Q2 and H1 FY2027 update: portfolio EBITDA rises 11% in Q2FY27 and 15% year to date
Raymond Group Q2 & H1 FY2027 update.
By ScoutQuest · · 2 min read
- Portfolio EBITDA Q2FY27
- ₹488 cr in Q2FY27 vs ₹439 cr, up 11%
- Lifestyle EBITDA Q2FY27
- ₹270 cr, 55% of Q2 portfolio
- Borrowing and cash
- Borrowing 0.43x EBITDA; cash reserves 82% of borrowing
Group scorecard
- Portfolio EBITDA for Q2FY27 was ₹488 cr against ₹439 cr in the same quarter last year, a rise of 11%.
- Year to date (September 2026), portfolio EBITDA was ₹792 cr against ₹690 cr, up 15%.
- Raymond Lifestyle Limited (RLL) delivered ₹270 cr of Q2 EBITDA against ₹259 cr, up 4%, and 55% of Q2 portfolio EBITDA. For the year to date it delivered ₹404 cr, which is 51% of the ₹792 cr total, up 6% from ₹381 cr.
- Raymond Realty Limited (RRL) delivered ₹115 cr against ₹101 cr, up 14%, and 24% of Q2 portfolio EBITDA. Year to date it delivered ₹185 cr against ₹142 cr, up 30%.
- Raymond Ltd. delivered ₹103 cr against ₹79 cr, up 30%, and 21% of Q2 portfolio EBITDA. Year to date it delivered ₹203 cr against ₹167 cr, up 22%.
- Realty plus Raymond Ltd. together now generate 49% of year-to-date EBITDA, ₹388.16 cr of ₹792 cr, which the presentation describes as a more balanced, multi-engine earnings mix.
Balance sheet and debt
- Consolidated annual EBITDA, on a trailing twelve-month average, is shown at ₹1,738 Cr.
- Borrowing is 0.43x EBITDA, cash reserves are 82% of borrowing, and equity deployed in assets is 51%.
- Concentration of funding sources and exposure to refinance risk are both described as well distributed.
- Short-term debt has come down from 74% of gross debt in 2020 to 38% in 2026.
- Liquidity is shown rising from ₹571 CR in FY20 to ₹2,791 CR in 2026.
- Average maturity of debt is 4.24 years, with the presentation describing a shift from short-term to longer-term financing.
Multi-year segment trend
- Lifestyle revenue moved from ₹2,836 cr in FY21 to ₹6,888 cr in FY26 (CAGR 19%), with EBITDA of ₹804 cr in FY26.
- Realty revenue moved from ₹141 cr to ₹2,991 cr (CAGR 84%), with EBITDA of ₹495 cr in FY26.
- Engineering revenue moved from ₹541 cr to ₹2,212 cr (CAGR 33%), with EBITDA of ₹335 cr in FY26.
What this update is
The update is a presentation of quarterly and half-yearly performance for the three listed businesses of the Raymond group. Read it as a status report: earnings grew at the portfolio level, the lifestyle business still supplies the largest share of profit, and the realty and engineering businesses are growing faster from a smaller base. The debt slides show lower reliance on short-term borrowings and a build-up in liquidity over the years shown.
Also from Raymond Lifestyle
Investor conference on November 05, 2026; Q2 & H1 FY27 results presentation to be used
2 Nov 2026
Raymond Lifestyle uploads audio recording of Q2/H1 FY27 investor conference held October 29, 2026
29 Oct 2026
Analyst Amit Goel said Raymond Lifestyle looks like a good stock to hold for the next three to four months with a possible run-up before Q4
29 Oct 2026
More numbers
- Consolidated Annual EBITDA (trailing twelve-month average)₹1,738 Cr
- Borrowing as a multiple of EBITDA0.43x
- Cash reserves as % of borrowing82%
- Liquidity in 2026₹. 2,791 CR
- Average maturity of debt4.24 years
- Portfolio EBITDA Q2FY27488
- Portfolio EBITDA Qo-Q growth Q2FY2711%
- Raymond Lifestyle Limited EBITDA Q2FY27270
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