Raymond Lifestyle anchors five-year growth strategy with new executive appointment
15 May 2026, Mumbai
In a strategic move to fortify its long-term leadership, Raymond Lifestyle (RLL) has appointed Satyaki Ghosh as Whole-Time Director, effective from May 6, 2026, through May 5, 2031. This five-year mandate formally expands Ghosh’s responsibilities beyond his current role as CEO, which he assumed earlier this year. The appointment comes as Raymond shifts its focus toward a ‘Year of Consolidation’ following a record-breaking FY26. A veteran with over 25 years of experience at FMCG and textile giants like L'Oréal and Aditya Birla Group, Ghosh is tasked with institutionalizing operational rigor and accelerating the brand’s premiumization journey.
Financial milestone: Revenue races past Rs 7,000 crore
The leadership transition is backed by a robust fiscal performance; for the first time in its century-long history, the company’s total income crossed the Rs 7,000 crore mark, reaching Rs 7,034 crore - an 11 per cent Y-o-Y climb. Despite a challenging fourth quarter marked by a consolidated net loss of Rs 52.06 crore due to exceptional inventory write-downs and labor-related costs, the full-year EBITDA rose 23 per cent to Rs 804 crore. The Garmenting segment emerged as a standout, recording 38 per cent revenue growth in Q4 alone, benefited by the India-US trade deal. Ghosh noted that the priority remains enhancing consumer centricity and sharpening product offerings to drive meaningful value across its 1,500+ store retail network.
India’s heritage textile powerhouse
Raymond Lifestyle is a dominant force in the global worsted suiting industry, operating a diverse portfolio including Park Avenue, ColorPlus, and Ethnix. Established in 1925, the company has evolved from a fabric manufacturer into a vertically integrated fashion retailer. With a net cash surplus of Rs 179 crore and an upgraded [ICRA] A+ rating, it plans to scale its digital and physical footprint across Tier-II to Tier-V cities by 2031.
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