Page 4 - Raymond

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.

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

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 Lifestyle to hire 9,000 workers for hundreds of new stores

Raymond's garments business, which exports to the United States, Europe and Japan, reported sales of Rs 1,139 cr last year, accounting for over a tenth of the group's revenue

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

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.

Raymond Lifestyle lists at Rs 3,020 on NSE; locked in 5% lower circuit

RLL's stock locked in lower circuit of 5 per cent at Rs 2,869, after listing at Rs 3,020 on the National Stock Exchange on Thursday.

Share market today: Mixed global cues, falling crude & RLL listing in focus

Share market today: Mixed Asian markets, RIL getting PLI approval for full 10 GWh battery making facility, crude oil falling 1% below $74, and Raymond Lifestyle IPO, are among triggers that will be on

Following demerger, Raymond Lifestyle to add 900 new outlets in three years

Raymond Lifestyle Ltd will be listed on the stock exchanges on September 5 and aims to add 900 new outlets in three years. Following the demerger of its retail and lifestyle businesses, Raymond will have two listed entities. In a release on Tuesday, the company said it will get listed on the bourses on September 5. The company plans to add 900 new outlets over three years. The Raymond Group's lifestyle business entity is eyeing a 15 per cent CAGR (Compound Annual Growth Rate) to attain around 7 per cent market share in the fast growing men's-wear wedding market by 2027, the release said. "The demerger aims at unlocking shareholder value by creating a focussed lifestyle business entity. Raymond Lifestyle will sharpen strategic focus in this fast-growing sector to become among the top three global fabric suppliers by the end of this year. "The global scenario presents significant opportunities, particularly the challenges in China and Bangladesh and trade agreements with the UK, EU

Shareholder value creation at heart of demerger plan: Gautam Singhania

Singhania said the company's investments in capacity expansion a couple of years ago, which are now coming online, are helping it capitalise on opportunities arising from the challenges in Bangladesh

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 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 .

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

Singhania says he has laid the groundwork for a promising future

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

Retail sector slashes 26,000 jobs due to falling demand, expansion halt

The reduction was primarily driven due to Reliance, Titan, Raymond, Page, and Spencers, which cut 52,000 jobs, or 17% of their workforce

Raymond Q1 results: Net profit rises 27% to Rs 57.04 cr from operations

Raymond Ltd on Tuesday reported a 26.7 per cent increase in consolidated net profit from continuing operations at Rs 57.04 crore in the first quarter ended June 2024. The company had posted a consolidated net profit of Rs 45.02 crore from continuing operations in the same quarter last fiscal, Raymond Ltd said in a regulatory filing. Revenue from continuing operations in the first quarter stood at Rs 937.65 crore as against Rs 473.37 crore in the year-ago period, it added. During the quarter ended June 30, 2023, a scheme of demerger of the lifestyle business of Raymond Ltd into Raymond Lifestyle Ltd was accorded board approval. The demerger of the lifestyle business was completed on June 30, 2024, the company said, adding the listing of Raymond Lifestyle Ltd is expected in the second quarter of this year. The main business of Raymond Ltd now includes real estate and engineering businesses. "Our real estate business continues to expand its portfolio through the JDA (joint developmen

IFCI, MMTC, STC, Suzlon, Raymond among 354 stocks locked in upper circuit

IFCI (Rs 84), MMTC (Rs 102.60) and STC India (Rs 203.40) were frozen at the 20 per cent upper limit on the BSE.

Raymond stock trades ex-lifestyle biz; gains 4% from discovered price

Shares of Raymond Lifestyle to list within a month; Raymond shareholders to be allotted 4 equity shares of Raymond Lifestyle for every 5 shares held in Raymond as of July 11 record date.

Raymond in focus amid lifestyle unit spinoff; likely to list RRL in a month

Raymond has also proposed the merger of its real estate business Raymond Realty (RRL)

Raymond rallies 7% as Board approves vertical demerger of real estate biz

Upon the completion of this demerger, Raymond and Raymond Realty will operate as separate listed entities within the Raymond Group