Raymond to expand garment manufacturing capacity

Raymond to expand garment manufacturing capacity

World’s largest integrated fabric manufacturer, Raymond plans to expand its apparel and garment manufacturing capacity with an investment of Rs 200 crore.

The company’s strategic expansion will help increase its garmenting capacity by about one-third, aligning with the global ‘China Plus One; strategy adopted by many international brands. Additionally, the capacity augmentation supports the Government of India’s ‘Make in India’ initiative. It also enables Raymond to become the world’s third-largest suit maker.

GautamHariSinghania, Chairman & Managing Director, Raymond, says, the company remains committed to delivering value to stakeholders, and is confident of itsability to capitalise on growth opportunities, ensuring sustained success in the future. Thecompany’s three verticals– Lifestyle, Real Estate & Engineering –are aligned with India’s vision of Viksit Bharat,” said Singhania.

Celebrating a landmark year, Raymond achieved its highest-ever annual revenue of Rs 9,286 crore and an EBITDA of Rs1,575 crore in FY’24. This resulted in an impressive growth of 17 per cent in EBITDAmargins

During the year, Raymond focused on expanding its distribution reach by opening over 200 new stores. The company also emphasised premiumisation and casualisation, leading to robust growth of 20 per cent in its Branded Apparel segment, despite a weaker retail industry. This new investment underscores Raymond’s commitment to innovation and growth, reinforcing its position as a leading player in the global apparel industry.

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