Raymond Ltd management interview: Raymond Limited Q4 Result: Stock Soars 8%! Strong Growth, Margin Pressure | Gautam Maini | ET Now
ET Now, 2026-05-06. Video: https://www.youtube.com/watch?v=9D07M5dIC0w
- Segment performance: The aerospace division recorded 26% revenue growth and 25% EBITDA growth in FY25, while the precision and automotive division posted low double-digit revenue growth and over 34% EBITDA growth, aided by a one-time land sale.
- Order book execution: Supported by a ₹2,350 crore order book and an industry backlog of 17,000 commercial aircraft offering nearly a decade of visibility, the company is targeting sustained annual growth of 25% to 26% by focusing on delivery execution.
- Export revenue share: International sales account for more than 80% of revenue in aerospace and over 60% in other divisions, driven by cost advantages over Western suppliers and the ongoing China-plus-one shift.
- R&D and expansion: The company writes off its 3% to 5% R&D spending within the same year to support developing 100 to 200 components annually, while new manufacturing plants in Andhra Pradesh are expected to be ready by the end of calendar year FY27.