Stores now preferred choice over online shopping: Raymond's Singhania

Raymond's sales rise 15% in September quarter versus pre-Covid period

Higher consumer spending has helped Raymond, a real estate-to-consumer products company, to report a 15 per cent rise in its consolidated sales when compared to pre-Covid levels and three times rise in the real estate segment alone, its Chairman Gautam Singhania said here on Tuesday.

“We have witnessed a sharp turnaround in our sales due to higher consumer spending in the September quarter and with the record wedding season planned in the next few months, I am optimistic that this trend will continue,” Singhania said in an interview. Higher sales were also due to price increases taken by the company,