Raymond eyes 5% of branded apparel business from khadi, roll-out in October

Firms targets Rs 60-70 cr business from segment, will source 400,000 metres from KVIC clusters

Planning a retail roll out in October this year, Raymond is expecting a five per cent revenue share in its Rs 1,200 crore-plus apparel business to come from khadi products.  

According to Gaurav Mahajan, President-Apparel Business, Raymond Ltd, while the company has formally announced its foray into khadi, it is planning a retail roll-out of the product in October.  

"We hope to roll out khadi products under the Raymond Ready to Wear brand by October this year.  We hope to do a business of Rs 60-70 crore from khadi this year. While in the first phase we will