Raymond Invests ₹200 Crore to Boost Garment Manufacturing Capacity
Raymond Limited, a leading Indian textile company, announces a significant investment of ₹200 crore to expand its apparel and garment manufacturing capacity.
Raymond LimitedGarment ManufacturingChina Plus One StrategyMake In India InitiativeIndian Textile IndustryReal Estate NewsJun 15, 2024
Gautam Hari Singhania, Chairman & Managing Director of Raymond Limited, expressed satisfaction with the company’s performance across its various business segments. “I am satisfied with the performance across businesses, and they have demonstrated consistent growth throughout the year. Our Lifestyle business showed strong perseverance and recorded growth despite headwinds and muted consumer demand. For our Real Estate business, we have maintained strong booking momentum, particularly with the launch of our first JDA project in Bandra, Mumbai. We remain committed to delivering value to stakeholders and are confident in our ability to capitalize on growth opportunities, ensuring sustained success in the future. We have our three verticals – Lifestyle, Real Estate & Engineering – that are future growth engines, which is in line with India’s vision of Viksit Bharat,” said Singhania.
During fiscal ’24, Raymond focused on expanding its distribution reach by opening over 200 new stores. The company also emphasized premiumization and casualization, leading to robust growth in its Branded Apparel segment, which achieved a 20% increase compared to the previous year despite a weaker retail industry. This new investment underscores Raymond’s commitment to innovation and growth, reinforcing its position as a leading player in the global apparel industry.
Information Raymond Limited is a leading Indian textile company with a diverse portfolio of businesses, including fabric, garment, and fashion. The company has a rich history of over 90 years and is known for its high-quality products and innovative designs.
Raymond Limited is a leading Indian textile company with a diverse portfolio of businesses, including fabric, garment, and fashion. The company has a rich history of over 90 years and is known for its high-quality products and innovative designs.
Frequently Asked Questions
What is the investment amount announced by Raymond Limited?
₹200 crore
What is the purpose of this investment?
To expand Raymond's apparel and garment manufacturing capacity
What is the global strategy aligned with this expansion?
The 'China Plus One' strategy adopted by many international brands
What is Raymond's aspiration with this investment?
To become the world's third-largest suit maker
What is the revenue achieved by Raymond Limited in the current fiscal year?
₹9,286 crore
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