General Updates

RL/SE/26-27/83 November 2, 2026 The Department of Corporate Services - CRD The National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor P.J. Towers, Dalal Street Bandra-Kurla Complex Mumbai - 400 001 Bandra (East), Mumbai - 400 051 Scrip Code: 500330 Symbol: RAYMOND Dear Sir/Madam, Sub: Raymond Group Q2 and H1 FY2027 update Pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we enclose herewith the Raymond Group Q2 and H1 FY2027 update. The Presentation is also available on the website of the Company i.e. www.raymond.in. This is for wider dissemination. Thanking you. Yours faithfully, For Raymond Limited Rakesh Darji Company Secretary Encl.: A/a Raymond Group Q2 & H1 FY2027 updates Index Executive Summary 3-7 Group Financial Scorecard 8-10 Portfolio Overview 11-15 Raymond Lifestyle Limited 16-18 19-21 Raymond Realty Limited 22-24 Raymond Limited 25-27 Governance and Risk 28-31 ESG and People Executive Summary Executive Summary: Group Performance ASSET RISK CASHFLOW RISK SYSTEM RISK Asset Leverage EBITDA Profile Liquidity Risk Equity deployed in Assets Consolidated Annual EBITDA Cash reserves as % of borrowing 51% ₹1,738 Cr* 82% Funding Risk Leverage Risk Market Risk Concentration risk of funding sources Borrowing as a multiple of EBITDA Exposure to refinance risk Well Distributed 0.43x Well Distributed Periodic business risk evaluation is approved by Boards of each listed Company Independently EBITDA: Earnings before Interest Tax Depreciation & Amortization | Data as on 30th September 2026 | Liquidity/Cash Balance: Cash and Cash Equivalents + Bank Balance + Current Investments + Market value of marketable securities (non- current investments), balance held as margin money & deposits for more than 12 months. | *Trailing Twelve-Month average | Executive Summary: Group Performance Lifestyle Business Realty Business Engineering Business Revenue (₹. Cr) CAGR: 19% Revenue (₹. Cr) CAGR: 84% Revenue (₹. Cr) CAGR: 33% 6,888 6,554 6,535 6,177 2,991 2,212 4,977 1,947 2,320 1,593 2,836 1,115 812 864 973 707 541 FY21 FY22 FY23 FY24 FY25 FY26 FY21 FY22 FY23 FY24 FY25 FY26 FY21 FY22 FY23 FY24 FY25 FY26 EBITDA (₹. Cr) CAGR: 67% EBITDA (₹. Cr) CAGR: 86% EBITDA (₹. Cr) CAGR: 32% 495 335 335 1,091 437 1,015 642 651 123 122 120 62 22 FY21 FY22 FY23 FY24 FY25 FY26 FY21 FY22 FY23 FY24 FY25 FY26 FY21 FY22 FY23 FY24 FY25 FY26 Note: Figures for FY22 and FY23 are based on segmental financials post IndAS116 as reported by Raymond Ltd. prior to demerger. Pre-demerger the entity financials are reinstated from the audited consolidated financials. Debt Transition & Balance Sheet De-Risking Debt Reduction Strong Liquidity Build Up Strategic Liability Shift Short Term Debt reduced from 74% of Gross debt in 2020 Liquidity increased from ₹. 571 CR in FY20 to ₹. 2,791 CR in Successfully transitioned from high-pressure short term to 38% in 2026. 2026. debt to stable long-term financing. Average maturity of Debt: 4.24 years Raymond Portfolio: Debt Profile Net Debt/EBITDA Cost of Debt Average maturity: 4.24 years 31st March'20 31st March'21 31st March'22 31st March'23 31st March'24 31st March'25 31st March'26 EBITDA: Earnings before Interest Tax Depreciation & Amortization | Data as on 31stMarch 2026 | Net Debt/EBITDA: Net Debt to Earnings Before Interest, Taxes, Depreciation, and Amortization | Net debt: Gross debt less cash 7 balances | Cash Balance: Cash and Cash Equivalents + Bank Balance + Current Investments + Market value of marketable securities (non-current investments), balance held as margin money & deposits for more than 12 months. Group Financial Scorecard Group Financial Scorecard All figures in ₹cr| Consolidated Segmental EBITDA Overview Portfolio Portfolio EBITDA Q2FY27 Q2FY26 Qo-Q Growth Sep'26 YTD Sep'25 YTD Yo-Y Growth Contribution Contribution Raymond Lifestyle Limited (RLL) 270 259 4%5 55% 404 381 6%5 51% Raymond Realty Limited (RRL) 115 101 14%5 24% 185 142 30%5 23% Raymond Ltd. 103 79 30%5 21% 203 167 22%5 26% Portfolio EBITDA 488 439 11% 100% 792 690 15% 100% Diversified Earnings Mix Double-Digit Portfolio EBITDA Growth Anchor Profit Engine (RLL) Non-lifestyle verticals (Realty + Raymond Ltd.) Total portfolio EBITDA expanded +11% in Raymond Lifestyle Limited represents the now generate 49% of YTD EBITDA (388.16 of Q2FY27 (488 vs. 439) and +15% YTD (792 vs. bedrock of earnings, delivering 55% of Q2 792), signalling an increasingly balanced, multi- 689). EBITDA (270) and 51% of YTD EBITDA (404) engine growth profile. with steady single-digit expansion (4% in Q2, 6% YTD) Group Financial Scorecard All figures in ₹Cras of 30thSeptember 2026| Consolidated Segmental EBITDA Overview Net Long Term Avg. Maturity of Listed Entity Net Debt/EBITDA FFO (TTM*) Cash Balance Long Tem Debt Net LTD/FFO* Debt LTD (Years) Raymond Lifestyle -0.05 461 1924 436 -1488 -3.23 4.65 Limited Raymond Realty Limited 1.70 319 768 460 1.44 3.9 Raymond Limited -0.34 247 1151 443 -707 -2.86 4.57 Consolidated 0.43 1027 3382 1647 -1736 -1.69 4.24 Conversion Total Revenue* EBITDA* FFO* Conversion ₹ 13,115 ₹ 1,738 ₹ 1,027 Conversion Borrowings is total of Non-current and Current Borrowings as per H1 FY27 Financials |Cash Balance: Cash and Cash Equivalents + Bank Balance + Current Investments + Market value of marketable securities (non-current investments), balance held as margin money & deposits for more than 12 months. | Net Debt/EBITDA: Net Debt to Earnings Before Interest, Taxes, Depreciation, and Amortization |FFO: EBITDA-Finance cost-Tax paid| FFO: Funds From Operations | LTD: Long-Term Debt | Net LTD: Net Long-Term Debt | Net LTD/FFO: Net Long-Term Debt to Funds From Operations | Avg. Maturity: Average Maturity of Long-Term Debt (Years) | *Trailing Twelve-Month average | Portfolio Overview Raymond Portfolio: Pure-Play Platforms Raymond Group Raymond Lifestyle Raymond Realty Raymond Limited Limited 2 Branded Branded Emerging Invictus by GS Address by GS TenX District Park Street Textiles Apparel Business Precision 2 Garmenting High Value Aerospace & Technology and Cotton Shirting Defence Auto Components Everyday Consumer Relevance: A Nationwide Base of 12.4 Million Weaving Atmanirbhar Bharat: 100 Years of Make in India From replacing foreign textile imports in 1925 to engineering critical components for aerospace, defence, and EV sectors, Raymond anchors India’s sovereign industrial capability. 2010s-2020s Lifestyle:Expanded digital channels and sustainable fashion lines. 1980s-2000s Engineering:Diversified into high- Lifestyle:Expanded retail and precision automotive and industrial 1950s-1970s launched ‘The Complete Man’ amid components. global youth fashion trends. • Growing demand for aspirational Realty:Formally launched Raymond clothing. 1920s-1940s Engineering:Emerged as a leading Realty in Thane (2019) to meet urban global manufacturer of files and housing demand. Expanded production & built retail • Import dependency for tools. stores. domestic textiles. • Realty:Owned vast Thane/Mumbai • Made fine suiting accessible to the Established woollen mill land amid growing space middle class. mills in Thane (1925) constraints. • Aligned with India’s self reliance sprit. Made in India, Made for the world: Scaling aerospace, defense, and EV engineering via MPPL, alongside asset-light sustainable realty. Worldwide Breadth, Grounded Depth Warehouse Automotive Tools & Hardware Aerospace Stores Factories Automotive supply chains are safeguarded against disruptions through near-plant 3PL warehousing hubs in the UK, Europe, and North America, which facilitate just-in-time delivery directly to Tier-1 assembly lines. In parallel, all aerospace shipmentsare transported exclusively byair. Raymond Lifestyle Limited Raymond Lifestyle Limited – Q2FY27 Update Business Updates Operational & Network Milestones Total Income expanded 14% YoY to Rs2,125Cr:Driven by strong order book conversion in export Network Rationalizati [Showing first 8,000 characters — download PDF for full document]