Raymond Ltd. reported a significant surge in its second-quarter consolidated net profit, climbing 130% to Rs 32 crore for the July-September period of the current fiscal year. The textile and apparel conglomerate also saw its revenue jump 24% year-over-year, reaching Rs 655.16 crore.
The company's total income for the quarter rose to Rs 683.22 crore, compared to Rs 527.69 crore in the corresponding period of the previous fiscal. Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) also increased impressively by 74.4% to Rs 75 crore, up from Rs 43 crore a year ago. This robust performance boosted the EBITDA margin to 11.5% from 8.14% in the prior year's second quarter.
Market Reaction and Stock Performance
Following the earnings announcement after market hours on Tuesday, Raymond's stock closed 2.56% higher at Rs 1079.10 against its previous close of Rs 1052.15. This pushed the firm's market capitalization to Rs 7184 crore on the BSE. The company's shares have demonstrated strong performance over recent periods, gaining 81% in the last three months and a remarkable 153% throughout 2026.
In terms of technical indicators, the Relative Strength Index (RSI) for Raymond's stock stands at 46, signaling that it is currently neither overbought nor oversold. While the stock is trading lower than its 5-day, 10-day, 20-day, and 30-day moving averages, it remains above its 50-day, 100-day, 150-day, and 200-day moving averages, suggesting underlying long-term strength despite some recent short-term fluctuations.