IT officials conduct survey at Raymond Lifestyle, company responds

Apparel maker Raymond Lifestyle Limited said on Friday that officials from the Income Tax Department visited some of its offices and manufacturing units in India as part of a survey under Section 133A of the Income Tax Act, 1961.

The company said the proceedings are ongoing and that it is extending full cooperation to the authorities.

"We hereby inform that yesterday certain officials of the Income Tax Department visited some of the Company’s offices and manufacturing units in India for conducting a survey action under Section 133A of the Income Tax Act, 1961. The proceedings are underway and the Company is extending its full cooperation to the officials," the company stated

Raymond Lifestyle, formerly known as Raymond Consumer Care Limited, operates corporate offices in Thane, Maharashtra, and manufacturing units in Chhatrapati Sambhajinagar. The company made the disclosure in a filing to the BSE and NSE, and also posted it on its corporate website.

Raymond Lifestyle Q1 Results

Raymond Lifestyle Ltd reported a lower net loss of ₹19.8 crore for the first quarter that ended June 30, 2025. In the year-ago quarter, Raymond Lifestyle had posted a net loss of ₹23.2 crore.

Revenue from operations increased 17.2% to ₹1,430 crore against ₹1,220 crore in Q1FY25, led by strong growth in branded textile and apparel.

At the operating level, EBITDA jumped 30.8% to ₹78.1 crore in the first quarter of this fiscal over ₹59.7 crore year-on-year. The EBITDA margin expanded to 5.4% from 4.9% last year, on account of higher sales, improved product mix and operating leverage.

Also Read: Jindal Steel commissions 5 MTPA blast furnace in Odisha, on track for 12 MTPA capacityRead about our editorial guidelines and ethics policy