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Earnings Call Transcript

Raymond Lifestyle Earnings Call Transcript: Key Takeaways

Raymond Lifestyle shows resilience with 6% revenue growth despite domestic consumption headwinds, driven by a massive 50% surge in the Garmenting segment.

Guidance and delivery
Management target Revenue 100.0% 5 years
Highlights
Revenue growth6% YoY growth; 1560 Cr income vs 1475 Cr.
MarginsEBITDA margin up 40bps to 8.6%; structural cost optimization underway.
Order bookFull capacity booked until December for garmenting segment.
Demand visibilityStrong international garmenting demand; domestic demand delayed by festive shifts.
Management confidenceHigh; focusing on 'year of consolidation' and structural debt-free status.

Growth

Garmenting segment grew 50% YoY; EBITDA increased 11% to 135 Cr with 40bps margin expansion.

Outlook

Order book full through December; management aims to double turnover in 5 years.

Risks

High raw material inflation (Wool +100%, Cotton/Flax +20%) and unpredictable international geopolitical events.

Last quarter's promises, checked

Delivered

  • Guided 30-40 net store additions → Delivered 85 new vs 133 closed (= MISS on net, but high activity)
  • Guided debt-free status → Delivered net cash surplus of 154 Cr (= BEAT)
  • Guided double-digit top-line growth → Delivered 6% YoY revenue growth (= MISS)

Partly delivered

  • Guided double-digit bottom-line growth → Delivered 11% EBITDA growth (= PARTIAL)
  • Guided NWC < 70 days → Delivered 77 days in previous, current status not explicitly hit (= PARTIAL)

Missed

  • Guided double-digit top-line growth → Delivered 6% YoY revenue growth (= MISS)
  • Guided double-digit bottom-line growth → Delivered 11% EBITDA growth (= PARTIAL)
Source

Earnings Call Transcript filed with NSE, NSE: RAYMONDLSL. Summary written with AI assistance from the document.

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Raymond Lifestyle Ltd: key numbers

Share price
₹687.60
Market cap
₹4,189 Cr
Revenue (annual)
₹6,888 Cr
Net profit (annual)
₹46.17 Cr
P/E (TTM)
96.5×Sector 55.7×
Promoter holding
59.62%+0.09% QoQ
FII holding
7.32%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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