Raymond Realty reports 56% revenue jump in Q3 FY26 despite margin pressure!

The company posted a total income of ₹766 crore in Q3 FY26, up 56% from ₹492 crore in Q3 FY25. The growth was driven by robust demand and a healthy project delivery pipeline.

However, EBITDA came in at ₹100 crore in Q3 FY26, slightly lower than ₹105 crore in the same quarter last year, with margins at 13.0% compared to 21.4% in Q3 FY25. The decline in margins was attributed to the product mix and higher upfront marketing costs associated with new project launches.

Raymond Realty stated that as it transitions from project launches to execution, it is well-positioned to capture significant operating leverage. With increasing sales velocity, the company expects a steady normalization and eventual expansion of margins.

“Operating with disciplined precision, we are balancing strategic investments in our project pipeline while remaining committed to delivering long-term, superior profitability,” the company said in a statement.

Commenting on the performance, Harmohan Sahni, Managing Director & CEO, Raymond Realty Limited said; "We delivered strong revenue growth during the quarter, reflecting healthy demand and successful execution of our new launches.

"Margins were temporarily impacted by upfront approval and marketing costs, which are essential investments to build scale and sustain long-term growth. As these projects mature, we expect operating leverage to drive a steady improvement in profitability."