Raymonds Clothing
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Raymonds Clothing
Raymond… …
Raymond is one of India’s leading fabric and garment manufacturers. In 2006/07 alone its textile and clothing operations —including wholly owned subsidiaries and joint ventures— generated sales of Rs11.1 bn (US$283 mn).
Raymond is the world's largest producer of worsted suiting fabrics commanding over 60% market share in India.
The company is led by CEO Gautam Hari Singhania, greatgrandson of the company founder. Raymond is listed on several stock exchanges in India, including the Mumbai (Bombay) Stock Exchange.
The Raymond Shop is a premium retail store offering complete wardrobe solutions for men’s, which includes top-of-the-line brands -Raymond, Park Avenue, Parx, Manzoni and now ColourPlus.
Raymond plants are located in India at the following locations:
Rewards
The Raymond Shop – “Franchise
Award Year 2004.
“Global
Raymond has won the Business World’s ‘Most Respected Company Award for 2003 in the Readymade & Textiles’ in year 2003.
In 2003 “Largest brand of the Year” and ”Menswear Brand of The Year”
Parx was nominated for ”Most Brand“ by IFA 2003.
Operations Award of the Year 2005.
Admired Trouser
Reach of the product The Raymond Shop network started with a small corner shop in Ballard Estate, Mumbai, around five decades ago and has grown more than 300 stores in prime locations, in 150 cities in India. Extended their network overseas 25 shops in 15 plus cities of Middle East, Srilanka, Bangladesh and
Nepal.
The Raymond Shop retail chain -1 feet built-up area.
million square
Extending its reach we are now present in some of the leading Malls with new retail formats.
International growth
Raymond, the Gautam Singhania-controlled Rs 2,500-crore Mumbai-based textile company, is close to forming a joint venture (JV) with an overseas company to strengthen its position in readymade garments.
International markets are very mature and have higher margins. A product that we sell for $14 in India is sold at $21 in the Gulf and $23 in China, thus increasing our profit margins.
The company is gradually shifting its focus towards readymades, and a foreign JV will put its plans at fast pace.
Future of the product
The company has over 400 retail and brand stores across 170 cities in India and the Middle East. Recently, it opened its 350th The Raymond Shop in India, and plans to increase this number to 950 by 2010.
The stores -Manzoni, Park Avenue, ColorPlus, Parx, and Zapp! are on the increase.
Introduces: kids wear brand, Zapp!, and has plans to increase the number of retail outlets to 12 across key metros in India by the year end.
Raymond, which owns brands like Park Avenue and Parx, both for men, is seriously working on entering women’s space.
Competitors
Disney : Gini & Jony, Weekender Kids, Ruff and others.
Pantaloons
Spykar
DS Corporation and Milou
exclusive stores for kids’ apparels.
Levi’s is planning to a chain of exclusive stores for women by 2009.
which are launching
Spencers
Raymond's Denim lower profitability
According to Raymond’s latest annual report, its denim division was until now operating in a very competitive situation with pressure on prices (especially suppliers from China, Pakistan and Thailand are highly competitive).
The planned capacity expansion from 30 million metres per year to 40 million metres per year was completed in 2005-2006.
The new capacities came into production in phases during the last quarter of the year ended March 2006.
Denim segment however accounted for only 22% of Raymond's total revenues in last fiscal year ended 31 March 2006.
Profits only accounted for 13% of total profits in addition, clearly reflecting the low profatibility of denim activities if compared with other apparel.
Business growth in the near future
The company to generate business volume of Rs 100 crore from finely crafted garments by the year 2010, of Rs 25 crore from these garments.
Menswear market which stood at Rs 3,500 crore, was growing a pace of 2025 per cent in the country.
Apparel several brands such as Manzoni, Park Avenue, ColorPlus, Parx, Notting Hill and Zapp.
The company expecting Rs 600 crore from all of these brands by the end of this fiscal year.
Revenues worth Rs 100 crore by the end of fiscal 2010.
Feedbacks…….. Kindly complete the feedback form with your Recommendations…. THANK YOU!!!!!
Raymond… …
Raymond is one of India’s leading fabric and garment manufacturers. In 2006/07 alone its textile and clothing operations —including wholly owned subsidiaries and joint ventures— generated sales of Rs11.1 bn (US$283 mn).
Raymond is the world's largest producer of worsted suiting fabrics commanding over 60% market share in India.
The company is led by CEO Gautam Hari Singhania, greatgrandson of the company founder. Raymond is listed on several stock exchanges in India, including the Mumbai (Bombay) Stock Exchange.
The Raymond Shop is a premium retail store offering complete wardrobe solutions for men’s, which includes top-of-the-line brands -Raymond, Park Avenue, Parx, Manzoni and now ColourPlus.
Raymond plants are located in India at the following locations:
Rewards
The Raymond Shop – “Franchise
Award Year 2004.
“Global
Raymond has won the Business World’s ‘Most Respected Company Award for 2003 in the Readymade & Textiles’ in year 2003.
In 2003 “Largest brand of the Year” and ”Menswear Brand of The Year”
Parx was nominated for ”Most Brand“ by IFA 2003.
Operations Award of the Year 2005.
Admired Trouser
Reach of the product The Raymond Shop network started with a small corner shop in Ballard Estate, Mumbai, around five decades ago and has grown more than 300 stores in prime locations, in 150 cities in India. Extended their network overseas 25 shops in 15 plus cities of Middle East, Srilanka, Bangladesh and
Nepal.
The Raymond Shop retail chain -1 feet built-up area.
million square
Extending its reach we are now present in some of the leading Malls with new retail formats.
International growth
Raymond, the Gautam Singhania-controlled Rs 2,500-crore Mumbai-based textile company, is close to forming a joint venture (JV) with an overseas company to strengthen its position in readymade garments.
International markets are very mature and have higher margins. A product that we sell for $14 in India is sold at $21 in the Gulf and $23 in China, thus increasing our profit margins.
The company is gradually shifting its focus towards readymades, and a foreign JV will put its plans at fast pace.
Future of the product
The company has over 400 retail and brand stores across 170 cities in India and the Middle East. Recently, it opened its 350th The Raymond Shop in India, and plans to increase this number to 950 by 2010.
The stores -Manzoni, Park Avenue, ColorPlus, Parx, and Zapp! are on the increase.
Introduces: kids wear brand, Zapp!, and has plans to increase the number of retail outlets to 12 across key metros in India by the year end.
Raymond, which owns brands like Park Avenue and Parx, both for men, is seriously working on entering women’s space.
Competitors
Disney : Gini & Jony, Weekender Kids, Ruff and others.
Pantaloons
Spykar
DS Corporation and Milou
exclusive stores for kids’ apparels.
Levi’s is planning to a chain of exclusive stores for women by 2009.
which are launching
Spencers
Raymond's Denim lower profitability
According to Raymond’s latest annual report, its denim division was until now operating in a very competitive situation with pressure on prices (especially suppliers from China, Pakistan and Thailand are highly competitive).
The planned capacity expansion from 30 million metres per year to 40 million metres per year was completed in 2005-2006.
The new capacities came into production in phases during the last quarter of the year ended March 2006.
Denim segment however accounted for only 22% of Raymond's total revenues in last fiscal year ended 31 March 2006.
Profits only accounted for 13% of total profits in addition, clearly reflecting the low profatibility of denim activities if compared with other apparel.
Business growth in the near future
The company to generate business volume of Rs 100 crore from finely crafted garments by the year 2010, of Rs 25 crore from these garments.
Menswear market which stood at Rs 3,500 crore, was growing a pace of 2025 per cent in the country.
Apparel several brands such as Manzoni, Park Avenue, ColorPlus, Parx, Notting Hill and Zapp.
The company expecting Rs 600 crore from all of these brands by the end of this fiscal year.
Revenues worth Rs 100 crore by the end of fiscal 2010.
Feedbacks…….. Kindly complete the feedback form with your Recommendations…. THANK YOU!!!!!
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