Raymond Lifestyle, a company under the Raymond Group, has reported a significant decline in its consolidated net profit for the second quarter of FY25. The profit for the quarter ending September 2024 stood at Rs 42.18 crore, marking a 69.72% drop compared to Rs 139.33 crore in the same period last year. The company cited subdued demand and rising inflationary pressures as key factors behind this decline.

As per the regulatory filing from Raymond Lifestyle on Tuesday, the company's revenue from operations also saw a dip, falling by 5.27% to Rs 1,708.26 crore in Q2 FY25, down from Rs 1,803.38 crore in the corresponding quarter last year. Total expenses for the period were reduced by 1.38% to Rs 1,622.95 crore.