Raymond m-cap doubles on strong profit growth, firm to expand across India

While fabrics is a strong force in the company, the apparel business will be the driver in the next three years

Fabric and apparel maker Raymond has seen its market capitalisation double to Rs 46 billion over the past two and a half years, outperforming most peers. Even as the compound annual growth rate (CAGR) in revenue was just 3 per cent, net profit grew 26 per cent a year. 

Raymond’s performance comes on the back of its asset-light retail expansion, continued growth by existing apparel brands, and steady B2B numbers despite demonetisation hurting apparel players. 

Raymond Group Chairman Gautam Singhania says, “One of Raymond’s most defining moments was when I took shareholder control in 2015 and was then able to