Insightfull Interview
https://www.youtube.com/embed/wiKVenS8vPk
The new clients on garmenting side which management didn’t name are Hugo Boss, UniQlo, Marks& Spencers (were named by promoter).
These brands and retailers are leading names worldwide.
(They make high end suits 200-300$ retail price)
They are among top 3 suit manufacturers in world.
It seems the past of corporate governance troubles is gone , I see very good intent from promoter specially in terms of hiring industry leaders like Sunil Kataria or Atul Singh, Jatin Khanna.
Also adding website of Raymond Consumer Care ( https://raymondconsumercare.com ) although not a lot of information is present but it can do around 1000 crores of sales in FY24 with 10-11% ebitda margins they are also doing new product launches.
Pre Covid promoter also talked about an eventual IPO last year also deal with GoodGlamm was on cards but due to disagreement on valuation it got off.
Ethnix by Raymond , there is huge growth opportunity as Manyavar (Vedant Fashions) will face competion from everyone and will lose market share they just cannot keep on making 50% EBITDA margins in that business.
| Subscribe To Our Free Newsletter |
