Raymond Lifestyle CEO Satyaki Ghosh resets portfolio, trims Ethnix network for FY27 consolidation
Raymond Lifestyle is pursuing premiumisation, casualwear and omnichannel growth while rationalising underperforming stores. Ethnix shut 17 outlets in the June quarter and plans to close 20–25 more by FY-end, as the company works to revive profitability across apparel, innerwear, home and export garmenting.
Raymond Lifestyle CEO Satyaki Ghosh is resetting the apparel retailer through premiumisation, casualwear, selective store closures and expanded omnichannel distribution. FY27 will focus on consolidation after mixed June-quarter results, while Ethnix, innerwear, home and export garmenting are targeted for improvement.
Why this matters
The portfolio reset follows Raymond Lifestyle’s Q1 loss widening to ₹22.6 crore despite 6% revenue growth, while garmenting revenue rose 50%, increasing pressure to improve profitability across the business.
Leadership is steady at 979 signals in 90 days; no QoQ change figure was provided.