Shares of Raymond Limited have delivered over 100% return in 1 year and over 370% return in the last two years
Raymond Limited was first incorporated as the Raymond Woolen Mill in 1925 near Thane Creek. Lala Kailashpat Singhania took over The Raymond Woolen Mill in the year 1944
In 2000, Gautam Singhania was appointed Chairman and Managing Director of Raymond Limited. In 2015, Raymond became the first textile company in the world to produce Super 250s and innovative fabrics
Raymond is India’s largest integrated worsted suiting manufacturer that offers end-to-end solutions for fabric and garmenting. It has some of the leading brands within its portfolio – ‘Raymond Ready to Wear’, ‘Park Avenue’, ‘ColorPlus’, ‘Parx’, ‘Raymond Made to Measure’ and ‘Ethnix by Raymond’ amongst others
Raymond forayed into realty sector through the launch of its maiden project Ten X Habitat spread across 14 acres housing 3,100 residential units, followed by launch of a premium residential project – The Address by GS housing 550 residential units
In 1949, Raymond Ltd. ventured into the engineering business with the establishment of JK Files (India) Ltd. Today, JK Files Ltd. is a leading manufacturer of steel files in the world with a domestic market share of about 65% in the files business. The group also has a presence in the auto components industry through its subsidiary Ring Plus Aqua Ltd
In April 2023, hygiene and personal care major Godrej Consumer acquired two popular brands - Park Avenue consumer goods and Kamasutra - from Raymond Group. The deal, valued at Rs 2,825 crore, marks the century old Godrej’s Group’s foray into two of the rapidly growing categories - deodorant and sexual wellness
Raymond Ltd reported a 25.84% decline in net profit to Rs 196.48 crore for the quarter ended March 2023 against Rs 264.97 crore in the March 2022 quarter . The firm logged a 9.8% rise in sales to Rs 2,150.18 crore in the March 2023 quarter against Rs 1,958.10 crore in the March 2022 quarter
Shares of Raymond Limited closed 2.6% lower at Rs 1557.60 on BSE on May 10, 2023. The market cap of the firm fell to Rs 10,369.52 crore
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