Raymond Lifestyle Debuts: Mgmt. Unveils biz Plans With Foray Into Sleepwear & Innerwear Segments

#RaymondIPO #RaymondLifestyleListing #RaymondGroupDemerger #StockMarketDebut #CEOInsights
Raymond Lifestyle made its debut on the stock exchanges on Thursday, September 5. Following the completion of its demerger, Raymond Group will have three distinct listed entities: Raymond Limited, Raymond Lifestyle Limited, and Raymond Realty Limited. Shares of Raymond Lifestyle were listed at Rs 3,000 on the BSE and Rs 3,020 on the NSE in an IPO-less debut. The company has ambitious growth plans, with a target to open 900 new outlets over the next three years. It is aiming for a 15% compounded annual growth rate (CAGR) to capture around 7% of the fast-growing men's wedding wear market by 2027. Additionally, Raymond Lifestyle expects to double its EBITDA to over Rs 20 billion within the next three years, while projecting 12-15% sales growth in the lifestyle sector. Watch this exclusive interview with Sunil Kataria, CEO of Raymond Lifestyle, as he shares insights on the company’s expansion strategy and growth outlook.
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