Raymond Ltd Q2 FY26 Revenue Rises 10% Despite 76% Profit Drop Amid Aerospace Sector Growth

Raymond Limited reported mixed financial results for Q2 FY26 amid structural business changes and rising costs. The company's total income rose around 10-11% year-over-year, driven mainly by strong demand in aerospace, defence, and precision technology and auto components segments, reflecting a positive shift in the Indian supply chain and export growth. However, quarterly profit from continuing operations declined roughly 20%, primarily due to increased employee benefits, finance costs, and export uncertainties such as US tariffs that have delayed some orders. EBITDA margins showed mixed trends with some segment improvements but overall slight compression attributed to lower other income. Raymond is undertaking a major business restructuring by spinning off its apparel and real estate arms to attract investors and sharpen focus on its manufacturing core, moves that have been positively received by the market. The company remains cautiously optimistic about future growth opportunities despite current cost pressures and competitive challenges in a global environment.