Raymond Realty Limited — Investor Meet, 12-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Raymond Realty's Q1 FY26 financial results met expectations, with revenue around INR 400 Cr, influenced by low inventory after strong FY25 sales. Management anticipates a robust H2, launching 3-4 new JDA projects, including Bandra 2 and Wadala 1, projecting a 20% full-year booking value growth. They expect consistent 20% EBITDA margins and over 20% ROCE. The company will continue its asset-light JDA strategy, targeting INR 6,000-10,000 Cr in annual project signings. The outlook remains confident, with market momentum expected to pick up significantly in the second half of the year.