Raymond records good escalation in its textile segment

Raymond, one of the largest exclusive retail networks in the textile and fashion space in India offering end-to-end solutions for fabrics and garment has significantly stepped up its new store roll-outs.

Gautam Hari Singhania, Chairman and Managing Director, Raymond Limited, said that the Q3 commenced with subdued consumer sentiment, which gradually improved during the latter part of the quarter. They registered a good top line growth driven by strong performance in the textile segment.

They have significantly stepped up their ad spends, new store roll-outs, along with stores renovation, as a part of brand building exercise in the life style business, benefits of which will start building up from next year.

The brand presently has 974 stores across all formats, including 43 outlets in the Middle East SAARC region covering over 1.88 million square feet of retail space.

Some of the leading brands in its portfolio are Raymond, Park Avenue, Raymond Premium Apparel, Parx and Color Plus amongst others. As a part of the diversified group, it also has business interests in men’s accessories, personal grooming and toiletries, prophylactics, energy drinks, files and tools and auto components.

The Raymond Shop, the retail arm of the brand, enhances customer experience with a touch of luxurious lifestyle.

Established in 1925, Raymond is known for its superior quality worsted suiting fabrics, stylish apparel and inimitable service. Franchising since 1959, Raymond is successfully operational in almost all the cities across India.