Raymond expands real estate business and focuses on apparel
Real Estate

Raymond expands real estate business and focuses on apparel

Raymond is set to expand its real estate business by forming joint development agreements with other landowners and engaging in joint venture projects. Additionally, the company plans to monetise its substantial 60-acre land bank in Thane, Mumbai.

Following the sale of its FMCG business to Godrej Consumer Products in May, the Raymond Group will focus on real estate through Raymond and the branded apparel business under Raymond Consumer Care, which is scheduled for listing.

In the company's F23 annual report, Gautam Singhania, Chairman and Managing Director, stated that Raymond Realty will be a core business going forward, actively pursuing new projects and JDAs in the Mumbai Metropolitan Region (MMR) due to its significant growth potential.

Currently, the company has launched three projects in Thane, with reported bookings of Rs 16 billion from these ventures last year. Two projects have already sold 80 per cent of their inventory, while the recently launched third project has sold a quarter of its inventory. The company foresees a total revenue potential of Rs 14 billion from this third project.

Raymond Ltd recorded a revenue of Rs 83.37 billion, with the realty business contributing Rs 11.15 billion, a notable 58 per cent increase from the previous year. The realty segment also achieved an impressive EBITDA margin of 25.7 per cent in FY23. The company intends to expand its real estate operations beyond Thane in the MMR region.

Godrej Properties, Macrotech Developers, Mahindra Lifespaces, Birla Estates, and L&T Realty currently dominate the MMR real estate market, with recent entrants seeking to establish their presence in the sector.

The branded textile, apparel, garments, and high-value cotton shirting business constitute the majority of Raymond Group's revenue, accounting for 77 per cent of the total. Notably, the company has been rapidly scaling up in the ethnic wear segment with its new addition, 'ethnix,' alongside existing brands such as 'Raymond Fine Fabrics,' 'Raymond Ready to Wear,' 'Park Avenue,' 'Color Plus,' and 'Parx.'

After divesting its FMCG business, Raymond Ltd anticipates becoming debt-free, with a surplus of Rs 15 billion available for growth capital. The company is currently devising its capital allocation strategy.

Over the next 12-18 months, the group plans to open approximately 200 retail stores, with 100 dedicated to the ethnic wear brand and the remainder allocated to other apparel businesses. The majority of store additions will be carried out through the franchise model, although the company also intends to open flagship stores in prominent locations.

Raymond Ltd's shares have nearly doubled over a 52-week period, and the company has experienced over six-fold appreciation in value over the past decade.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Raymond is set to expand its real estate business by forming joint development agreements with other landowners and engaging in joint venture projects. Additionally, the company plans to monetise its substantial 60-acre land bank in Thane, Mumbai.Following the sale of its FMCG business to Godrej Consumer Products in May, the Raymond Group will focus on real estate through Raymond and the branded apparel business under Raymond Consumer Care, which is scheduled for listing.In the company's F23 annual report, Gautam Singhania, Chairman and Managing Director, stated that Raymond Realty will be a core business going forward, actively pursuing new projects and JDAs in the Mumbai Metropolitan Region (MMR) due to its significant growth potential.Currently, the company has launched three projects in Thane, with reported bookings of Rs 16 billion from these ventures last year. Two projects have already sold 80 per cent of their inventory, while the recently launched third project has sold a quarter of its inventory. The company foresees a total revenue potential of Rs 14 billion from this third project.Raymond Ltd recorded a revenue of Rs 83.37 billion, with the realty business contributing Rs 11.15 billion, a notable 58 per cent increase from the previous year. The realty segment also achieved an impressive EBITDA margin of 25.7 per cent in FY23. The company intends to expand its real estate operations beyond Thane in the MMR region.Godrej Properties, Macrotech Developers, Mahindra Lifespaces, Birla Estates, and L&T Realty currently dominate the MMR real estate market, with recent entrants seeking to establish their presence in the sector.The branded textile, apparel, garments, and high-value cotton shirting business constitute the majority of Raymond Group's revenue, accounting for 77 per cent of the total. Notably, the company has been rapidly scaling up in the ethnic wear segment with its new addition, 'ethnix,' alongside existing brands such as 'Raymond Fine Fabrics,' 'Raymond Ready to Wear,' 'Park Avenue,' 'Color Plus,' and 'Parx.'After divesting its FMCG business, Raymond Ltd anticipates becoming debt-free, with a surplus of Rs 15 billion available for growth capital. The company is currently devising its capital allocation strategy.Over the next 12-18 months, the group plans to open approximately 200 retail stores, with 100 dedicated to the ethnic wear brand and the remainder allocated to other apparel businesses. The majority of store additions will be carried out through the franchise model, although the company also intends to open flagship stores in prominent locations.Raymond Ltd's shares have nearly doubled over a 52-week period, and the company has experienced over six-fold appreciation in value over the past decade.

Next Story
Real Estate

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Next Story
Infrastructure Transport

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Next Story
Infrastructure Transport

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?