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.
Struggling Pizza Hut restaurant chain will be sold for $2.7 billion
Pizza Hut is on the brink of transformation as Yum Brands agrees to sell the struggling chain for a hefty $2.7 billion. The deal paves