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At 20.4 times its 2-year forward earnings, Raymond’s valuations are inexpensive and attractive for going long
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At a modest post-correction valuation of 21.8 times FY20 projected earnings, the stock is worthy of consideration.
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Capacity utilisation, store additions, product launches and monetisation of Thane land will be pivotal in terms of future earnings visibility.
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While the low base (demonetisation in Q3FY16) had a big role to play, top-line traction across all segments, lower ad spends, and operational efficiencies were the primary drivers for the company's visibly better performance in the quarter gone by.
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Raymond reported a good set of Q3 earnings led by branded textile business. In an interview with CNBC-TV18, Sanjay Bahl, Group CFO of the company discussed more on the company's Q3 numbers.
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Raymond reported a good quarter, though the stock is under pressure. In an interview to CNBC-TV18, Sanjay Bahl, Group CFO of Raymond discussed the company's quarterly performance.
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While the company's branded textile, shirting, and garmenting segments seem to be on the right track except for a few blips, a significant improvement in the branded apparel space is needed for better earnings visibility.
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In an interview to CNBC-TV18, Sanjay Bahl, Group CFO of Raymond spoke about the results and his outlook for the company. "We are carrying forward a growth momentum from Q4 of FY17 into the current year (FY18) now. We expect the demand revival to happen in FY17-FY18", he said.
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Sanjay Bahl, Group CFO, Raymond is upbeat of topline in fourth quarter to be better than the third quarter which was impacted due to demonetisation. He expects liquidity to ease in the fourth quarter and benefit the tier 2 and tier 3 markets
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The branded apparel business continues to post losses for Raymond. But the group's Chief Financial Officer Sanjay Bahl says the company has a long term focus on branded business and is trying to build economies of scale in the business.
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Sanjay Bahl, Group Chief Financial Officer at Raymond, says revenue, margins and PBT grew 4 percent, 3.4 percent and 17 percent , respectively in Q1FY17, on a quarterly basis.
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Raymond is in an investment phase currently, benefits of which will be visible in the next two-three years, says Sanjay Bahl, Group CFO of the company.
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Speaking to CNBC-TV18, M Shiv Kumar, chief financial officer, says the disappointing numbers were also on the back of its garmenting service business Made To Measure's expansion, and renovation in various units
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In an interview to CNBC-TV18, Raymond CFO M Shivkumar discusses the earnings and the company‘s future outlook.
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M Shiv Kumar, CFO, Raymond says the textile segment in the second quarter was hit due to higher store renovation cost.
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The company's consolidated margins grew 250 basis points to 12.1 percent during the quarter, as each of the company‘s divisions—textile apparels, denim, garments, shirts, tools and hardware, auto components—turned in a decent performance.
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Speaking to CNBC-TV18, M Shiv Kumar, chief financial officer, Raymond, says the company‘s strong Q2 performance has been the result of a revival in its apparel business that has also helped make profits. “All other bisuness segments, too have seen an all-round improvement,†adds Kumar.
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Raymond always follows the path of hedging its exposure. So this is a temporary phenomenon of Rs 8 crore, excluding this component - then there is a healthy growth of 12 percent in EBITDA and the profit after tax (PAT) level
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Raymond's sales may increase to Rs 921.6 crore from Rs 837.7 crore and earnings before interest, tax, depreciation & amortisation (EBITDA) are likely to rise at Rs 32.8 crore from Rs 30.92 crore year-on-year, says Nomura.
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M Shivkumar, CFO of Raymond says a bad year for apparel business and huge inventories has resulted in huge loss for the textile manufacturer. “The increase in power and staff costs has impacted the industry,†he told CNBC-TV18 in an interview.
