Raymond - Stepped-Up Execution, Growth Trajectory Still Under-Appreciated: Systematix Initiates Coverage

"BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Systematix Research Report.Raymond Ltd. finally looks well placed to realize its full potential and unlock shareholder value, post a change in management and a strategy rejig. While past growth has been slow and the branded apparel business performance has been volatile, the current management team looks committed and energised to aggressively drive its agenda of go-to-market revamp, digital integration, cash generation and cost rationalisation. Branded shirting, branded apparel (especially ethnic wear), garmenting and real estate are key growth engines, with margins likely continuing to inch up on continued premiumisation across segments, coupled with operating leverage benefits. Recent initiatives on planned listing of the engineering business, subsidiarising the real estate business and consolidation of business-to-consumer businesses including apparel into Raymond are value-accretive moves, in our view. While Raymond's manufacturing excellence, product quality and brand equity were never in question, execution and agility posed question marks, which the new leadership under Mr. Atul Singh (erstwhile Asia-Pacific head of Coca Cola) has begun to address. The company’s new-found success in real estate and recovery in branded apparel segments inspire a lot of confidence on the sustenance of the upward growth trajectory witnessed in the recent past..Click on the attachment to read the full report:.Dodla Dairy - Cyclical Headwinds Creating Deep Value In A Steady Compounder: Systematix Initiates Coverage.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Raymond - Stepped-Up Execution, Growth Trajectory Still Under-Appreciated: Systematix Initiates Coverage

Branded textiles strong cash cow; shirting to boost growth.

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Raymond - Stepped-Up Execution, Growth Trajectory Still Under-Appreciated: Systematix Initiates Coverage

Branded textiles strong cash cow; shirting to boost growth.

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