Company Overview
Raymond Limited, established in 1925, is a major force in the global textile manufacturing sector. Headquartered in Mumbai, Maharashtra, Raymond is the largest integrated manufacturer of fabric globally and commands over 60% market share in India for suiting fabrics, making it the nation's leading woolen textile producer. Its robust distribution channels enable its textile division to reach more than 30,000 retailers within India, supported by a proprietary retail network across over 150 cities. Furthermore, Raymond exports its products to over 55 countries, including regions such as the USA, Canada, Europe, Japan, and the Middle East.
Beyond textiles, Raymond has diversified its interests into sectors such as Consumer Care, Engineering, Real Estate, and Apparel. The company is publicly traded on both the Bombay Stock Exchange (BSE: 500330) and the National Stock Exchange of India (NSE: RAYMOND).
Financial Performance
Despite a challenging Q2 in the fiscal year 2025, where consolidated net profit dropped by nearly 70% to ₹42 crore, Raymond Limited showcases a potent revenue line, especially with notable growth in the real estate and engineering sectors. Financial reports from Q4 2023 revealed a striking increase in profit after tax (PAT) by 93.6%. For Q2 FY'25, Raymond's revenue ascended to ₹1,100.70 crores year-on-year, underscoring its strong revenue generation capacities.
Leadership
Raymond Limited operates under visionary leadership committed to driving strategic growth and adaptation in a dynamic market.
Gautam Hari Singhania
Gautam Hari Singhania holds the position of Chairman and Managing Director. Since his tenure began in January 1999, Singhania has been instrumental in transformative strategic expansions, facilitating Raymond's sustained dominance in textiles.
Amit Agarwal
Serving as the Group Chief Financial Officer, Amit Agarwal is a pivotal figure in guiding Raymond's financial operations. His tenure emphasizes enhancing financial efficiency and optimizing the capital structure to drive Raymond's fiscal goals.
Sunil Kataria
As Chief Executive Officer for Raymond Lifestyle (India & International), Sunil Kataria leads with a focus on brand development and expansion within the Lifestyle segment, playing a critical role in crafting retail strategies and propelling product innovations.
Arvind Mathur
Arvind Mathur, at the helm of Raymond UCO Denim as CEO, contributes significantly to the denim division's growth, leveraging his experience and strategic insight to align with Raymond’s overarching business goals.
Strategic Initiatives
Raymond continues to explore its strategic ventures through the expansion of real estate projects and strategic restructuring, such as the demerger of its engineering segment. The company's continued domestic expansion in retail channels and innovative product offerings is aimed at bolstering its market positioning. Encountering operational challenges like inflationary pressures, Raymond’s robust planning for festive seasons and product diversification remains critical to sustaining growth momentum.
Competitor Profiling
Raymond operates within a competitive landscape characterized by several prominent brands, each contributing to a dynamic market environment.
Arvind Limited
- Industry: Textile manufacturing and retail apparel.
- Headquarters: Ahmedabad, Gujarat, India.
- Company Size: Over 10,001 employees.
- Founded: 1931.
- Financial Overview: Integrated into a $2 billion group.
- Core Products: Denim, woven fabrics, knit fabrics, and garments.
- Specialties: Advanced materials, sustainable practices, and technical textiles.
- Noteworthy Achievement: Gold Award for its Integrated Annual Report 2024, with a high score of 98/100.
Louis Philippe
- Industry: Premium menswear and accessories.
- Headquarters: Bengaluru, Karnataka, India.
- Company Size: 1,001-5,000 employees.
- Founded: 1989.
- Parent Company: Madura Fashion & Lifestyle, a division of the Aditya Birla Group.
- Core Products: Shirts, trousers, suits, blazers, and accessories.
- Reputation: Synonymous with luxury fashion and refined craftsmanship.
Sara Group
- Industry: Luxury goods and textiles.
- Headquarters: New Delhi, India.
- Company Size: 5,001-10,000 employees.
- Founded: 1967.
- Core Business: Distribution of luxury bathroom products and textiles.
- Specialties: Textiles manufacturing alongside engineering and infrastructure ventures.
Blackberrys
- Industry: Retail apparel and menswear.
- Headquarters: Gurgaon, Haryana, India.
- Company Size: 501-1,000 employees.
- Founded: 1991.
- Core Products: Formal and casual menswear, such as trousers, suits, jackets, and casual wear.
- Market Perception: Positioned as a prominent brand catering to men's fashion with a commitment to partnerships.
Planet Fashion
- Industry: Retail apparel.
- Headquarters: Karnataka, India.
- Business Model: Chain of retail stores offering products from celebrated brands like Louis Philippe, Van Heusen, Allen Solly, and Peter England.
- Market Role: Focal point for men's formal wear under Madura Fashion.
Strategic Insights
Within this competitive sphere, companies like Arvind Limited and Blackberrys stand out due to their market presence and product variety, impacting both domestic and international landscapes. Louis Philippe exerts pressure in the premium menswear segment through its Aditya Birla Group connection, known for outstanding craftsmanship. Gaining insights into these competitors' strategies, product lines, and market initiatives can help align Raymond's strategies effectively, emphasizing product differentiation, technological innovation, and sustainable practices as key competitive advantages.
