RRRaymond Realty544420Periodic business update

Raymond Group Q2 & H1 FY2027 update: portfolio EBITDA ₹488 cr vs ₹439 cr, realty up 30% YTD

Raymond Group Q2 & H1 FY2027 update: portfolio EBITDA ₹488 cr in Q2FY27 vs ₹439 cr a year earlier, and ₹792 cr vs ₹690 cr for the half year.

By ScoutQuest · Mon 2 Nov 2026, 11:45 PM IST · 2 min read

Portfolio EBITDA Q2FY27

₹488 cr in Q2FY27 vs ₹439 cr a year earlier

Raymond Realty EBITDA

₹115 cr, with 30% YTD growth

Borrowings / Cash Reserves

Borrowings 0.43x of annual EBITDA; cash reserves 82% of borrowing

What this update is

Raymond Realty Limited has shared the Raymond Group's Q2 and H1 FY2027 updates — a business presentation covering all three listed Raymond businesses together: Raymond Lifestyle Limited, Raymond Realty Limited and Raymond Ltd. So a good part of what is shared belongs to the group as a whole, not only to the realty business.

Earnings scorecard

• Portfolio EBITDA of 488 in Q2FY27, against 439 in the same quarter a year earlier.
• Half-year portfolio EBITDA of 792 (Sep'26 YTD) against 690 (Sep'25 YTD).
• Raymond Realty Limited's own EBITDA was 115 in Q2FY27, and its half-year EBITDA rose 30% year-on-year.
• The update notes that the non-lifestyle verticals (Realty plus Raymond Ltd.) now generate close to half of YTD EBITDA, which it presents as a more balanced, multi-business earnings mix.
• Raymond Lifestyle is described as the largest single contributor to group EBITDA, with single-digit growth.

Balance sheet and risk view

• Borrowing is 0.43x of consolidated annual EBITDA.
• Cash reserves are equal to 82% of borrowing.
• Concentration of funding sources and exposure to refinance risk are both described as well distributed.
• The debt section walks through a multi-year shift: a much smaller share of gross debt sitting in short-term borrowings, a longer average maturity of debt, and a steady build-up of liquidity from FY20 to FY26.
• A debt profile chart traces net debt to EBITDA and the cost of debt across several years, moving from elevated levels in the early years to a much lower net debt to EBITDA recently.

How to read it

• These are EBITDA figures — earnings before interest, tax, depreciation and amortisation. EBITDA reflects operating-level earnings and does not capture interest cost, depreciation or tax, so it is not the same as net profit.
• The scorecard is a consolidated segmental view across the three listed companies; the realty business's own line is the 115 Q2FY27 figure.
• The update says the periodic business risk evaluation is approved by the board of each listed company independently, so the risk panels are presented group-wise.
• The presentation also carries multi-year revenue and EBITDA trend charts for the lifestyle, realty and engineering businesses, showing how each has grown over time.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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