श्रीराम सीतावर राघवेति
हे कौशलेशात्मजनायकेति ।
श्रीराम जयराम जय जय दयालु
श्रीराम जय राम जय जय कृपालु ॥

Meaning:
Oh! Sri Ram of the Raghu dynasty, the one chosen by Sita, the son of Kaushalya; victory of Sri Ram, victory to kind Ram, victory to Sri Rama, victory to the grace-giver Ram.

Word meanings:
श्रीराम = Oh! venerable Rama;
सीतावर = husband of Sita;
हे = vocative for addressing a male;
श्रीराम = Oh! venerable Rama;
जयराम = Oh! the victorious Rama;
जय = at (M.nom.) victory;
जय = at (M.nom.) victory;
दयालु = kind; compassionate;
श्रीराम = Oh! venerable Rama;
जय = at (M.nom.) victory;
राम = Oh! Rama;
जय = at (M.nom.) victory;
जय = at (M.nom.) victory;
कृपालु = one who is merciful or sympathetic;