RAYMOND LIMITED-GROWTH STORY YOU CAN BANK ON

RAYMOND LIMITED-GROWTH STORY YOU CAN BANK ON

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INTRODUCTION

Raymond Limited is a Indian diversified group with interests in lifestyle, textile and branded apparels and considered as one of the most trusted brands in India . The company is engaged in wool/wool blended and shirting fabric business in national and international markets. It also has strong presence in segments like real estate, fast moving consumer goods and engineering.

The company is one of the largest manufacturer of worsted suiting fabrics with four power brands in menswear. It is the only Indian manufacturer to craft full canvas premium jackets.

Through Raymond Apparel Ltd, the company offers brands such as Raymond Premium Apparel, Park Avenue and Parx. Its subsidiaries include JK Files (India) Ltd, JK Talabot Ltd, Everblue Apparel Ltd, Pashmina Holdings Ltd, Celebrations Apparel Ltd and Dress Master Apparel Private Ltd.

The company has huge growth potential as it continues to build capacities for enhanced performance and delivery across verticals followed by innovation in products and services with technology adoption which includes digitisation and automation.

INDUSTRY OVERVIEW

The global textile and apparel industry is witnessing several changes in consumption and production patterns which include shift in manufacturing hubs driven by the availability of cheap labour. The textile and apparel trade is expected to grow at a compounded annual growth rate (CAGR) of 3.7 percent during 2018-28. While increase in apparel trade is expected to grow at a CAGR of 4.5 percent, textiles is expected to rise at a CAGR of 2.5 percent during the same period. Currently, China holds largest share in textile and apparel global trade but this is expected to change. Various global manufacturers believe that share of Bangladesh, Vietnam and India will increase in future.