30-Oct-2026 08:02:10
RAYMONDLSLGeneral news
JEFFERIES ON RAYMOND LIFESTYLE ; BUY | TP ₹800 (EARLIER ₹900)
• Jefferies maintains Buy rating on Raymond Lifestyle but cuts target price to ₹800 from ₹900. • Q2 revenue grows 13% YoY, while EBITDA declines 3% as margins contract 173 bps to 10.6%. • Branded Apparel revenue grows 20% YoY, while Garmenting revenue and EBITDA jump 26% and 75% YoY, respectively. • Festive and wedding demand, strong garmenting orders and store rationalisation expected to support H2 recovery. • Expects FY26–29 revenue CAGR of 9%, EBITDA CAGR of 14% and PAT CAGR of 23%. • Company retains double-digit revenue growth guidance for FY27.
RAYMOND LIFESTYLE LIMITED