Raymond’s Century of Style: Scaling textile legacy through ‘Multi-Format’ fashion growth, operational discipline
24 December 2025, Mumbai
Raymond is marking its 100th anniversary by converting its historic dominance in worsted fabrics into a high-octane retail expansion. In an interview conducted by The Economic Times, Chairman Gautam Hari Singhania emphasized how the company’s endurance is a product of operational discipline rather than historical sentiment. To secure its future, the group has completed a massive structural overhaul, demerging its lifestyle business into a standalone, net debt-free entity. This move is designed to eliminate the "conglomerate discount," allowing the textile and apparel verticals to pursue specialized growth with absolute financial clarity.
Corporate restructuring delivers sharp profitability gains
The strategy of unbundling the business is already delivering measurable results. In Q2 FY26, Raymond Lifestyle reported a consolidated revenue of ₹1,865 crore, representing an 8% year-on-year increase. More significantly, profit after tax surged by 78% to ₹75 crore. This growth is underpinned by the "Branded Textile" segment, which contributed ₹937 crore to the top line. By focusing on high-margin garmenting and a "China Plus One" sourcing strategy, the company is positioning its manufacturing units as a global alternative for premium international brands while simultaneously doubling down on domestic retail presence.
Wedding wear strategy targets high-margin growth
The company’s growth roadmap is stitched into the booming ethnic wear segment through "Ethnix by Raymond," which aims to capture 7% of the men’s ceremonial market by 2027. Currently operating 1,663 stores, the brand is penetrating deep into Tier 2 and Tier 3 markets. Explaining his philosophy on navigating competitive shifts, Singhania noted during the interview: "A race is not won on straight roads alone; it is often won on the corners." By aggressively scaling its physical footprint and prioritizing premiumization, Raymond is ensuring its second century is defined by retail dominance rather than just textile history.
Founded in 1925 as a woolen mill in Maharashtra, Raymond Group has evolved into a diversified global conglomerate with a core focus on textiles and apparel. The company maintains a presence in over 60 countries and owns a portfolio of high-equity brands including Park Avenue, ColorPlus, and Parx. Under the leadership of Gautam Singhania, the group has successfully transitioned into a net debt-free lifestyle and real estate player. With a current roadmap to add 900 new stores by 2028, Raymond remains positioned as a leader in India’s $6 trillion consumer economy, supported by a century of expertise in fabric manufacturing and garmenting.
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