• Growth and margin guidance: Raymond Lifestyle is projecting double-digit revenue growth and high double-digit EBITDA growth, having factored current raw material and gas price increases into budgets while absorbing domestic price hikes.
• B2B and export outlook: The B2B segment accounts for roughly 25% of total business (40% domestic, 60% export), with export EBITDA expected to grow strongly due to resilient US/EU demand, China-plus-one tailwinds, and upcoming UK and EU free trade agreements.
• Geographic diversification: The company has shifted about 12% of its export mix toward the EU and UK to reduce US reliance, maintaining comparable margins by focusing on premium suits and jackets rather than mass-market apparel.
• Inventory and category exit: Recent inventory write-offs were primarily driven by the decision to discontinue the non-core sleepwear business, while working capital days improved by 10 days from 87 days in FY25.
• Cash flow and capex: With current cash on books at approximately 180 crores, the company targets generating 400 crores in cash next year, deploying 200 crores toward capex and adding 200 crores to net cash.