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Raymond Ltd News

Raymond to develop Rs 1,800 cr housing project in Mumbai with landowner

Real estate company Raymond Ltd has partnered with a landowner to develop a housing project in Mumbai with an estimated revenue potential of Rs 1,800 crore. In a regulatory filing on Friday, Raymond Ltd said that "its 100 per cent owned step-down subsidiary, Ten X Realty West Ltd, has signed a joint development agreement of a prestigious residential project in the prime location of Mahim West, Mumbai." This landmark project is estimated to have a revenue potential of approximately Rs 1,800 crore, it added. Raymond Ltd did not disclose the name of the landowner and also the size of the land as well as total development potential in the upcoming project. This significant development aligns with Raymond Ltd's growth strategy to capitalise on opportunities within the dynamic MMR (Mumbai Metropolitan Region) real estate market. "With addition of this project, the Gross Development Value (GDV) of real estate projects of the company will be close to Rs 35,000 crore," the company said. W

Raymond to develop Rs 1,800 cr housing project in Mumbai with landowner
Updated On : 07 Feb 2025 | 3:32 PM IST

Slow start, but strong retail growth expected: Raymond CMD Gautam Singhania

The retail business was somewhat slow initially, but it has picked up over the past seven to eight days, said Gautam Singhania, chairman and managing director of Raymond

Slow start, but strong retail growth expected: Raymond CMD Gautam Singhania
Updated On : 30 Jan 2025 | 7:19 PM IST

Raymond shares advance 4% after revenue jumps 41% in Q3 results; know more

Raymond share price gained 3.79 per cent at Rs 1,564.50 a piece on the BSE in Thursday's intraday trade after the company delivered a significant rise in revenues for the third quarter

Raymond shares advance 4% after revenue jumps 41% in Q3 results; know more
Updated On : 30 Jan 2025 | 10:00 AM IST

Raymond rallies 12% on heavy volumes; stock soars 37% from 52-week low

Till 12:14 PM, a combined 5.07 million shares, representing 7.6 per cent of the total equity of Raymond, had changed hands on the NSE and BSE

Raymond rallies 12% on heavy volumes; stock soars 37% from 52-week low
Updated On : 10 Dec 2024 | 12:57 PM IST

Raymond receives NOC from exchanges for demerger of its realty business

After the demerger, the resulting company, Raymond Realty Limited (RRL), will be listed on both stock exchanges after obtaining the necessary approvals

Raymond receives NOC from exchanges for demerger of its realty business
Updated On : 22 Nov 2024 | 3:40 PM IST

Raymond gains 7% as BSE, NSE give nod to demerger & listing of realty biz

This development comes after, on July 4, 2024, Raymond's board of directors approved the demerger of Raymond and Raymond Realty Limited

Raymond gains 7% as BSE, NSE give nod to demerger & listing of realty biz
Updated On : 22 Nov 2024 | 10:58 AM IST

Raymond share price gains 5% as Q2 profit more than doubles; details here

The surge in Raymond share price came after the company posted a healthy set of numbers in the September quarter of financial year 2025 (Q2FY25)

Raymond share price gains 5% as Q2 profit more than doubles; details here
Updated On : 05 Nov 2024 | 10:07 AM IST

Raymond Q2 results: Net profit falls 63% to Rs 59 cr, income at Rs 1,100 cr

Raymond Ltd, which is into real estate and engineering business, on Monday reported a 63 per cent decline in consolidated net profit to Rs 59.01 crore in the second quarter of this fiscal. Its net profit stood at Rs 161.16 crore in the year-ago period. Total income rose to Rs 1,100.70 crore during July-September period of this fiscal from Rs 512.35 crore in the corresponding period of the previous year, according to a regulatory filing. Gautam Hari Singhania, Chairman & Managing Director, Raymond Ltd, said, "We witnessed good momentum both in real estate and engineering businesses." "With the launch of Park Avenue- High Street Reimagined, the first of its kind retail space in Thane, Raymond Realty has taken yet another pioneering step to create the aspirational ecosystem for its current and upcoming residential projects. The project execution remains our USP as our endeavor is to continue to deliver before RERA timelines," he added.

Raymond Q2 results: Net profit falls 63% to Rs 59 cr, income at Rs 1,100 cr
Updated On : 04 Nov 2024 | 9:15 PM IST

Q2 results: IRCTC, IRFC and Raymond among 47 to post earnings on Nov 4

Q2FY25 results Nov 4: Patanjali Foods and Colgate-Palmolive announce dividend payouts

Q2 results: IRCTC, IRFC and Raymond among 47 to post earnings on Nov 4
Updated On : 04 Nov 2024 | 10:10 AM IST

Raymond Group chairman blasts Lamborghini for not responding to complaints

Raymond Group Chairman and Managing Director Gautam Singhania has blasted Italian carmaker Lamborghini for "arrogance" having failed to reach out to him regarding an issue with his car. Singhania had earlier tweeted on X about his Lamborghini Revuelto getting stranded at Mumbai's trans-harbour link due to a complete electrical failure. "I'm shocked at the arrogance of India Head @Agarwal_sharad and Asia Head Francesco Scardaoni. No one has reached out even to check what the customer issues are," he tweeted on Sunday. Lamborghini India could not immediately reach out about the matter. In a tweet on October 16, Singhania had noted that the Lamborghini India and Asia leadership failed to reach out to him despite him being an old loyal customer. "It is shocking that the India Head of Lamborghini @agarwal_sharad has not even bothered to make a phone call to enquire what the problem with an old loyal customer is. Is the brand arrogance getting to another level?" he tweeted. Earlier thi

Raymond Group chairman blasts Lamborghini for not responding to complaints
Updated On : 28 Oct 2024 | 10:26 AM IST

Raymond Lifestyle stock jumps 4% after Motilal Oswal's 'buy' rating

Revenue, profit to grow 11%, 15% CAGR between FY24 and FY27, says the brokerage

Raymond Lifestyle stock jumps 4% after Motilal Oswal's 'buy' rating
Updated On : 21 Oct 2024 | 11:47 AM IST

Bikaji, Raymond, SPARC among 5 smallcap stocks that can gain up to 18%

These 5 smallcap stocks have given a breakout on the hourly time-frame hence are expected to trade with a positive bias in the near-term, suggests the technical charts.

Bikaji, Raymond, SPARC among 5 smallcap stocks that can gain up to 18%
Updated On : 14 Oct 2024 | 12:02 PM IST

Raymond up 9% on confirming demerger and listing of lifestyle, realty biz

Raymond will demerge into three entities--Raymond, Raymond Lifestyle and Raymond Realty

Raymond up 9% on confirming demerger and listing of lifestyle, realty biz
Updated On : 03 Sep 2024 | 3:20 PM IST

Raymond receiving large number of biz inquiries after B'desh crisis: CMD

Leading textiles and apparel company Raymond has received a "huge number of inquiries" from global firms after the crisis in neighbouring Bangladesh and is ready to grab this opportunity, its Chairman & Managing Director Gautam Hari Singhania said. Raymond, which has invested in its garmenting facility to become the third largest suit maker in the world, is ready to "take advantage" from the current situation, Singhania told PTI. Asked if he expects shifting of some garmenting business to India from Bangladesh, he said, "We are hoping so. We are seeing the inquiries. It obviously needs a little bit of time, but we are certainly seeing positive signs on that." India is better-placed with its end-to-end supply capabilities linking all stages as companies as Raymond are present in both fabric and garmenting business, which, in turn, will save time for international brands also on final delivery, he said. "Bangladesh does not have a fabric supply. India has got a great opportunity to .

Raymond receiving large number of biz inquiries after B'desh crisis: CMD
Updated On : 01 Sep 2024 | 12:01 PM IST

With long-term vision, I aimed at creating 3 separate businesses: Singhania

Singhania says he has laid the groundwork for a promising future

With long-term vision, I aimed at creating 3 separate businesses: Singhania
Updated On : 28 Aug 2024 | 9:54 PM IST

Raymond Lifestyle expands board size to 10 members ahead of listing

RLL, a branded textile and apparel company, is expected to list in early September. The company was hived off from Raymond last month

Raymond Lifestyle expands board size to 10 members ahead of listing
Updated On : 26 Aug 2024 | 6:50 PM IST