Representative Image MUMBAI: Leading designer brands from Tarun Tahiliani and Abu Jani, Sandeep Khosla to Sabyasachi and Rahul Mishra recorded a surge in sales of wedding and occasion wear in 2023-24, ranging between high double-digits and triple digits, bucking the overall trend of lacklustre demand as a sharpening focus on premiumisation added sheen to their…
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…
Raymond Lifestyle plans to add 900 stores over the next three years, targeting 12-15% annual sales growth and 18-20% operating profit growth, according to chairman Gautam Singhania. Shares of Raymond Lifestyle, the demerged unit of Raymond, are set to list on the bourses on September 5. Singhania told ET that internal challenges in China and…
New Delhi: Raymond Ltd on Tuesday reported a 26.7 per cent increase in consolidated net profit from continuing operations at Rs 57.04 crore in the first quarter ended June 2024. The company had posted a consolidated net profit of Rs 45.02 crore from continuing operations in the same quarter last fiscal, Raymond Ltd said in…
Gautam Singhania, chairman of Raymond Mumbai: Raymond Lifestyle (RLL), the demerged entity of the ₹9,286-crore conglomerate Raymond, has appointed some top executives of India Inc as independent directors ahead of a possible listing next month. Vineet Nayar, former chief executive of HCL Technologies, GC Chaturvedi, former chairman of ICICI, Anisha Motwani, board member of Abbott,…
New Delhi: Ethnix by Raymond, an ethnic wear brand is charting a course for rapid expansion with plans to significantly increase its retail presence to 250 stores by the end of this fiscal year 2024-25 across India, a company’s senior official said. The ethnic wear brand is aiming to open over 130 stores this fiscal…
Gautam Singhania, Managing Director, Raymond Mumbai: Gautam Singhania, chairman and managing director of fabric and apparel major Raymond, said his personal life has nothing to do with his businesses, which have demonstrated significant transformation and growth since the pandemic. Singhania, 58, is in the midst of a settlement dispute with estranged wife Nawaz Modi Singhania,…
New Delhi: Raymond Ltd on Friday reported an 18 per cent rise in consolidated profit after tax at Rs 229 crore in the fourth quarter ended March 2024. The company had posted a consolidated profit after tax of Rs 194 crore in the same quarter previous fiscal, Raymond Ltd said in a statement. Consolidated net…
New Delhi: Raymond, a leading menswear brand in the country, is looking to enhance its relevance among younger demographics and build its ready-to-wear category, said Sunil Kataria, CEO of Raymond Lifestyle, while speaking at the Great India Retail Summit 2024, that happened in Mumbai last month. Kataria outlined the company’s strategic pivot towards casualization within…
BENGALURU: Indian conglomerate Raymond reported a third-quarter profit jump on Thursday, as healthy demand for its high-margin branded apparel and real estate offerings outweighed a rise in costs. The company’s consolidated profit after tax nearly doubled to 1.84 billion rupees ($22 million) in the three months to Dec. 31, it said in an exchange filing….
