1 per share.
• Resolution 3: Re-appoint Gautam Hari Singhania as Director (retiring by rotation).
• Resolution 4: Ratify remuneration payable to Cost Auditors for FY 2026-27.
• Resolution 5: Approve payment of commission to Non-Executive Directors based on net profits.
• Resolution 6: Appoint Satyaki Ghosh as Director and CEO.

Voting Results

• All six resolutions passed with the requisite majority; minor opposition in several items.

Dividend

• Final dividend of Re. 1 per share approved.

Director Changes

• Gautam Hari Singhania reappointed as Director (retiring by rotation).
• Satyaki Ghosh appointed as Director and CEO.

Auditors

• Remuneration payable to Cost Auditors for FY 2026-27 ratified.

Related Party Transactions

• No material related party transactions approved.

Other Material Approvals

• No other material approvals disclosed.

AGM Details

• 8th AGM held July 14, 2026 at 03:30 p.m. via VC/OAVM.

Resolutions

• Adopt standalone and consolidated financial statements for FY2026.
• Declare final dividend of Re. 1 per share for FY2025-26.
• Re-appoint Gautam Hari Singhania as Director on rotation.
• Ratify remuneration of Cost Auditors for FY2026-27.
• Approve payment of Commission to Non-Executive Directors based on Net Profits.
• Appoint Satyaki Ghosh as Director and Whole-time CEO.

Voting status

• Voting results to be disseminated to stock exchanges and the company website.

Encumbrance creation details

• Target company: Raymond Lifestyle Limited.
• Type: Pledge created for loans.
• Pre-encumbrance: 50,88,676 shares (8.35%).
• Post-encumbrance total: 86,21,568 shares (14.15%).
• Promoter: J.K. Investors (Bombay) Limited.
• Lender: Bajaj Finance Limited.
• Reason: Collateral for loans taken by the Company/Group Companies.
• Date of creation: 22/06/2026.
• Promoter total holding: 2,31,65,400 shares (38.02%).