Raymond news and archive

Raymond's lifestyle business CEO Sanjay Behl quits

Sanjay Behl, CEO of Raymond’s lifestyle business has put in his papers. He was chief executive officer for the lifestyle business, a role he played for seven years. Raymond is in the process of demerging and forming a new company that will be focused on the lifestyle business. It will have the existing business of branded textiles, branded...

Fashion

Raymond x GQ Co-Lab to offer interactive master classes in select cities

The Raymond x GQ Co-Lab is tapping into the growing style transformation of Indian men with a year-long series of interactive master classes across New Delhi, Bangalore, Kolkata and Hyderabad. A prominent influencer and stylist will take on each city to break down the hottest trends and elevate one’s suiting game. On a grand stage, the Raymond x...

Business

Raymond’s Q3 net profit up 420 percent

In third quarter of this financial year that ended in December 2019, Raymond reported a 420 percent rise in its net profit to Rs 195 crore (27.5 million US dollars) as against Rs 38 crore it had reported in the corresponding period of last fiscal. The company’s net sales for the October-December period also grew by 12 percent to Rs 1,905 crore...

Business

Raymond demerges lifestyle business, creates two separate companies

Raymond has demerged its core lifestyle business. This will create two separate companies—the new one housing the core branded textile, branded apparel and garmenting businesses and the existing one to have its new real estate project, land bank, engineering businesses of auto components and FMCG businesses, among others. The demerger is...

Business

Raymond Q2 revenue up two per cent

For the second quarter Raymond revenue has grown two per cent. Ebitda is down 10 percent and profits are up 39 percent. Branded textile segment sales were two percent lower over previous year supported by a one percent growth in the suiting business on account of expansion to new smaller outlets through low priced products in the subdued...

Retail

Raymond plans to open more brand stores pan India

Raymond plans to have 1,500 branded stores across India in the next two years. As of now there are 1000 such stores. Most of the new Raymond stores will be opened through franchises. Raymond currently operates a network of 1,500 stores across all the brands in 600 cities. Of these 1,500 stores, 1000 are Raymond stores and rest are from other...

Retail

Raymond focuses on mini TRS to boost sales

Raymond is opening more Mini TRS (The Raymond Shop) across the country. It has opened 300 Mini TRS stores especially in Tier III and Tier IV towns. The Mini TRS is aimed at providing the immersive Raymond retail experience across all emerging markets and towns to the discerning customer. Every franchisee is supported by an area manager who...

Business

Raymond Q4 net profit increases 24 per cent

For the fourth quarter Raymond’s consolidated net profit was up 24.26 per cent. Total income during the period under review was up 10.99 per cent as against the corresponding quarter last fiscal. During the financial year Raymond’s total expenses were up 10.37 per cent. Total income was up 11.33 per cent. The company's branded textile segment...

Retail

Khadi sales up 28 per cent, production too on the rise

Khadi sales in India have grown 28 per cent this year across segments: fabric, readymade garments or solar vastra. During the last five years, khadi sales have seen a quantum jump every year. Khadi production jumped 17 per cent in 2018-19, compared to seven per cent a year ago. From 2014 to 2018 khadi sales grew at an annual average of over 30...

Business

Raymond’s net profit rises by four per cent in Q2

For the second quarter Raymond’s net profit was up 4.75 per cent. Total income was up 16.04 per cent. Total expenses were up 14.86 per cent. Revenue from branded textiles was higher by 15 per cent over the previous year led by a 14 per cent growth in the suiting business and 17 per cent in the shirting business. Branded apparel segment sales...

Retail

Park Avenue to diversify innerwear portfolio, spread global retail

Textile and apparel major Raymond is planning to diversify the portfolio for its flagship brand, Park Avenue by adding new categories to gain a larger market share in India. The brand currently offers complete range of men’s innerwear portfolio such as briefs, vests, trunks, socks, thermals, gym vest, track pants, lounge t-shirts, boxers, etc....

Fashion

Raymond promotes skills development

Raymond has tied up with Bollywood’s latest release Sui Dhaaga. The entertainer aims at promoting skills development and entrepreneurship in rural and semi-urban India. It’s about Mauji (Varun Dhawan) and Mamta (Anushka Sharma) and their journey to create their own independent fashion label Sui Dhaaga - Made in India. Textile major Raymond is...