Raymond Limited reported a 13% year-on-year increase in consolidated total income to ₹628 crore in the first quarter of FY27, compared with ₹555 crore in the corresponding quarter last year. Revenue from operations stood at ₹606 crore, marginally higher than ₹603 crore in the previous quarter and up from ₹524 crore in Q1 FY26.
Operating performance improved during the quarter, with EBITDA rising 14% year-on-year to ₹100 crore, compared with ₹87 crore in Q1 FY26 and ₹85 crore in Q4 FY26. EBITDA margin expanded to 15.9%, up from 15.7% a year ago and 13.9% in the preceding quarter.
Profitability strengthened further, with profit before tax (PBT) increasing 38% year-on-year to ₹42 crore, against ₹30 crore in Q1 FY26 and ₹25 crore in Q4 FY26. The PBT margin improved to 6.7%, compared with 5.4% in the year-ago period and 4.1% in the previous quarter.
Net profit rose 50% year-on-year to ₹31 crore, up from ₹21 crore in Q1 FY26 and ₹12 crore in the March quarter, reflecting improved operating performance and the absence of exceptional losses recorded previously.
Total expenses stayed largely stable sequentially at ₹528 crore versus ₹527 crore in Q4 FY26, while rising from ₹468 crore a year earlier in line with business growth. Depreciation remained broadly steady at ₹38 crore, while interest expense declined to ₹20 crore from ₹23 crore.
The company also reported a net cash surplus of ₹129 crore, underlining a healthy balance sheet as it enters FY27 with stronger operational momentum.
