Raymond Lifestyle trades at 0.5x book as income grows 11% to ₹70.3bn, bets on Ethnix ethnic wear
Raymond Lifestyle posted FY26 total income of ₹70.3bn (+11%) and net profit of ₹1,750m (+21%) across 1,653 stores, with 1,109 under The Raymond Shop. It plans lean, profitable expansion of 30-40 net new stores in FY27 while scaling Ethnix (137 stores) toward a ₹5bn+ target. Stock sits below book value of ₹1,582.
Stock screen of five below-book-value Indian companies. Retail-relevant: Raymond Lifestyle grew income 11% to ₹70.3bn across 1,653 stores, targeting profitable lean expansion, betting on Ethnix ethnic wear; UFlex packaging serves FMCG clients like ITC, Amul, Britannia.