External broker reports(aggregated public sources), Motilal Oswal Financial Services Limited

Motilal Oswal

External broker reports(aggregated public sources)

Motilal Oswal Financial Services Limited

Motilal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial products and services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Raymond Lifestyle’s (RLL) 2Q revenue/EBITDA declined by 5%/17% YoY due to subdued discretionary demand.</li><li>Higher depreciation and interest costs led to a 27% YoY decline in adjusted PAT.</li><li>RLL’s net working capital (NWC) increased to 105 days (from 78 days as of Mar’24 end) as it stocked up inventory ahead of the festive and wedding season.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Raymond Lifestyle’s (RLL) 2Q revenue/EBITDA declined by 5%/17% YoY due to subdued discretionary demand.Higher depreciation and interest costs led to a 27% YoY decline in adjusted PAT.RLL’s net working capital (NWC) increased to 105 days (from 78 days as of Mar’24 end) as it stocked up inventory ahead of the festive and wedding season.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Raymond Lifestyle - Weak Quarter; Demand Recovery to Be in Focus in 2H

<ul><li>Pure-play Lifestyle company from the House of Raymond: Raymond Lifestyle Limited(RLL), formed as a demerger from Raymond Ltd, has a strong presence in men’s wear(with ~65% share in worsted suiting).</li><li>RLL’s portfolio includes branded textiles (B2Band B2C) and several apparel brands (such as Park Avenue, ColorPlus, Ethnix byRaymond) that cater to formal, casual and ethnic wear.</li><li>With a strong brand affinityand wide distribution network, RLL has ~5% share in men’s wedding wear industry.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pure-play Lifestyle company from the House of Raymond: Raymond Lifestyle Limited(RLL), formed as a demerger from Raymond Ltd, has a strong presence in men’s wear(with ~65% share in worsted suiting).RLL’s portfolio includes branded textiles (B2Band B2C) and several apparel brands (such as Park Avenue, ColorPlus, Ethnix byRaymond) that cater to formal, casual and ethnic wear.With a strong brand affinityand wide distribution network, RLL has ~5% share in men’s wedding wear industry.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Raymond Lifestyle - On a Transformative Journey

Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

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Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

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Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/raymond-lifestyle-limited" target="_blank" data-smartkarma-citation="entities:43905:1" rel="noopener">Raymond Lifestyle (RAYMONDL IN)</a> recently demerged from Raymond Limited.  Since Raymond Limited was part of various indexes, Raymond Lifestyle was not. Index Fund selling led to a correction.</li>
<li>The correction made Raymond Lifestyle a special situation value bet.</li>
<li>The cherry on the cake is strong management guidance and a foray into the untapped non branded and unorganized apparel segment</li>
</ul>



Raymond Lifestyle (RAYMONDL IN) recently demerged from Raymond Limited.  Since Raymond Limited was part of various indexes, Raymond Lifestyle was not. Index Fund selling led to a correction.
The correction made Raymond Lifestyle a special situation value bet.
The cherry on the cake is strong management guidance and a foray into the untapped non branded and unorganized apparel segment


Raymond Lifestyle: A Value Play in Ethnic Wear with Special Situation Potential

India

Raymond Lifestyle Limited operates as a textile manufacturing company. The offers a range of semi-formal and casual clothes, branded suiting-shirting, and ready-to-wear apparels. Raymond Lifestyle serves customers worldwide.

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Raymond Lifestyle (RAYMONDL IN)

Raymond Lifestyle - Weak Quarter; Demand Recovery to Be in Focus in 2H

RLL’s net working capital (NWC) increased to 105 days (from 78 days as of Mar’24 end) as it stocked up inventory ahead of the festive and wedding...

Motilal Oswal

Raymond Lifestyle - On a Transformative Journey

Pure-play Lifestyle company from the House of Raymond: Raymond Lifestyle Limited(RLL), formed as a demerger from Raymond Ltd, has a strong presence...

Motilal Oswal

Raymond Lifestyle: A Value Play in Ethnic Wear with Special Situation Potential

Raymond Lifestyle demerged from Raymond Limited, correction due to Index Fund selling created special value bet with strong management guidance...

Nimish Maheshwari

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52-week Range

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Raymond Lifestyle - Weak Quarter; Demand Recovery to Be in Focus in 2H

RLL’s net working capital (NWC) increased to 105 days (from 78 days as of Mar’24 end) as it stocked up inventory ahead of the festive and wedding...

Motilal Oswal

Raymond Lifestyle - On a Transformative Journey

Pure-play Lifestyle company from the House of Raymond: Raymond Lifestyle Limited(RLL), formed as a demerger from Raymond Ltd, has a strong presence...

Motilal Oswal

Raymond Lifestyle: A Value Play in Ethnic Wear with Special Situation Potential

​Raymond Lifestyle demerged from Raymond Limited, correction due to Index Fund selling created special value bet with strong management guidance...

Nimish Maheshwari

Raymond Lifestyle demerged from Raymond Limited, correction due to Index Fund selling created special value bet with strong management guidance...