Raymond registers top line growth in their textile segment

Raymond that offers end-to-end solutions for fabrics and garmenting has significantly stepped up its new store roll-outs. The brand presently has 974 stores across all formats, including 43 outlets in the Middle East SAARC region covering over 1.88 million square feet of retail space.

Gautam Hari Singhania, Chairman and Managing Director, Raymond Limited, said, “Q3 commenced with subdued consumer sentiment, which gradually improved during the latter part of the quarter. We registered a good top line growth driven by strong performance in the textile segment. We have significantly stepped up our ad spends, new store roll-outs, alongwith stores renovation, as a part of brand building exercise in the life style business, benefits of which will commence accruing from next year. The performance of engineering business did not measure up to our expectations. However, we are hopeful of improving the performance against the backdrop of pick up in the industrial activity envisioned in the coming times.”

Established in 1925, Raymond is known for its superior quality worsted suiting fabrics, stylish apparel and inimitable service, The Raymond Shop, the retail arm of the brand, enhances customer experience with a touch of luxurious lifestyle. Franchising since 1959, Raymond is successfully operational in almost all the cities across India.

It has some of the leading brands in its portfolio including, Raymond , Park Avenue, Raymond Premium Apparel, Parx and Color Plus amongst others. Raymond has one of the largest exclusive retail networks in the textile and fashion space in India. As a part of the diversified group, it also has business interests in men’s accessories, personal grooming and toiletries, prophylactics, energy drinks, files and tools and auto components.