Raymond Group's Strategic Expansion: A Path to Diversified Growth

Raymond Group, under the leadership of Chairman & Managing Director Gautam Hari Singhania, is set to diversify its portfolio by demerging its lifestyle and real estate verticals. The company aims for a 15% growth in sales and 15-20% pre-tax earnings. Raymond plans to list its entities and expand its retail and real estate operations significantly.

Raymond, a diversified conglomerate, is poised for growth as it demerges its lifestyle and real estate verticals. Chairman & Managing Director Gautam Hari Singhania aims for a stabilized growth of 15% in sales and 15-20% in pre-tax earnings.

Raymond Lifestyle, which includes apparel, garmenting, and retail brands, is expected to be listed this week. The company's nearly 100-year-old history sees it expanding into new segments, with plans to open 800 to 900 stores in the next three years.

The company's real estate vertical is also gearing up for explosive growth, with listings expected by mid-next year. Raymond, now debt-free, aims to exploit opportunities across its three strong business sectors: lifestyle, real estate, and engineering.

(With inputs from agencies.)