Raymond looks to double topline of realty biz in 5 yrs

RAYMOND GROUP IS aiming to nearly double its topline from its soon-to-be-listed real estate company to ₹4,000 crore over the next five years.

- RAGHAVENDRA KAMATH

"We are looking at a topline growth of 15% and EBITDA (earnings before interest, taxes, depreciation and amortisation) growth of 25% every year," chairman and MD Gautam Singhania said in an interaction with FE.

Raymond has demerged its real estate business and is looking to list it next month. It has already demerged and listed its lifestyle business.

Raymond Realty posted a profit before tax (PBT) of ₹370 crore on revenue of ₹2,313 crore in FY25, while the topline grew by 45.2%.