Raymond Limited

rs,

2-23/128 November 3, 2022 To The Department of Corporate Services - CRD BSE Limited P.J. Towers, Dalal Street Mumbai - 400 001 Scrip Code: 500330 The National Stock Exchange of India Limited

₹ 2,191

ter 5 Q2 FY23: Highest Revenue & Profitability in the last 10 years Highest quarterly revenue of ₹ 2,191 Cr, up 38% vs. PY & 15% vs. pre-covid (Q2 FY20) Highest quarterly EBITDA of ₹ 358 Cr with EBITDA m

38%

: Highest Revenue & Profitability in the last 10 years Highest quarterly revenue of ₹ 2,191 Cr, up 38% vs. PY & 15% vs. pre-covid (Q2 FY20) Highest quarterly EBITDA of ₹ 358 Cr with EBITDA margin of 1

15%

enue & Profitability in the last 10 years Highest quarterly revenue of ₹ 2,191 Cr, up 38% vs. PY & 15% vs. pre-covid (Q2 FY20) Highest quarterly EBITDA of ₹ 358 Cr with EBITDA margin of 16.3% Highest

₹ 358

ly revenue of ₹ 2,191 Cr, up 38% vs. PY & 15% vs. pre-covid (Q2 FY20) Highest quarterly EBITDA of ₹ 358 Cr with EBITDA margin of 16.3% Highest PBT of 237 Cr & margin of 10.8% in a decade Decrease in net

16.3%

% vs. PY & 15% vs. pre-covid (Q2 FY20) Highest quarterly EBITDA of ₹ 358 Cr with EBITDA margin of 16.3% Highest PBT of 237 Cr & margin of 10.8% in a decade Decrease in net debt by ₹ 24 Cr, mainly due t

10.8%

Highest quarterly EBITDA of ₹ 358 Cr with EBITDA margin of 16.3% Highest PBT of 237 Cr & margin of 10.8% in a decade Decrease in net debt by ₹ 24 Cr, mainly due to generation of healthy EBITDA, offset b

₹ 24

BITDA margin of 16.3% Highest PBT of 237 Cr & margin of 10.8% in a decade Decrease in net debt by ₹ 24 Cr, mainly due to generation of healthy EBITDA, offset by seasonally higher NWC to cater to upcomin

12.4%

. Revenue EBITDA 1913 732 2191 1583 Q2 FY20 Q2 FY21 Q2 FY22 Q2 FY23 380 180 -20 -220 12.4% 13.5% 355 16.3% 15.0% 237 Q2 FY20 (7.1%) (52) Q2 FY21 358 10.0% 213 5.0% Q2 FY22 Q2 F

13.5%

nue EBITDA 1913 732 2191 1583 Q2 FY20 Q2 FY21 Q2 FY22 Q2 FY23 380 180 -20 -220 12.4% 13.5% 355 16.3% 15.0% 237 Q2 FY20 (7.1%) (52) Q2 FY21 358 10.0% 213 5.0% Q2 FY22 Q2 FY23 0.

15.0%

732 2191 1583 Q2 FY20 Q2 FY21 Q2 FY22 Q2 FY23 380 180 -20 -220 12.4% 13.5% 355 16.3% 15.0% 237 Q2 FY20 (7.1%) (52) Q2 FY21 358 10.0% 213 5.0% Q2 FY22 Q2 FY23 0.0% -5.0% PAT 4.

7.1%

Y20 Q2 FY21 Q2 FY22 Q2 FY23 380 180 -20 -220 12.4% 13.5% 355 16.3% 15.0% 237 Q2 FY20 (7.1%) (52) Q2 FY21 358 10.0% 213 5.0% Q2 FY22 Q2 FY23 0.0% -5.0% PAT 4.4% 84 Q2 FY20 180

Synergy in

2

Aggregate Capacity

2

Note

1

Vision Analytics

1

Leads to

1

Plants strategically located

1

Total Inventory

1

The Address by GS

1

Note

Exceptional Items (net): Q2FY23 includes expected credit loss in LFS Channel, insurance claims received, profit on sales of assets & retrenchment costs 12 Segment Results – Q2FY23 Post Ind AS 116 Revenue EBITDA EBITDA % Particulars (₹ Cr) Branded Textile Branded Apparel Garmenting High Value Cotton Shirting Engineering Real Estate Others # Raymond Consolidated Q2FY23 Q2FY22 Y-o-Y% Q2FY23 Q2FY22 Q2FY23 Q2FY22 912 370 266 211 228 247 (42) 2191 722 221 212 148 219 81 (20) 1583 26% 67% 25% 42% 4% 205% 38% 203 121 22.3% 16.8% 36 23 28 29 63 (25) 358 8 22 26 34 17 (14) 213 9.7% 8.7% 3.4% 10.3% 13.2% 17.4% 12.8% 15.5% 25.6% 20.6% 16.3% 13.4% * Engineering business is aggregation of JK Files & Engineering Ltd, JK Talabot Ltd and Ring Plus Aqua Ltd (RPAL) # Others includes non scheduled airline operations, unallocated expenses, elimination and other income 13 Segment Results – H1FY23 Post Ind AS 116 Revenue EBITDA EBITDA % Particulars (₹ Cr) H1 FY23 H1 FY22 Y-o-Y% H1 FY23 H1 FY22 H1 FY23 H1 FY2

Vision Analytics

• India’s first vision AI based video analytics to Drive footfall, Dwell analysis and heat map to optimise resources • Real Time Alerts • Store Occupancy, Customer journey • Influence Customer Purchases & Profitability • • AI based personal messaging post purchase Aggressive play on Techno Series marketplaces with over 10x options made available real-time Fasten Omni Channel Integration WhatsApp Commerce • Initiating a DOM ( Distributed Order Management System) for establishing stores as distribution centres • Direct integration with marketplace enabling 100% store inventory across e- commerce • Designed an Innovative Commerce with cart and catalogue features with advanced AI & ML • Hyper personalised offering with recommended system. 23 Continued Focus on Cost Optimization Revenue up 15% vs pre-covid Q2FY20 • Post cost optimization during last 2 years, the increase in cost is mainly on account of inflation on lower cost base • Delivered EBITDA margin of 16.3% vs. 12.4% (pre pandemic l

Leads to

• • Differentiated Focus Ability to seek growth capital Done Done In Process 46 Current Status and Outlook 47 Current Status of Operations & Outlook Company expects to be on profitable growth momentum Domestic Market: With festive season and upcoming winter wedding season, consumer sentiments expected to remain resilient Exports market: Concerns of inflation in US & Europe markets however strong order book in place for near term in Garmenting and Auto OEMs in engineering business Real Estate: Construction activity in full swing in compliance with all the relevant guidelines Closely monitoring rising input prices and inflation impacting demand Continued focus on liquidity management Aim to become a net debt free company 48 Chairman & Managing Director on Q2FY23 performance “All our businesses are delivering consistent growth in both revenues and profitability on quarter on quarter. All 4 quarters are respectively record quarters in the last 12 months. Our quality products and services a

Plants strategically located

Cotton Rich Belts Weaving clusters Skilled workforce 57 Manufacturing Excellence - Engineering, FMCG & Real Estate Engineering FMCG Real Estate #2 Global supplier of Steel Files One of the leading global players in Ring Gears • • End to end manufacturing solutions provider for files & drills Sole manufacturer of Flex Plates in India

Aggregate Capacity

- - - - - Files – 7.4 mn dozens Drills – 20.4 mn units Ring Gears – 9.1 mn units Flex plates – 0.6 mn units Bearings – 5.7 mn units Amongst the top player in India’s Sexual wellness category • Fast paced construction activity • Acceptance of design

The Address by GS

549 units 58 Domestic presence One of the largest asset-light distribution network in multiple businesses Branded Textiles Branded Apparel 20,000+ POS 8,000+ POS Retail (2.3 mn sq. ft ) 1,370+ stores | ~95% franchisee Engineering ~1.5 lakh POS FMCG 6.5 lakh+ POS Pan-India network in over 600 towns & cities * Legends represent indicative store locations; map not to scale 59 International Presence Global Footprint in 95+ Countries through diversified businesses India North America Europe Asia Dubai South America Ethiopia Africa Australia ~50 retail stores in overseas location Overseas Store Location Manufacturing Location * Legends represent indicative store locations; map not to scale 60 Our Brands - Home grown portfolio of renowned brands with high recall value Branded Textile Branded Apparel FMCG Real Estate Engineering Umbrella Brand Presence in Africa & Asia through multiple sub- brands 61 Raymond Group at a Glance Promoter Group 49% Public 51% Denim FMCG Raymond UCO Denim (50%) Ray