New Delhi, July 6 -- Raymond Lifestyle, listed with much fanfare and big ambitions on 5 September. The company was demerged from its parent,Raymond, as part of a broader plan to unlock value for shareholders. The lifestyle brand was listed at Rs.3,100 a share, giving it a market capitalisation of Rs.18,256 crore. The goal was bold-to double Ebitda to more than Rs.2,000 crore by FY28, backed by an annual sales growth of 12-15%.

However, what followed was far from ideal. In FY25, revenue fell 5% to Rs.6,360 crore due to weak consumer demand, while margins contracted by 610 basis points to 10.2%. Net profit declined even more sharply, crashing 80% to Rs.100 crore. As a result, the stock price slumped nearly 70% by April, hitting a low of Rs...