Raymond Expects Real Estate Vertical to be Listed by August 2025

📅 September 10, 2024

Raymond Group, a nearly century-old diversified conglomerate, is preparing to list its real estate vertical by July or August 2025, according to Chairman & Managing Director Gautam Hari Singhania. The demerger process is currently underway, and once completed, the group will have three independent listed entities: Real Estate, Lifestyle, and Engineering. Each vertical will have its own board of governance and growth strategies.

Growth and Financial Targets

Singhania outlined Raymond's growth objectives, expecting a 15% annual increase in sales and 15-20% pre-tax earnings (EBITDA). With Raymond now a debt-free organization, Singhania emphasized that the company is well-positioned to explore both organic and inorganic growth opportunities across its verticals.

Raymond Lifestyle and Expansion Plans

Raymond Lifestyle, which houses the group's apparel-related businesses, is expected to be listed soon. This vertical will include brands like The Raymond Shop, Ethnix, and offerings in garmenting, suiting, shirting, and wedding fabrics. Singhania revealed plans to open 800 to 900 new stores over the next three years, aiming to double EBITDA during the same period. New segments, including sleepwear and innerwear, are also being explored.

Explosive Growth in Real Estate

Raymond's real estate vertical, which started with projects in Thane under the GS series, is expected to witness explosive growth. With Mumbai's ongoing development, Singhania sees significant opportunities for expansion in the city and surrounding areas.

Engineering and Auto Sectors

Raymond's engineering vertical, focused on auto and aerospace sectors, also presents substantial growth potential. Singhania noted that this segment will remain a key foc

Want to discuss this?

Reach out to our experts for property advice.

WhatsApp Call

Raymond Expects Real Estate Vertical to be Listed by August 2025

Latest News

✉️ Get in Touch