Raymond Life-style Ltd. (RLL), forward of its itemizing on inventory exchanges on September 5 following its demerger from Raymonds Ltd., stated it will goal to realize 7% market share of the estimated ₹75,000 crore Indian males’s marriage ceremony put on section by 2027 from 5% presently, rising at a CAGR of 15%.
On RLL’s development plans, Amit Agarwal, Chief Monetary Officer, Raymond Group, stated, “Within the subsequent three years, we anticipate Raymond Life-style doubling its EBITDA to over ₹2,000 crore. We’re additionally wanting in direction of a 12–15% gross sales development within the life-style sector.”
The intention for Raymond Life-style could be to seize about 7% market share within the dynamic males’s marriage ceremony put on market by 2027, he added.
Gautam Singhania, CMD, Raymond Group, stated, “The demerger goals at unlocking shareholder worth by making a focussed life-style enterprise entity. Raymond Life-style will sharpen strategic focus on this fast-growing sector to develop into among the many high three international material suppliers by the top of this 12 months.”
“The worldwide state of affairs presents important alternatives, notably the challenges in China and Bangladesh and commerce agreements with the U.Ok., EU and Australia,” he added.
Sunil Kataria, CEO, Raymond Life-style, stated the corporate would embark on the largest-ever retail enlargement with 900 new retailers over three years, alongside coming into into new classes reminiscent of sleepwear and innerwear.
“In the case of our present manufacturers, Ethnix, the Indian ethnic put on providing, has already established its distinct place out there, and we plan to almost triple our bodily presence with a further 300 Ethnix shops within the subsequent three years. We consider that we will obtain unparalleled development on this marriage ceremony section, considerably consolidating our place because the dominant market chief,” he stated.
As a targeted, pure play professionally managed shopper enterprise, RLL is pursuing a three-pronged strategic strategy of strengthening the core of branded textile, accelerating the expansion of attire garmenting and constructing new classes reminiscent of ethnic put on, inside put on, sleep put on and worldwide retail.
