Raymond Lifestyle Ltd News

Sunil Kataria to step down as MD, board member of Raymond Lifestyle

"Sunil (Kataria) has been instrumental in strengthening Raymond Lifestyle's market presence and leading the company through phase one of our transformation," said Singhania

Raymond Lifestyle Q3 results: Net profit falls 60.5% to Rs 64.17 cr

Raymond Lifestyle Ltd on Thursday reported a 60.5 per cent decline in consolidated net profit at Rs 64.17 crore in the third quarter ended December 31, 2024, impacted by weak market conditions and higher expenses. The company had posted a net profit of Rs 162.43 crore in the same quarter last fiscal, Raymond Lifestyle said in a regulatory filing. Revenue from operations in the quarter under review stood at Rs 1,754.21 crore as against Rs 1,726.26 crore in the year-ago period, it added. Total expenses in the third quarter were higher at Rs 1,708.37 crore as compared to Rs 1,546.22 crore in the corresponding period last fiscal. The cost of materials consumed was higher at Rs 366.02 crore as against Rs 339.47 crore in the year-ago period, the company said. "Q3FY25 continued to be a challenging quarter for our business. Despite weaker market conditions, our efforts have resulted in low single-digit revenue growth," Raymond Lifestyle Managing Director Sunil Kataria said. The company sa

Raymond Lifestyle up 3% as Motilal Oswal reiterates 'Buy'; 49% upside eyed

The northward movement in Raymond Lifestyle's share price followed domestic brokerage firm Motilal Oswal reiterating a 'Buy' rating, maintaining a target price of Rs 3,000

Shareholders approve Gautam Singhania as Raymond Lifestyle chairman

Gautam Hari Singhania has been appointed executive chairman of Raymond Lifestyle Limited, with 86.85% shareholder approval, despite sharp criticism over governance and reputational risks

Raymond Lifestyle plunges 8%, at new low on weak Q2 operational performance

Q2 earnings impact: Total income was down 6.2% to Rs 1,735 crore, due to subdued demand and logistics delays in Garmenting business.

Raymond Lifestyle to hire 9,000 workers for hundreds of new stores

Raymond's garments business, which exports to the United States, Europe and Japan, reported sales of Rs 1,139 cr last year, accounting for over a tenth of the group's revenue