Please find attached the Earnings Call Transcript under Regulation 30.

(Formerly known as Raymond Consumer Care Limited) RLL/SE/26-27/52 November 04, 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: 544240 Symbol: RAYMONDLSL Dear Sir/Madam, Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) – Conference Call Transcript Please find enclosed transcript of the conference call held on October 29, 2026, with respect to the financial results of Raymond Lifestyle Limited for the second quarter and half year ended on September 30, 2026. The transcript has also been uploaded on the Company’s website (https://raymondlifestyle.com/) This is for your information and records. Thanking you, Yours faithfully, For Raymond Lifestyle Limited Priti Alkari Company Secretary Encl as above “Raymond Lifestyle Limited Q2 and H1 FY27 Earnings Conference Call” October 29, 2026 MANAGEMENT: MR. SATYAKI GHOSH – CHIEF EXECUTIVE OFFICER – RAYMOND LIFESTYLE LIMITED MR. E. C. PRASAD – CHIEF FINANCIAL OFFICER – RAYMOND LIFESTYLE LIMITED MR. SALIL BAWA – GROUP HEAD AND INVESTOR RELATIONS – RAYMOND LIFESTYLE LIMITED MR. SUNNY DESA – HEAD, INVESTOR RELATIONS – RAYMOND LIFESTYLE LIMITED MODERATOR: MR. AVINASH KARUMANCHI – MOTILAL OSWAL FINANCIAL SERVICES LIMITED Page 1 of 15 Raymond Lifestyle Limited October 29, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Raymond Lifestyle Limited Q2 and H1 FY27 Earnings Conference Call hosted by Motilal Oswal Financial Services. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star, then zero on your touchtone phone. I now hand the conference over to Mr. Avinash Karumanchi from Motilal Oswal Financial Services Limited. Thank you, and over to you, sir. Avinash Karumanchi: Thank you, Shyja. On behalf of Motilal Oswal Financial Services, I would like to welcome all the participants to Q2 and H1 FY27 Conference Call of Raymond Lifestyle Limited. Today, we have with us from the senior management: Mr. Satyaki Ghosh, Chief Executive Officer; Mr. E. C. Prasad, Chief Financial Officer; Mr. Salil Bawa, Group Head and Investor Relations; and Mr. Sunny Desa, Head, Investor Relations. Without taking further time, I would like to hand over the call to Mr. Satyaki Ghosh. Over to you, sir. Satyaki Ghosh: Good evening, everyone. Thank you for joining us today in our Q2 FY27 and H1 FY27 Results Conference Call. Before we review our operations and financial performance, let me contextualize the macroeconomic landscape in which we have operated over the first half of the fiscal year. We have navigated an intricate macroeconomic situation shaped by both international headwinds and domestic dynamics. Globally, persistent geopolitical tensions and ongoing shipping disruptions have kept Brent crude elevated in the range of USD105 to USD110 per barrel, sustaining input cost pressures across fibers, specialty dye chemicals are at high prices, and global freight tariffs remain high. At the same time, Indian rupee has traded near record lows, hovering between 94 and 95 against the US dollar, thereby increasing landed import costs of raw material. Furthermore, the risk of US tariffs uncertainty continues to loom over us. Domestically, agriculture yield variations resulting from unseasonal rainfall patterns and localized heat events have generated intermittent swing in raw material fiber supplies. Benchmark wool prices have remained firm near multi- year highs, and domestic cotton prices continue to be elevated. On the broader economic front, the Reserve Bank of India has revised India's FY27 real GDP growth projections upwards to 7.1%, up from baseline estimates, reflecting strong domestic consumption, robust urban demand, and ongoing premiumization across lifestyle categories. Concurrently, the RBI CPI inflation projection was revised to 5.2% due to sticky input cost pressures. RBI has also increased the repo rate recently by 25 bps to 5.50%. Against this dynamic backdrop, Raymond Lifestyle has demonstrated solid operational resilience and stability, despite navigating external headwinds in H1 FY27, including global freight escalations, raw material price pressures, channel mix variations, and late festive season. Our agile execution and deep consumer trust have kept us firmly on track to achieve our stated guidance for FY27. Our strategic focus anchored in premiumization, casualization, geographic diversification, and increased marketing investments continues to deliver tangible results, while Page 2 of 15 Raymond Lifestyle Limited October 29, 2026 our garmenting export platform is capitalizing successfully on global trade realignments. In Q2 FY27, Raymond Lifestyle registered its highest-ever quarterly total income of INR2,125 crores, representing a robust 14% year-on-year growth compared to INR1,865 crores in Q2 FY26. Revenue from operations reached INR2,075 crores, up 13% year-on-year. For H1 FY27, total income grew 10% year-on-year to INR3,685 crores, compared to INR3,340 crores in H1 FY26. Consolidated EBITDA for Q2 FY27 rose 4% year-on-year to INR270 crores versus INR259 crores in Q2 FY26, achieving an EBITDA margin of 12.7%. For H1 FY27, EBITDA expanded 6% year-on-year to INR404 crores with an 11% margin. While EBITDA margin moderated by 120 bps year-on-year in Q2 due to peak freight rates, elevated wool and cotton prices, and deliberate marketing investments ahead of the festive season, our enriched product mix provided substantial defensive support. Reported PBT before exceptional items was INR91 crores for Q2 and INR53 crores for H1 FY27. Net finance cost for Q2 FY27 was INR25 crores against INR27 crores last year, a reduction of 7%. Sequentially, Q2 FY27 witnessed 36% total income growth, 100% EBITDA growth, and 337% PBT growth over Q1 FY27, which is a smart recovery, and the recovery continues. We maintained our fortified debt-free balance sheet, closing the quarter with a net cash surplus of INR69 crores as of September 2026. This represents a significant operational turnaround and a net cash accretion of INR300 crores plus compared to a net debt position of minus INR246 crores in September 2025. Net working capital improved. Our disciplined inventory management and tighter collection cycles yielded a 23-day reduction in our net working capital cycle, decreasing to 82 days in September 2026 compared to 105 days in September 2025. Absolute net working capital contracted from INR1,870 crores to INR1,622 crores, despite a INR240 crores sales jump. Our active retail footprint stands at 1,634 stores across 600 plus towns and cities, comprising of 1,134 The Raymond Shops, 450 EBOs, and 50 Made to Measure stores. Over the past 12 months, we have methodically exited 53 lower-productivity stores while opening 24 high-yielding premium stores, which leads to a net rationalization of 29 stores to drive throughput and return on capital. We remain firmly on track to achieve net 20 plus store additions for the year, strengthening our retail footprint. As mentioned in our previous call, we have officially instituted a segment reclassification from this financial year to provide complete transparency on our core operations versus growth bets. We have carved out emerging businesses comprising of Ethnix by Raymond, Raymond Home, Park Avenue Innerwear, Sexual Wellness, and the newly launched Chairman's Collection into a standalone reporting segment. This now breaks up our business portfolio into five segments: Branded Textile, Branded Apparel, Garmenting, High Value Shirting, and Emerging Businesses. Branded Textile: The revenue grew 7% year-on-year to [Showing first 8,000 characters — download PDF for full document]