Raymond Lifestyle's profit falls 33% in Q3 FY26
One-time labour code expense impacts quarterly profitability despite revenue growth
Raymond Lifestyle revenue growth
Mumbai: Raymond Lifestyle Limited on Tuesday reported a 33 per cent drop in its net profit for the December quarter (Q3 FY26), mainly due to a one-time expense linked to the implementation of new Labour Codes.
The company’s profit fell to Rs 43 crore, compared to Rs 64 crore in the same period last financial year (Q3 FY25), according to its stock exchange filing.
The decline in profitability was largely because of a one-time cost of Rs 42.68 crore related to changes under the new labour regulations.
However, the company’s overall business performance remained positive, with revenue showing steady growth.
Raymond Lifestyle’s revenue rose by 5.4 per cent to Rs1,849 crore during the quarter, up from Rs1,754 crore a year ago.
