Raymond's Q2/H1 FY'26 results show steady growth. H1 total income rose 11% YoY to INR 1,119 Cr, with EBITDA at INR 167 Cr (14.9% margin). Aerospace & Defense H1 revenue grew 26% YoY to INR 168 Cr (22.4% EBITDA margin). Precision Technology & Auto Components' H1 revenue increased 11% YoY to INR 808 Cr (12.3% EBITDA margin, including a one-time INR 13 Cr gain). The company is net debt-free with INR 27 Cr surplus. Management highlights capacity expansion, strong aerospace order book (2.5-3x annual revenue), and strategic positioning to leverage India's precision manufacturing. The outlook is optimistic, focusing on new products and geographies.