Raymond Ltd. is a diversified Indian conglomerate known for its textile, apparel, real estate, and engineering businesses. It operates in branded textiles, garment manufacturing, real estate, tools, hardware, and auto components, catering to domestic and global markets with premium and mass-market offerings.
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Raymond Limited’s Company Overview and History
Raymond Ltd., established in 1925, is nearly a century old and a leading player in India’s textile and apparel industry. With a market valuation of thousands of crores, it is a trusted name in suiting, shirting, and premium fashion segments.
Owned by the Singhania family, Raymond ranks among India’s top textile brands and holds a strong global presence. It operates in multiple sectors, including real estate and engineering, making it a diversified conglomerate with a well-established reputation in both domestic and international markets.
Raymond Financials and Shareholder Returns
Raymond Ltd. reported ₹9,285.6 crore in revenue and ₹1,637.8 crore in net profit for FY 2024. With a 0.82% dividend yield, its stock delivered returns of 13.7% in one year, 41.3% in three years, and 45.5% in five years.
| Metric | Value |
| Revenue (FY 2024) | ₹9285.6 crore |
| Net Profit (FY 2024) | ₹1637.8 crore |
| Dividend Yield | 0.82% |
| 1-Year Return | 13.7% |
| 3-Year Return | 41.3% |
| 5-Year Return | 45.5% |
How Raymond Started and the Growth of Its First Business
Raymond Ltd. began in 1925 as a small woollen mill in Thane, Maharashtra, founded by the Wadia family. It specialized in producing fine woolen fabrics, catering to India’s growing textile industry during the pre-independence era when demand for high-quality suiting was rising.
Later acquired by the Singhania family, Raymond expanded into textiles and diversified into multiple sectors. Today, it is led by Gautam Hari Singhania as Chairman and Managing Director, steering its growth across apparel, real estate, and engineering, making it a dominant player in India’s business landscape.
How Did Raymond Expand into Subsequent Business Sectors?
Raymond Ltd., established in 1925 by Albert Raymond, has evolved from a small woolen mill into one of the world’s largest integrated fabric manufacturers. The company has played a significant role in shaping India’s textile and apparel industry. Here’s a chronological overview of Raymond Ltd.’s key milestones:
- 1925: Incorporated as Raymond Woollen Mill near Thane Creek, Maharashtra.
- 1944: The Singhania family, led by Lala Kailashpat Singhania, acquired the company, marking the beginning of a new era.
- 1958: Under the leadership of Gopalkrishna Singhania, Raymond opened its first exclusive retail showroom, “King’s Corner,” at Ballard Estate in Mumbai, pioneering the concept of organized retail in India.
- 1968: Established a readymade garments plant in Thane, marking its entry into the apparel sector.
- 1979: Set up a new manufacturing facility in Jalgaon, Maharashtra, to meet the growing demand for worsted woolen fabrics.
- 1986: Celebrated the centenary of the button-pression, with products representing 10% of the company’s activity.
- 1989: Ventured into the automotive sector by creating connectors for fuel circuits.
- 2000: Vijaypat Singhania handed over the chairmanship to his son, Gautam Singhania, ensuring continuity in leadership.
- 2015: Gautam Singhania received 37.57% of the total shares from Vijaypat Singhania, consolidating his position in the company.
- 2019: Raymond ventured into the real estate sector under the brand “Raymond Realty,” focusing on developing residential and commercial complexes in Thane, Maharashtra.
Raymond Revenue Split: How Raymond Earns Across Different Sectors
Raymond Ltd operates across various sectors, each contributing uniquely to its revenue. Here’s an overview:
- Textile: Raymond’s textile division is a major contributor to revenue, producing high-quality fabrics, including wool, polyester, and blended materials. It caters to both domestic and international markets, serving retailers, designers, and brands with premium suiting and shirting fabrics.
- Shirting: This segment focuses on manufacturing high-quality cotton and blended shirting fabrics. Raymond supplies leading apparel brands and retailers, offering a diverse range of weaves, colours, and textures, ensuring a strong presence in both domestic and export markets.
- Apparel: Raymond’s apparel segment includes ready-to-wear garments under brands like Raymond Ready-to-Wear, Park Avenue, and ColorPlus. It caters to premium and mid-segment customers, offering formal, casual, and ethnic wear through exclusive brand outlets and multi-brand retailers.
- Garmenting: The garment division specializes in producing tailored suits, jackets, trousers, and shirts for global brands and retail chains. It leverages advanced manufacturing capabilities to ensure precision, quality, and scalability, serving both domestic and international fashion markets.
- Tools & Hardware: Raymond manufactures precision-engineered tools and hardware, including hand tools and power tool accessories. This segment caters to the industrial, automotive, and construction sectors, ensuring high durability and efficiency for professional and DIY applications.
- Auto Components: The auto components segment supplies precision-engineered parts for automotive applications, including transmission components, bearing cages, and specialized metal parts. It serves OEMs and aftermarket players, ensuring reliability, durability, and compliance with global quality standards.
- Real Estate and Development of Property: Raymond Realty focuses on residential and commercial real estate development, primarily in Thane, Maharashtra. The company leverages its vast land bank to deliver high-quality housing projects and commercial spaces with modern infrastructure and amenities.
- Others: This segment includes various minor business operations, providing ancillary products and services that complement Raymond’s core business divisions. It represents a small portion of the company’s total revenue but contributes to overall diversification.
Challenges Faced by Raymond Across Its Businesses
The main challenges faced by Raymond across its businesses include rising costs, market competition, regulatory hurdles, and evolving consumer preferences. Supply chain disruptions, inflation, and economic slowdowns further impact profitability, demanding strategic planning, innovation, and operational efficiency for sustained growth.
- Rising Production Costs: Higher raw material, energy, and labour costs reduce margins, requiring efficient sourcing and cost management. Inflationary pressures and global supply chain disruptions add to the financial burden, making price stability a challenge.
- Intense Market Competition: Domestic and global brands, along with e-commerce growth, create pricing and market share pressures. To stay competitive, Raymond must continuously innovate, strengthen its branding, and expand its digital and offline presence.
- Regulatory Constraints: Compliance with environmental laws, labour policies, and taxation rules increases operational complexity. Changing government policies and import-export regulations affect manufacturing, real estate, and expansion strategies, adding to administrative costs.
- Changing Consumer Preferences: Shifts toward sustainable fashion, digital shopping, and premium products require constant adaptation. Raymond must invest in R&D, enhance its digital footprint, and introduce new designs to align with market trends and customer expectations.
How does Raymond’s future look in Terms of Growth and Strategy?
The main focus of Raymond’s future growth and strategy revolves around innovation, expansion, and digital transformation. By leveraging its strong brand, diversifying into high-growth segments, and optimizing operations, Raymond aims to strengthen its market presence and drive long-term profitability.
- Expansion in Real Estate: Leveraging its vast land bank, Raymond continues to develop residential and commercial projects, diversifying revenue streams. Increased urbanization and demand for quality housing offer strong growth opportunities in the real estate sector.
- Strengthening Digital Presence: E-commerce and omnichannel retail strategies are crucial for future success. Investing in technology, enhancing customer experience, and integrating online and offline sales channels will help Raymond capture the growing digital consumer base.
- Focus on Sustainability: Rising demand for eco-friendly textiles and responsible manufacturing necessitates sustainable practices. Raymond is investing in green technologies, ethical sourcing, and process improvements to align with global sustainability standards and attract environmentally conscious consumers.
- Product and Market Diversification: Expanding into premium apparel, global markets, and new product categories ensures sustained growth. Strengthening its presence in auto components, engineering, and lifestyle segments will provide additional revenue streams and reduce dependence on core textile businesses.
Raymond’s Expansion Plans and Growth Strategy
Raymond’s expansion plans focus on strengthening its core businesses while diversifying into high-growth sectors. The company is aggressively expanding its real estate segment, leveraging its land assets for residential and commercial projects. Additionally, it aims to enhance its global presence in textiles and apparel.
Raymond is also investing in digital transformation and sustainability initiatives to align with evolving consumer preferences. Strengthening its omnichannel retail network, improving supply chain efficiencies, and entering new product categories will drive long-term profitability and solidify its market leadership across industries.
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Raymond Company Overview and Revenue Split – Quick Summary
- Raymond Ltd., founded in 1925, is a leading textile and apparel giant with a strong global presence. Owned by the Singhania family, it has diversified into real estate and engineering, strengthening its market position.
- Raymond Ltd. posted ₹9,285.6 crore in revenue and ₹1,637.8 crore net profit in FY 2024. With a 0.82% dividend yield, its stock delivered strong returns of 13.7% (1-year), 41.3% (3-year), and 45.5% (5-year).
- Raymond Ltd. started in 1925 as a woolen mill in Thane. Acquired by the Singhania family, it expanded into textiles, real estate, and engineering, growing into a major business under Gautam Hari Singhania’s leadership.
- Raymond Ltd., founded in 1925, grew from a woolen mill into a global fabric giant. Acquired by the Singhania family in 1944, it pioneered organized retail and expanded into apparel, auto components, and real estate under Gautam Singhania’s leadership.
- Raymond Ltd.’s FY 2024 revenue was driven by textiles (₹3,449.9 crore), real estate (₹1,592.6 crore), and apparel (₹1,586.9 crore). Garmenting, auto components, tools & hardware, and shirting also played key roles in its diversified business portfolio.
- Raymond Ltd. faced rising production costs, intense competition, regulatory challenges, and shifting consumer preferences in FY 2024. Adapting to market trends, optimizing operations, and strengthening branding were key to maintaining growth and profitability.
- Raymond Ltd. focused on real estate expansion, digital transformation, sustainability, and product diversification in FY 2024. Strengthening e-commerce, eco-friendly manufacturing, and new market entries aimed at boosting long-term growth and profitability.
- In FY 2024, Raymond expanded real estate projects, strengthened its global textile presence, and focused on digital transformation. Investments in sustainability, omnichannel retail, and new product categories aimed at driving long-term growth and profitability.
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Raymond Stock And Its Revenue Across Business Segments – FAQs
In FY 2024, Raymond Ltd. generated ₹3,44,992.39 lakh from textiles, ₹82,998.99 lacks from shirting, ₹1,58,699.86 lakh from apparel, ₹1,13,862.49 lakh from garments, ₹42,940.40 lakh from tools, ₹43,111.97 lakh from auto components, and ₹1,59,264.83 lakh from real estate.
Raymond Ltd. is a diversified conglomerate primarily engaged in textiles, apparel, and real estate. It is one of India’s largest integrated fabric manufacturers, producing premium suiting, shirting, and garments. The company also operates in the tools, hardware, auto components, and engineering sectors.
Raymond Ltd. is owned and led by Gautam Singhania, who serves as the Chairman and Managing Director. He took over leadership from his father, Vijaypat Singhania, and has since expanded the company’s presence across textiles, real estate, and other diversified business segments.
Raymond operates in multiple sectors, including textiles, apparel, garments, and shirting. It has diversified into real estate through Raymond Realty and is also involved in tools, hardware, auto components, and precision engineering. These businesses collectively contribute to its overall growth and revenue.
Raymond Ltd. reported an annual revenue of ₹9,285.60 crore in FY 2024, up from ₹8,337 crore in FY 2023 and ₹6,348 crore in FY 2022, reflecting steady growth across its textiles, apparel, real estate, and engineering segments.
The textile segment is the largest revenue contributor for Raymond Ltd., generating ₹3,44,992.39 lakh in FY 2024. It is followed by the real estate segment at ₹1,59,264.83 lakh and the apparel segment at ₹1,58,699.86 lakh, showcasing diversified business growth.
Raymond Ltd’s stock has delivered a 13.7% return over the past year, 41.3% over three years, and 45.5% over five years. This steady growth reflects the company’s resilience, strong business performance, and expansion across key sectors like textiles and real estate.
Raymond Ltd. has not issued any recent bonus shares. Investors should check the company’s announcements and corporate actions for updates on bonus issues, dividends, and stock splits. Historical data and regulatory filings provide insights into Raymond’s capital allocation strategies.
As of December 2024, Raymond’s major shareholders include promoters holding 48.87%, FIIs at 15.38%, DIIs at 4.21%, and retail investors at 13.68%. Key entities include J.K. Investors (Bombay) Ltd. (29.83%) and J.K. Investo Trade (India) Ltd. (17.83%).
Raymond Ltd recently acquired a 59.25% stake in Maini Precision Products Ltd (MPPL) via its subsidiary Ring Plus Aqua Ltd (RPAL) for ₹682 crore. This acquisition enhances Raymond’s presence in the precision engineering and auto components sector.
Disclaimer: The above article is written for educational purposes and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
