Raymond Lifestyle Limited
About Raymond Lifestyle Limited
Incepted in 1925, Raymond has been synonymous with Trust, Quality and Excellence. Raymond is a diversified conglomerate with majority business interests in Textile & Apparel sectors and presence across diverse segments such as Engineering and Prophylactics in national and international markets. Being a manufacturer of Textiles, Raymond produces ‘The finest fabric in the world’. With over 1,000 exclusive stores spread across 400 cities and an expansive network of over 20,000 retailers in India, Raymond and its brands are also available in tier IV & V cities. Over the years, Raymond has emerged as a preferred choice for top design houses across 55 countries. Raymond has also been a leading player in Shirting fabrics. Raymond is a textile powerhouse with state of the art manufacturing infrastructure, best industry practices that has raised the bar of Indian textile manufacturing.Raymond is also an aggressive player in the ready to wear apparel segment with brands such as Park Avenue, ColorPlus, Parx & Raymond Ready To Wear. Having pioneered the innovative concept of customised clothing, ‘Raymond Made To Measure’ offers luxurious service that allows discerning customers to personalize their ensembles in their signature styles.Raymond’s state of the art & wholly owned subsidiaries such as Silver Spark Apparel Ltd, Celebrations Apparel Ltd & Everblue Apparel Ltd by crafts suits, trousers, shirts & Jeans for leading fashion labels across the world.
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Raymond Share Price Hits Three-Month High As Stock Surges For Second Consecutive Day
- Shares of Raymond Ltd. rose over 6% to hit a three-month high, marking the second consecutive day of gains.
- The surge comes after the demerger of Raymond's lifestyle business, with the company focusing on real estate and engineering sectors.
- Raymond shares have gained over 72% in the last 12 months.
- Analysts maintain a 'buy' rating on Raymond, with a consensus price target implying an upside of 29.3%.
Raymond Lifestyle Shareholders Urged To Reject Gautam Singhania's Appointment As Chairperson
- Advisory firm IiAS Advisory Services advises shareholders to reject Gautam Singhania's appointment as executive chairperson of Raymond Lifestyle Ltd.
- The opposition is based on concerns over Singhania's remuneration package and the company's governance practices.
- Singhania's payment composition and the lack of clarity on major issues are reasons for the opposition.
- The ongoing personal issues involving Singhania, including divorce proceedings and allegations of domestic violence, are also a cause for concern.
Raymond Receives 'No Objection' From BSE, NSE For Demerger Of Realty Business
- Raymond Ltd. has received 'no objection' letter from the National Stock Exchange and the BSE for the demerger of its real estate arm, Raymond Realty Ltd.
- Raymond Realty will be listed on both the NSE and the BSE after obtaining necessary approvals.
- The demerger plan aims to exploit the growth potential of the real estate business and attract new investors and strategic partners.
- In fiscal 2024, real estate contributed 17% to Raymond's overall revenues.
Demand Uptick In Wedding Season Raises Raymond Lifestyle's Hopes Of Strong H2
- Leading players in the apparels industry expect the ongoing wedding season to boost business in the second half of the current financial year.
- Consumers are expected to spend Rs 6 lakh crore over the next five months during the wedding season.
- The apparel business segment is seeing a shift from casual wear to ceremonial and formal wear.
- Raymond Lifestyle's CEO is confident of business picking up in the second half due to a staggered and prolonged wedding season.
Stock Market Live: GIFT Nifty Trades Below 24,100; Raymond, IRCTC, KEC International In Focus
- The GIFT Nifty is trading below 24,100, with Raymond, IRCTC, and KEC International in focus.
- Most indices in the Asia Pacific region fell ahead of the US election outcome and Federal Reserve's action later this week.
- US indices ended lower in anticipation of the presidential election outcome.
- NSE Nifty 50 and BSE Sensex closed at their lowest levels in over a month, led by declines in Reliance Industries Ltd. and HDFC Bank Ltd.
Raymond Q2 Results: Profit Falls 63% To Rs 59 Crore
- Raymond Ltd reports a 63% decline in consolidated net profit to Rs 59.01 crore in Q2 of this fiscal.
- Total income rose to Rs 1,100.70 crore during July-September period, compared to Rs 512.35 crore in the previous year.
- Gautam Hari Singhania, Chairman & Managing Director, Raymond Ltd, mentioned good momentum in real estate and engineering businesses.
- Raymond Realty launched Park Avenue- High Street Reimagined, a retail space in Thane, as part of its residential projects.
Raymond’s real estate, engineering ops post good revenue growth in Q2
- Raymond reported 75% higher EBITDA at ₹175 crore, but EBITDA margin fell to 15.6% from 19.2% year ago.
- The company's real estate business posted revenue of ₹571 crore, with a growth of 135%. It sold houses worth ₹562 crore in the quarter.
- The engineering business saw a 121% rise in revenue to ₹443 crore, driven by support from the domestic markets.
- Raymond has a net cash of ₹685 crore for future growth.
Amara Raja, IRCTC, IRFC, ABB India, Raymond Among 40+ Companies To Declare Q2 Results Today
- Amara Raja, IRCTC, IRFC, ABB India, Raymond are among the 47 companies expected to declare their Q2 results on November 4.
- IRFC reported a 1% rise in consolidated profit after tax in Q1.
- IRCTC's Q1 net profit jumped 33% and revenue from operations rose 11.8%.
- Raymond reported a consolidated revenue of Rs 938 crore in Q1, up 98.3% year-on-year.
IRCTC, IRFC, Exide Industries Q2 Results Today — Earnings Estimates
- IRCTC, IRFC, Exide Industries, Bata, Hatsun, ABB India, and Raymond are expected to announce their Q2 earnings today.
- IRCTC is estimated to report a net profit of Rs 316.6 crore with revenue projected at Rs 1,125.7 crore.
- Exide Industries is likely to report a net profit of Rs 259 crore with revenue of Rs 4,549 crore.
- Other notable companies announcing earnings today include Indian Railway Finance Corp., Procter & Gamble Health Ltd., and ABB India Ltd.
Stocks To Watch: Hero MotoCorp, IRCTC, Zen Tech And More
- Hero MotoCorp, IRCTC, Zen Technologies, Bata India, Hatsun Agro, Exide industries, and Raymond are among the companies releasing their financial results.
- Hero MotoCorp reported an 18% YoY increase in total October sales, while scooter sales declined 5%.
- Zen Technologies reported a significant increase in net profit, revenue, and EBITDA for Q2.
- NSE Nifty 50 and BSE Sensex rebounded in a special trading session for Samvat 2081.
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