Raymond (RAYMOND) investor relations material

Executive summary

• Achieved 10% year-over-year growth in consolidated total income for FY26, reaching ₹2,312 Cr, with Q4 income up 2% year-over-year to ₹613 Cr.

• EBITDA for FY26 was stable at ₹335 Cr, with margin at 14.5% versus 15.9% in FY25; Q4 EBITDA margin declined to 13.9% from 16.4% year-over-year.

• Net profit for FY26 was ₹99 Cr, down 20% year-over-year; Q4FY26 net profit was ₹25 Cr, down 43% year-over-year.

• Company remains net debt-free, ending FY26 with a net cash surplus of ₹68 Cr.

• Major corporate restructuring included the demerger of Lifestyle and Realty businesses, now reported as discontinued operations.

Financial highlights

• FY26 revenue from operations grew 14% to ₹2,212 Cr; Q4FY26 revenue was ₹603 Cr.

• EBITDA for FY26 was ₹335 Cr, unchanged from FY25, with margin compression due to lower non-operating income.

• Net cash surplus of ₹68 Cr as of March 2026; company remains debt-free.

• One-time gain of ₹13 Cr from land sale in Q2FY26.

• Exceptional gains from demergers: ₹7,33,784 lakhs (Lifestyle) and ₹5,35,592 lakhs (Realty) recognized as one-time items.

Outlook and guidance

• Management expects to maintain historical growth rates and EBITDA margins in FY27, supported by robust demand and ongoing cost efficiency programs.

• Aerospace segment targets 25% annual growth, with new Andhra plant contributing from FY29.

• Expansion projects in Andhra Pradesh for both Precision Technology & Auto Components and Aerospace & Defence are progressing, with commercial production expected to begin in late 2027.

• CapEx of ₹930 Cr planned over five years, with ₹500 Cr for Aerospace & Defence and ₹430 Cr for Precision Technology & Auto Components.

• Continued focus on supply chain diversification, EV and hybrid market penetration, and international expansion.