Raymond Lifestyle Ltd to Debut on Stock Exchanges, Plans Major Expansion

Raymond Lifestyle Ltd will be listed on stock exchanges on September 5, following a demerger. The company aims to open 900 new outlets in three years and achieve a 15% CAGR to capture a significant share in the men's wedding wear market by 2027.

Raymond Lifestyle Ltd is set to make its debut on the stock exchanges on September 5, marking a significant milestone for the company's growth strategy. This move follows the demerger of Raymond's retail and lifestyle businesses into two listed entities.

The company also announced an ambitious expansion plan, aiming to add 900 new outlets within the next three years. This aggressive growth strategy is part of Raymond Lifestyle's goal to achieve a 15% Compound Annual Growth Rate (CAGR) and secure around 7% of the rapidly expanding men's wedding wear market by 2027.

Gautam Singhania, Chairman and Managing Director of Raymond Group, highlighted the global opportunities due to challenges faced by competitors in China and Bangladesh, as well as favorable trade agreements with the UK, EU, and Australia. The demerger is expected to sharpen the company's strategic focus and enhance shareholder value by positioning Raymond Lifestyle among the top three global fabric suppliers by the end of this year.

(With inputs from agencies.)