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Business Standard

Board of Raymond approves investment of Rs 100 cr in Ten X Realty West

At meeting held on 12 September 2024

Business Standard

Granules India Ltd leads losers in 'A' group

Prism Johnson Ltd, R R Kabel Ltd, TCI Express Ltd and Raymond Ltd are among the other losers in the BSE's 'A' group today, 12 September 2024.

Business Standard

Board of Raymond approves investment of Rs 50 cr in Ten X Realty

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Mint

Can Raymond?s stock triple to match Vedant Fashions' valuation?

Raymond's P/E multiple lags Vedant Fashions', but with the upcoming listing of its subsidiaries, some value unlocking is expected. However, whether its stock can triple to match Vedant's higher multiples remains uncertain.

CNBC TV18

Raymond Lifestyle Listing: Shares debut at ₹3,020 on NSE after demerger

Shares of Raymond went ex-Lifestyle business in July and the listing of the lifestyle business now, as a separate entity, is expected to unlock shareholder value.

Business Standard

Following demerger, Raymond Lifestyle to add 900 new outlets in three years

Raymond Lifestyle Ltd will be listed on the stock exchanges on September 5 and aims to add 900 new outlets in three years. Following the demerger of its retail and lifestyle businesses, Raymond will have two listed entities. In a release on Tuesday, the company said it will get listed on the bourses on September 5. The company plans to add 900 new outlets over three years. The Raymond Group's lifestyle business entity is eyeing a 15 per cent CAGR (Compound Annual Growth Rate) to attain around 7 per cent market share in the fast growing men's-wear wedding market by 2027, the release said. "The demerger aims at unlocking shareholder value by creating a focussed lifestyle business entity. Raymond Lifestyle will sharpen strategic focus in this fast-growing sector to become among the top three global fabric suppliers by the end of this year. "The global scenario presents significant opportunities, particularly the challenges in China and Bangladesh and trade agreements with the UK, EU

The Economic Times

Gainers & Losers: Mazagon Dock, Raymond among 6 stocks that hogged limelight on Tuesday

Nifty rose for the 14th consecutive session, closing at 25,279.85, supported by ICICI Bank and HDFC Bank. BSE Sensex fell slightly to 82,521.66. Here are Tuesday’s most active stocks.

The Economic Times

Raymond shares jump 9% ahead of listing of lifestyle business. Here's why

Raymond Share Price: Raymond shares jumped 9% to Rs 2,182 ahead of its lifestyle business listing this week. Brokerages, including Motilal Oswal and InCred, view this as transformative. Raymond aims for 12-15% sales growth and doubling EBITDA to Rs 2,000 crore by FY28.

Business Line

Raymond Group set for three-way split, awaits listings

On completion of three-way split, Raymond Group to comprise three listed companies: Raymond Ltd, Raymond Lifestyle Ltd, and Raymond Realty Ltd

CNBC TV18

Raymond shares surge ahead of Lifestyle business listing — Here's what is in store

The brokerage is anticipating Raymond Lifestyle's revenue to grow at a compounded annual growth rate (CAGR) of 17% over financial year 2024 and 2027 with a focus on the capex-light franchise model.

Business Line

The century old Raymond Group plans two listings by end of 2025

The company plans to list its apparel and real estate units in a bid to boost shareholder value

Mint

Gautam Singhania says Raymond's business inquiries surging after Bangladesh crisis: 'Ready to grab opportunity...'

Raymond Ltd. received a “huge number of inquires” from global companies after the Bangladesh crisis, and the brand is poised to take this opportunity, reported PTI on Sunday, September 1 quoting CMD Gautam Singhania.

The Economic Times

With 3 listed entities, Raymond expects 15% sales growth, up to 20% pre-tax earnings: Gautam Singhania

Raymond, a diversified group which will have three listed entities in its fold after demerger of lifestyle and real estate verticals, is looking for a stabilised growth of 15 per cent from sales along with 15-20 per cent of pre-tax earnings, Chairman & Managing Director Gautam Hari Singhania said.

Business Line

Raymond CMD says business inquiries surging after Bangladesh crisis

Asked if he expects shifting of some garmenting business to India from Bangladesh, Singhania told PTI, “We are hoping so.”

Business Standard

Raymond receiving large number of biz inquiries after B'desh crisis: CMD

Leading textiles and apparel company Raymond has received a "huge number of inquiries" from global firms after the crisis in neighbouring Bangladesh and is ready to grab this opportunity, its Chairman & Managing Director Gautam Hari Singhania said. Raymond, which has invested in its garmenting facility to become the third largest suit maker in the world, is ready to "take advantage" from the current situation, Singhania told PTI. Asked if he expects shifting of some garmenting business to India from Bangladesh, he said, "We are hoping so. We are seeing the inquiries. It obviously needs a little bit of time, but we are certainly seeing positive signs on that." India is better-placed with its end-to-end supply capabilities linking all stages as companies as Raymond are present in both fabric and garmenting business, which, in turn, will save time for international brands also on final delivery, he said. "Bangladesh does not have a fabric supply. India has got a great opportunity to .

The Economic Times

Raymond receiving large number of business inquiries after Bangladesh crisis: Raymond CMD Gautam Singhania

Raymond, a leading textiles and apparel company, is seeing a surge in inquiries from global firms due to the crisis in Bangladesh. Chairman Gautam Hari Singhania said that Raymond's integrated supply capabilities make India an attractive alternative for garment production. Their expanded capacity and quality offerings are poised to capitalize on this opportunity.

Mint

Raymond Lifestyle to list on bourses in September first week. Analysts decode likely valuations, business, more.

Raymond Lifestyle will list in early September 2024. The company aims to double EBITDA to over ₹20 billion by FY28 and grow sales by 12-15%. Shareholders will receive new equity shares, and the company is expanding into new categories.

The Economic Times

Raymond Lifestyle plans 900 stores in 3 years: Gautam Singhania

Raymond Lifestyle plans to add 900 stores in the next three years and targets 12-15% annual sales growth, says chairman Gautam Singhania. The demerged unit of Raymond will list on the bourses on September 5. The demerger aims to unlock shareholder value by focusing on the lifestyle business. Investments in the UK, EU, and Australia are seen as opportunities. Previously, Raymond sold its FMCG business and demerged its lifestyle and real estate units.

Business Standard

Raymond Lifestyle expands board size to 10 members ahead of listing

RLL, a branded textile and apparel company, is expected to list in early September. The company was hived off from Raymond last month

Business Line

Raymond Q1 PAT up 27% y-o-y, revenue doubles

Real estate segment’s revenue doubles to Rs ₹487.8 crore; while the engineering and auto components business revenue also too doubles to Rs ₹419 crore in the quarter under review

Business Standard

Raymond in focus amid lifestyle unit spinoff; likely to list RRL in a month

Raymond has also proposed the merger of its real estate business Raymond Realty (RRL)

Business Standard

Raymond rallies 7% as Board approves vertical demerger of real estate biz

Upon the completion of this demerger, Raymond and Raymond Realty will operate as separate listed entities within the Raymond Group

Business Standard

How to trade Raymond stock as board okays biz split; key levels to watch

Raymond stock outlook: Raymond has rallied 65 per cent in the last 3 months, and over 100 per cent in 7 months; the stock needs to break above Rs 3,173 for a further rally, suggests technical charts

Business Standard

Raymond to demerge real estate business, list realty vertical on exchanges

Textile major Raymond Ltd on Thursday said it will demerge the real estate business to unlock the value for shareholders and harness growth potential in the Indian property market. In a regulatory filing, the company informed that its board has approved the scheme of arrangement of Raymond Ltd (demerged company) and Raymond Realty Ltd (resulting company) and their respective shareholders. As per the scheme of arrangement, each Raymond Ltd shareholder will receive one share of Raymond Realty for every one share held in Raymond Ltd. The standalone operational revenue of the real estate division stood at Rs 1,592.65 crore in the last fiscal, accounting for 24 per cent of the total revenue of Raymond Ltd. This will be subject to the requisite approvals and sanction of the jurisdictional bench of the National Company Law Tribunal (NCLT) and subject to the approval of shareholders and/or creditors, central government, or such other competent authority as may be directed by the NCLT. Upo

Business Standard

Raymond demerges its real estate biz into Raymond Realty

Raymond announced the vertical demerger of its Real Estate Business into its wholly owned subsidiary, Raymond Realty (RRL).

The Economic Times

Raymond reappoints Gautam Hari Singhania as MD for five years

Raymond reappoints Gautam Hari Singhania despite recommendations against, prompting an independent investigation. The National Company Law Tribunal approves corporate restructuring. Q4 sees a significant 18% profit increase to Rs 229 crore.

The Economic Times

Raymond expands garmenting capacity eyeing China + 1 strategy, to become third largest suit marker

Expanding capacity to become a top global suit maker, I strategically cater to new markets. With a focus on high-value garments, my facilities in India and Ethiopia meet the strong demand from the US, UK, and European markets. This expansion boosts domestic manufacturing and aligns with the Make in India initiative.

The Economic Times

Raymond to add over 100 stores of ethnic wear brand Ethnix by Raymond in FY25

Ethnix business is already contributing to the topline of the branded apparel segment of Raymond with its strong performance. "Going forward we will open more doors for this category and will be celebrating with Bharat by adding 100+ of new stores of Ethnix by Raymond in fiscal 2025," said Singhania.