Raymond Soars to New Heights with Approval of Real Estate Business Demerger
Raymond's board has approved the vertical demerger of its real estate business, sending its shares skyrocketing to a record high.
RaymondReal EstateDemergerTextileLifestyleBranded ApparelReal Estate NewsJul 05, 2024
Raymond is a leading Indian textile, lifestyle, and branded apparel company with a wide network of operations in both local and foreign markets. The company sells its products through multiple channels, including wholesale, franchisee, and retail. In addition to its textile business, Raymond is also engaged in real estate constructions and development.
Raymond Realty has a significant land bank of roughly 100 acres in Thane, with 11.4 million sq ft of RERA-approved carpet area. The company has five ongoing projects worth Rs 9,000 crore on its Thane land, with a potential to generate more than Rs 16,000 crore in revenue. Additionally, Raymond has signed three new joint development agreements (JDAs) in Mahim, Sion, and Bandra East, Mumbai, taking the combined revenue potential from the four JDA projects in the Mumbai Metropolitan Region to over Rs 7,000 crore.
With the development of its Thane land bank and four JDAs, Raymond has a potential revenue of Rs 32,000 crore. The company is also expanding its garmenting capacity by a third of its current levels, which will make it the third-largest suit maker in the world once fully commissioned.
In the domestic market, consumer sentiment is expected to remain positive, driven by the approach of wedding and festive seasons and surging demand for formal and daily wear categories. Raymond aims to introduce new initiatives to bolster growth and diversify its product range through demerging its lifestyle business.
The demerger of Raymond Realty is expected to unlock significant value for shareholders and provide a clear growth trajectory for the company. With its strong presence in the textile and real estate sectors, Raymond is well-positioned to capitalize on the opportunities in the Indian market.
Raymond is a leading Indian textile, lifestyle, and branded apparel company with a rich history of over 90 years. The company has a wide network of operations in both local and foreign markets and sells its products through multiple channels. Raymond Realty is a wholly-owned subsidiary of Raymond, engaged in real estate constructions and development.
Raymond is a leading Indian textile, lifestyle, and branded apparel company with a rich history of over 90 years. The company has a wide network of operations in both local and foreign markets and sells its products through multiple channels.
Frequently Asked Questions
What is the reason behind Raymond's shares surging to a record high?
Raymond's shares surged to a record high after the company's board approved the demerger of its real estate business, Raymond Realty.
What is Raymond Realty's land bank in Thane?
Raymond Realty has a significant land bank of roughly 100 acres in Thane, with 11.4 million sq ft of RERA-approved carpet area.
What is the potential revenue of Raymond Realty's Thane land bank and four JDAs?
The potential revenue of Raymond Realty's Thane land bank and four JDAs is Rs 32,000 crore.
What is Raymond's plan to expand its garmenting capacity?
Raymond is expanding its garmenting capacity by a third of its current levels, which will make it the third-largest suit maker in the world once fully commissioned.
What is the expected growth trajectory for Raymond in the domestic market?
In the domestic market, consumer sentiment is expected to remain positive, driven by the approach of wedding and festive seasons and surging demand for formal and daily wear categories.
Related News Articles
Haryana RERA Orders Ocean Seven Buildtech to Pay Interest to 15 Homebuyers for Delayed Possession
The Haryana Real Estate Regulatory Authority has directed Ocean Seven Buildtech to pay interest to 15 homebuyers for delayed possession of flats in the Expressway Towers project in Gurugram.
Pune Witnesses Surge in Home Registrations in July-September Quarter
According to a recent report by FICCI-Anarock, home registrations in Pune have seen a significant rise in the July-September quarter. This surge indicates a strong market recovery and growing investor confidence in the real estate sector.
100+ Land Deals Spanning 1,700 Acres Closed in India: A Year of Real Estate Confidence
The robust increase in land deals this year underscores the unwavering confidence of both domestic and international investors in India's real estate sector. These transactions signal a promising trend for the future of property development in the country
Godrej Properties Sells Rs 28,800 Crore Worth of Properties in 2024, Leads Listed Firms
Godrej Properties has achieved a significant milestone by selling properties worth Rs 28,800 crore in 2024, topping the list of listed firms. The company has launched 30 projects, with the Mumbai Metropolitan Region (MMR) contributing Rs 9,177 crore.
Blackstone Acquires 14.3% Stake in Kolte-Patil Developers, Kicking Off Open Offer
Global investment giant Blackstone is set to acquire a 14.3% stake in Kolte-Patil Developers, a prominent real estate company in India, through an open offer. This strategic move underscores Blackstone's commitment to the Indian real estate market.
Artis Real Estate Investment Trust Declares Quarterly Cash Distribution
Winnipeg, MB, April 15, 2025 - Artis Real Estate Investment Trust (Artis or the REIT) (TSX: AX.PR.I) has announced that its trustees have declared a quarterly cash distribution to unitholders.