Zero-Debt Raymond Targets Realty, Defence, and Global Expansion

Diversified conglomerate Raymond Group, with interests spanning textiles, apparel, real estate, engineering, aerospace, and defence, is gearing up for its next phase of growth as it celebrates a century of operations.

Incorporated in 1925 as Raymond Woolen Mill near Thane Creek, the group has steadily transformed into a multi-sector powerhouse with three listed entities in India.

Strong Financial Position

Speaking at the centenary celebrations in Mumbai, Chairman and Managing Director Gautam Singhania highlighted the company’s strong balance sheet and appetite for acquisitions.

“We are a zero-debt company, sitting on cash and generating more. We are always evaluating deals, particularly in real estate and engineering,” he told Mint. This financial strength provides Raymond with the flexibility to pursue inorganic growth while continuing to invest in high-potential areas.

Real Estate at the Core

Raymond Realty has emerged as a key growth engine under the group’s strategic restructuring. Following the spin-off of Raymond Lifestyle Ltd in 2024 and Raymond Realty in 2025, the group sharpened its focus on real estate and engineering.

Raymond Realty reported ₹2,300 crore in sales in FY25 and has ambitious plans to expand with six new projects in the Mumbai Metropolitan Region by FY26. The vertical is targeting at least 20% growth this year, reflecting its strong demand pipeline.

Lifestyle and Engineering Play

Raymond Lifestyle, the branded apparel and menswear business, continues to chart growth with new verticals and retail expansion. The company has also divested its FMCG portfolio, including Park Avenue, to Godrej Consumer Products, further streamlining its operations.

Meanwhile, the group is ramping up investments in engineering and auto components, with a ₹1,200 crore commitment in Andhra Pradesh to strengthen its aerospace and manufacturing footprint.

Also Read: India-US Trade Talks Lift Textile Stocks!

Global Trade and Defence Prospects

On the international front, Raymond’s apparel exports to the US have faced tariff pressures. However, Singhania noted that the impact is minimal, as US exports account for less than 4% of the group’s revenues.

With manufacturing shifted partly to Ethiopia and new opportunities opening up in the UK post-FTA, Raymond is realigning its global strategy. Defence and aerospace are also emerging as significant focus areas for future growth.

Raymond Share Price Performance

On September 11, 2025, Raymond share price opened at ₹624.80, touching the day’s low at ₹621.10, as of 10:19 AM on the NSE.

Conclusion

Marking its centenary, Raymond Group is positioning itself as a modern, agile conglomerate. With a strong balance sheet, zero debt, and multiple growth drivers, real estate, engineering, lifestyle, and defence, the group is targeting annual revenue growth of at least 15% and EBITDA growth of 20%.

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