Employees: 21,646
Size Raymond Lifestyle (RAYMONDLSL.NS) is an India Consumer Discretionary company (Apparel/Footwear) with a market value of $343M, the 1001st largest of 1,058 India companies the cockpit tracks. Shares closed at ₹530.60 on 6 Nov 2026.
Performance Over six months the shares fell 34.7%, against -24.9% for the median peer and 0.0% for the India market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue grew 10.8% over the last twelve months (peer median +6.2%); the operating margin is 2.6% (peer median 5.7%).
Valuation It trades at 19.7× forward earnings against a peer median of 9.8× (5th most expensive of 15).
Price implies For today's price to make sense, revenue must grow about 20% a year for seven years (Req g). Recent delivered growth is +276%, so the hurdle is -256 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 9.8 points below its cost of capital (11.0% WACC).
Next results Next results expected around 14 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹72.2B | ₹68.5B | ₹61.5B | ₹65.1B | ₹1.29B |
| Revenue growth | — | +11% | -6% | +4,954% | — |
| Gross profit | ₹17.4B | ₹16.3B | ₹13.7B | ₹17.3B | ₹462M |
| EBITDA | ₹5.95B | ₹6.79B | ₹4.61B | ₹9.11B | ₹341M |
| Net income | ₹357M | ₹462M | ₹382M | ₹4.80B | ₹360M |
| Free cash flow | n/a | ₹2.81B | ₹1.11B | -₹1.93B | ₹89.5M |
| Capital expenditure | n/a | ₹1.84B | ₹2.19B | ₹1.53B | ₹7.05M |
| Total debt | ₹29.3B | ₹21.9B | ₹22.8B | ₹15.3B | ₹45.1M |
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| Measure | RAYMONDLSL.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.1% | -8.5% | 5th lowest of 21 |
| 6-month return | -34.7% | -24.9% | 3rd lowest of 21 |
| Distance from 52-week high | -57.3% | -41.5% | 3rd lowest of 21 |
| Revenue growth (TTM) | +10.8% | +6.2% | 7th highest of 21 |
| Operating margin | 2.6% | 5.7% | 7th lowest of 21 |
| Forward P/E | 19.7× | 9.8× | 5th most expensive of 15 |
| Growth the price implies (Req g, 7 yrs) | 20.0% | 14.6% | 4th most demanding of 16 |
| Growth delivered (Del g) | +276.1% | +8.2% | highest of 16 |
| Hurdle (Req g minus delivered) | -256.1 pp | +6.9 pp | least demanding of 16 |
| ROIC minus cost of capital | -9.8 pp | -0.5 pp | 5th lowest of 21 |
| EV / EBITDA | 8.1× | 7.0× | 6th most expensive of 12 |
| Net debt / EBITDA | 2.7× | 0.1× | 2nd most indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Raymond Lifestyle RAYMONDLSL.NS | India | $343M | -35% | +11% | 3% | 19.7× | 20.0% | +276.1% |
| Great Giant Fibre Garment 4441.TW | Taiwan | $343M | -14% | +58% | 15% | 8.6× | -11.8% | +10.4% |
| Jiangsu Times Textile Technology 001234.SZ | China | $335M | -34% | +1% | 5% | n/a | 16.2% | +3.9% |
| Annil 002875.SZ | China | $350M | -56% | +9% | -5% | n/a | n/a | n/a |
| Jinhong Fashion 603518.SS | China | $357M | -30% | -4% | 8% | 8.1× | -5.8% | +4.6% |
| Sports Gear 6768.TW | Taiwan | $359M | -26% | -2% | 0% | 11.0× | 15.4% | +8.6% |
| Beijing Sanfo Outdoor Products 002780.SZ | China | $326M | -22% | +30% | 7% | 20.9× | 14.6% | +15.4% |
| Anzheng Fashion 603839.SS | China | $323M | -29% | +11% | -7% | n/a | 10.8% | -8.1% |
| Guangdong Wanlima Industry 300591.SZ | China | $321M | -33% | +6% | -11% | n/a | 41.8% | +8.5% |
| Lux Industries LUXIND.NS | India | $370M | -23% | +4% | 5% | 23.5× | n/a | n/a |
| Guangdong Hongxing Industrial 001209.SZ | China | $312M | -28% | +1% | 2% | n/a | 23.7% | +10.1% |
| Vrg VRG.WA | Poland | $310M | -2% | +14% | 10% | 8.2× | -3.4% | +12.0% |
| F&F 007700.KS | South Korea | $380M | -31% | +7% | 23% | 1.2× | n/a | n/a |
| Fulgent Sun International (Holding) 9802.TW | Taiwan | $382M | -22% | +11% | 6% | 8.1× | n/a | n/a |
| Shanghai Kaikai Industrial 600272.SS | China | $386M | +3% | +1% | 3% | n/a | 15.2% | +8.2% |
| Regina Miracle International (Holdings) 2199.HK | Hong Kong | $386M | +26% | -2% | 8% | 5.8× | -9.2% | +5.3% |
| Rocky Brands RCKY | United States | $387M | +37% | +11% | 10% | 12.6× | 10.6% | +11.7% |
| Shenzhen Ellassay Fashion 603808.SS | China | $401M | -35% | 0% | 10% | 13.1× | -15.0% | +7.8% |
| Anhui Anli Material Technology 300218.SZ | China | $402M | -20% | -3% | 3% | 27.0× | 25.1% | +8.0% |
| Xin Hee 003016.SZ | China | $404M | -24% | +9% | 2% | 27.0× | 14.9% | -4.2% |
| China Lilang 1234.HK | Hong Kong | $406M | -27% | +21% | 12% | 4.8× | n/a | n/a |