Raymond Realty Reports 129% Pre-Sales Surge in Q1 FY27 to ₹700 Crore; Collections Up 47% YoY
Raymond Realty Reports 129% Pre-Sales Surge in Q1 FY27 on Organic Momentum
Raymond Realty surged to ₹700 crore in pre-sales for Q1 FY27, marking a 129% increase from ₹306 crore in Q1 FY26. The momentum was driven entirely by organic demand within the Mumbai Metropolitan Region, as the company did not register any new residential project launches during the quarter.
The sales momentum across the Mumbai Metropolitan Region reflects strong consumer confidence and the company's brand strength in the premium housing segment. Raymond Realty operates iconic aspirational, premium, and super premium residential brands including TenX, The Address by GS, and Invictus by GS.
Collections and Cash Position Strengthen
Collections jumped 47% year-on-year to ₹550 crore in Q1 FY27. The liquidity as of June 30, 2026 was ₹270 crore, resulting in a net debt position of ₹827 crore.
Total outstanding borrowings stood at ₹1,097 crores as of June 30, 2026, up from ₹380 crores as of June 30, 2025, to fuel peak-cycle construction drawdowns for the seven projects launched in FY26. The company's Net Debt-to-Equity ratio remains comfortably below its conservative internal ceiling of 1.0x.
FY27 Margin Guidance Confirmed
The company said it is on track to meet its EBITDA margin guidance of 17% to 19% for FY27. Profitability milestones reflect front-loaded marketing expenses and early-stage construction setups, typical of large-scale real estate developments. Margins will progressively normalise over subsequent quarters as project construction crosses revenue-recognition thresholds, with the margin profile for Q1 FY27 reflecting expected seasonality and in line with Q1 FY26.
Scale and Execution Context
Following a landmark fiscal year 2026 which saw the roll-out of seven major projects, the company has successfully carried its rapid growth velocity into the current year. Raymond Realty has outlined launches planned for FY27, including two new projects on own land in Thane and two new JDA projects in Mumbai, with additional upcoming projects including The Address by GS Season 3, Invictus by GS Tower B, and newly signed projects in Mahim and Kandivali.
Raymond Realty is a real estate developer headquartered in Mumbai and part of the iconic Raymond Group. The company is the real estate arm of the Raymond Group, one of India's most respected and enduring business conglomerates with a legacy spanning over a century, bringing the same precision and craftsmanship that made the brand iconic in textiles into real estate.