Raymond Q4FY26 Results: Profit Falls 53% Despite Revenue Growth

Raymond Ltd. reported a mixed performance for the fourth quarter of FY26. Revenue from operations rose to ₹602.91 crore, up around 8% from ₹557.46 crore in the same period last year.

Profit, however, moved in the opposite direction. Net profit came in at ₹11.93 crore, down 53% from ₹25.42 crore.

Revenue has grown, but profit has dropped, and that is what stands out this quarter.

What Do The Numbers Indicate?

Looking a bit closer, rising expenses seem to have played a part. Total costs have risen to ₹587.14 crore compared to ₹556.85 crore last year. At the same time, the company reported an exceptional loss of ₹20.03 crore, which weighed on profitability for the quarter.

Operating performance also saw some pressure. EBITDA declined to around ₹85 crore, with margins narrowing to 13.9% from 16.4% a year ago.

That said, the underlying business was not weak across the board.

Growth in the aerospace and defence business stayed steady, backed by scaling and continued focus on product development. The precision engineering and auto components business also reported growth, helped by better operating leverage.

So while revenue moved up, profitability took a hit due to a mix of higher costs, margin compression, and one-off impacts.

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What Is Shaping Raymond’s Performance Going Forward?

Raymond Ltd. has come a long way since its beginnings in the textile business in 1925. Today, the group operates across textiles, apparel, denim, consumer care, engineering, and real estate, giving it a fairly diversified base.

Even in this quarter, that diversification shows. There was some pressure on profitability, with one-off items and higher costs weighing on the numbers. That said, newer areas like engineering and aerospace continued to perform steadily.

Markets did react positively, though. The Raymond stock opened at ₹457.15 on 06 May 2026. By around 1:50 PM, it was trading close to ₹483.65, up over 9%.

What stands out from here is the mix of businesses. It gives the company some cushion, especially if margins start to recover. At the same time, costs and one-off items are still part of the picture.

Then there is the question of how the newer segments shape up. If they keep growing steadily, they could help balance the ups and downs in the core textile business.

Sources:

Business Standard

Zee Business