Raymond Realty Kicks Off FY27 with 129% Pre-Sales Surge, Targets 17-19% EBITDA Margins

Raymond Realty Limited is off to a phenomenal start in Fiscal Year 2027, announcing provisional operational updates for Q1 FY27 that underscore its remarkable growth trajectory. Building on a robust FY26, which saw the launch of seven new projects, the real estate giant has demonstrated sustained momentum, delivering exceptional year-over-year gains across key performance indicators.

Q1 FY27 Performance Highlights:

• Exceptional Pre-Sales Trajectory: Raymond Realty achieved an outstanding **₹700 Cr in pre-sales, marking a phenomenal **129% surge** compared to ₹306 Cr in Q1 FY26. This impressive growth was driven by sustained demand for existing offerings, particularly the “Address by GS portfolios,” and strong price realization across the Mumbai Metropolitan Region (MMR). Notably, this robust performance was achieved without any new residential project launches during the quarter, validating the deep consumer trust and powerful brand equity the company commands.
• Resilient Cash Collections: Quarterly cash collections also saw a healthy rise of 47% YoY, reaching ₹550 Cr, ensuring robust liquidity directly from operational activities and maximizing cash pipeline efficiency.

Financially, Raymond Realty continues to demonstrate a prudent approach to capital allocation. While total outstanding borrowings increased to ₹1,097 Cr (from ₹380 Cr YoY) to fuel construction and working capital for the seven projects launched in FY26, this investment is heavily backed by a strong collection pipeline. The company maintains a disciplined balance sheet, with its Net Debt/Equity ratio comfortably below its strict 1.0x internal ceiling. Management acknowledges that Q1 FY27 margins reflect the typical cyclicality of real estate development, with front-loaded marketing and initial construction costs. However, the company remains confident in achieving its EBITDA margin guidance of 17% – 19% for FY27 as project construction crosses revenue-recognition thresholds in subsequent quarters.

As one of India’s fastest-growing real estate developers, Raymond Realty’s Q1 FY27 performance signals a strong foundation for continued success, cementing its position among the Top 10 players in the country.