Raymond, one of India’s largest integrated worsted suiting manufacturers, provides comprehensive solutions for fabric and garmenting. The company is renowned for its commitment to quality, innovation and market leadership. Raymond’s brand portfolio includes well-known names like ‘Raymond Ready to Wear’, ‘Park Avenue’, ‘ColorPlus’, ‘Parx’, ‘Raymond Made to Measure’, and ‘Ethnix by Raymond’. With an extensive retail network comprising approximately 1,400 stores in over 600 towns, Raymond holds a significant presence in the Indian market.
Additionally, the company has diversified into the engineering sector, focusing on precision-engineered products for both national and international markets. Raymond has also ventured into the real estate sector with several projects. Their maiden project, Ten X Habitat, spans 14 acres and accommodates around 3,100 residential units. Following this, they launched ‘The Address by GS’, a premium residential project featuring approximately 550 residential units. In February 2023, Raymond introduced its third project, Ten X Era, comprising around 900 residential units. More recently, they unveiled ‘The Address by GS 2.0’, a premium residential project offering 440 residential units.
The company has decided to demerge its lifestyle business into Raymond Consumer Care. Post demerger, the branded textile, branded apparel and garmenting and high-value cotton shirting will be demerged and will be included in Raymond Consumer Care (RCCL) whereas Raymond Ltd. will predominantly be a real estate company along with investments in engineering and denim as a joint venture company. Moreover, every shareholder of Raymond will be entitled to four shares of RCCL for every five shares held in Raymond Limited.
This story is from the September 25, 2023 edition of Dalal Street Investment Journal.
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This story is from the September 25, 2023 edition of Dalal Street Investment Journal.
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