
Motilal Oswal has reiterated its “Buy” recommendation on Raymond Lifestyle with a target price of ₹3,000. The brokerage highlights the company’s strong growth potential, particularly in secondary sales, which are projected to grow by 12-14% in the upcoming quarters. The festive season and ongoing demand trends have contributed to a robust outlook for the company, with increased consumer spending in the apparel and textile segments. Additionally, a higher number of wedding days in H1FY26 is expected to further boost demand, particularly for Raymond’s premium offerings.
Motilal Oswal estimates a compound annual growth rate (CAGR) of 9-11% across revenue, EBITDA, and profit after tax (PAT) over FY24-27. This growth trajectory is supported by Raymond’s strong positioning in the branded textile and apparel market, along with its ability to cater to high-margin segments. The brokerage believes the company is well-positioned to capitalize on India’s growing demand for premium and formal wear, making it a key beneficiary of the ongoing demand recovery in the sector.