Archive · 20 Jan 2026
Raymond Lifestyle Aims for Revival
Raymond Lifestyle, a big part of the Raymond Group, is trying to grow and become more profitable.
They have new leaders, Satyaki Ghosh and Prasad E Chathaur, who will help them do this.
The company has a lot of stores, but they are closing some that aren't doing well.
They are focusing on selling more clothes in India, especially for weddings.
They also want to sell more types of clothes, like sleepwear and innerwear.
Experts think the company will make more money this year, but it might be a bit harder to make a profit because of competition and other challenges.
Raymond Lifestyle, contributing 60% of the Raymond Group's revenue, aims for revival with new leadership.
New CEO Satyaki Ghosh and CFO Prasad E Chathaur take over after previous leaders exited in 2023.
The company operates 1,700 stores, with 41 new stores opened and 66 underperforming ones closed in H1 FY26.
Bloomberg estimates project 7.2% revenue growth, 18.4% profit growth, and 28.9% Ebitda growth for Q3FY26.
Challenges include competition in menswear, tariff uncertainties, and the need to diversify beyond core menswear.
- Who
- Raymond Lifestyle, a subsidiary of the Raymond Group, with new leadership Satyaki Ghosh (CEO) and Prasad E Chathaur (CFO)
- What
- Raymond Lifestyle is focusing on revival and consolidation of its retail network
- When
- The new leadership took effect this month, with the company announcing its third-quarter results on January 27
- Where
- The operations are primarily focused in the domestic market, with a network of 1,700 stores
- Why
- To drive growth and profitability, the company is prioritizing domestic demand and expanding into newer categories
- Company
- Raymond Lifestyle
- Revenue Contribution
- 60% of Raymond Group's topline
- New Leadership
- Satyaki Ghosh (CEO), Prasad E Chathaur (CFO)
- Store Count
- 1,700 stores
- Q3FY26 Revenue Growth
- 7.2% (estimated)
- Q3FY26 Profit Growth
- 18.4% (estimated)
- Q3FY26 Ebitda Growth
- 28.9% (estimated)
- FY25 Turnover
- Rs 6,177 crore
- FY25 Profit
- Rs 382 crore