Raymond Lifestyle's Q2 profit soars by 78%, with local demand driving revenue growth.

On Wednesday, October 29, Raymond Lifestyle released its September quarter earnings. The stock is down 2% as a result. Compared to ₹42 crore during the same period previous year, the company's net profit increased 78% year over year to ₹75 crore. A remarkable loss of ₹4.68 crore as opposed to ₹59.4 crore a year earlier is included in the PAT figure. Due to robust domestic demand throughout the quarter, revenue increased 7.3% to ₹1,832.4 crore from ₹1,708 crore. EBITDA rose 5.3% to ₹226 crore from ₹215 crore, although margins were somewhat lower at 12.3% as opposed to 12.6% in the previous year.