Jefferies has initiated coverage with a 'Buy' call for Welspun Living and Raymond Lifestyle.
The plan comes as garment exporters reassess their dependence on the US market after tariff-related disruptions and position for higher demand following India's trade deals with Britain and Europe
Raymond Lifestyle has reported widening of its consolidated loss to Rs 22.59 crore for the June quarter of 2026-27 against Rs 19.82 crore in the same period of the last year. Its revenue from operations rose by 6 per cent to Rs 1,515.51 crore in the June quarter compared to Rs 1,430.43 crore in the year-ago period, , according to a regulatory filing from Raymond Lifestyle, a Raymond Group firm. "This performance was led by premiumization in the domestic business and significant volume recovery in the Garmenting business, buoyed by the US-India Tariff rationalisation and the implementation of UK FTA, resulting in a robust order book," said Raymond Lifestyle in its earning statement. Revenue of Branded Textile and High Value cotton shirting segment was lower compared to the previous year due to a base effect. Total expenses of Raymond Lifestyle were up 6 per cent to Rs 1,598.60 crore in the June quarter. Its total income was at Rs 1,560.27 crore, up 5.78 per cent during the ...