Archive · 3 Aug 2026
Raymond Lifestyle CEO Ghosh Charts Turnaround Strategy Ahead
Raymond Lifestyle is a famous Indian clothing brand.
Its new boss, Satyaki Ghosh, joined in January 2024.
He wants to make the company stronger by closing stores that lose money and selling more high‑quality, stylish clothes.
He also plans to make casual clothes grow faster.
In the last quarter, the company earned more money but still lost a little.
Ghosh thinks that by focusing on better products and online sales, the company can grow again.
He also wants to change how fancy traditional clothes are sold, making them custom‑made.
The company will also try to sell more to other countries.
Ghosh hopes these changes will make investors happy again.
Satyaki Ghosh appointed fourth CEO of Raymond Lifestyle in January 2024.
Company aims to consolidate by closing loss‑making stores and focusing on premiumisation and casualisation.
FY27 targeted for consolidation, with growth driven by higher‑margin products and e‑commerce.
June quarter revenue rose 6% to ₹1,516 crore, but net loss widened to ₹23 crore.
Raymond Lifestyle plans to shift premium sherwani to made‑to‑measure and expand exports.
- Who
- Satyaki Ghosh, CEO of Raymond Lifestyle
- What
- Launches a turnaround strategy focusing on consolidation, premiumisation, casualisation, store closures, and product mix changes
- When
- Ghosh took over in January 2024; FY27 consolidation; June quarter results
- Where
- India, with stores in Bengaluru, Mumbai, and across the country
- Why
- To restore growth, rebuild shareholder confidence, and adapt to changing consumer preferences after leadership churn and sales slowdown
- CEO
- Satyaki Ghosh
- Fiscal Year Target
- FY27 consolidation
- Revenue (June quarter)
- ₹1,516 crore
- Net Loss (June quarter)
- ₹23 crore
- Store Count
- 1,627
- Key Strategy Pillars
- Premiumisation, Casualisation