Systematix initiates coverage on Raymond Lifestyle after demerger, assigns a BUY rating with a target price of Rs 2,845 (vs. earlier fair value of Rs 2,293) for its lifestyle business on SOTP-based method, valuing branded textiles, branded apparel and B2B businesses at 11x/18x/9x Sept 2026E EV/EBITDA.
Link to report
Systematix_Raymond_Lifestyle___Initiating_Coverage.pdf (1.1 MB)
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