If you compare FY24, Raymond, the lifestyle piece was about 3450 crore top line, whereas Vedant was about 1368 crore top line. And of course, the EBITDA margins were about 20.9% for Raymond’s branded lifestyle piece and do not forget that Vedant, you get, say, about 37-time EBITDA multiple as far as valuation is concerned and it is kind of expanding further. Under the circumstances, I think Raymond Lifestyle will be a stock to really-really watch out for.
Global shares rise with dollar, US bond yields turn higher
Global equities rose, U.S. Treasury yields turned higher, and the dollar strengthened as positive economic data and strong earnings boosted investor confidence. Manufacturing output and
January 18, 2025