RAYMONDLSL

Sept 26 (Reuters) - Raymond Lifestyle Ltd RAYL.NS:

• INCOME TAX DEPARTMENT CONDUCTS SURVEY AT RAYMOND LIFESTYLE OFFICES

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Further company coverage: RAYL.NS

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By Praveen Paramasivam

Sept 4 (Reuters) - Raymond Lifestyle RAYL.NS plans to reduce prices on select apparel items, an executive said on Thursday, making the suitmaker one of the first companies to respond to the Indian government's move to cut consumption tax.

The biggest tax code restructuring in eight years by Prime Minister Narendra Modi's government - made after U.S. President Donald Trump imposed punishing tariffs on imports from India - lowers the goods and services tax on clothing costing less than 2,500 rupees to 5%.

Before the change, apparel that retailed at 1,000 rupees and above attracted 12% GST.

"Immediately from September 22, we will pass on (the tax benefits to consumers)," Raymond Group CFO Amit Agarwal told Reuters, adding that roughly two-thirds of Raymond's apparel was priced below 2,500 rupees.

Raymond also plans to lower the prices of items priced just above 2,500 rupees to bring them under the reduced tax bracket.

The branded apparel business accounts for a quarter of Raymond Lifestyle's revenue.

Industry watchers and corporate India executives expect prices on everything from small cars to everyday essentials to be slashed following the revision.

Agarwal, however, downplayed revenue concerns and said increased volumes would counter price cuts.

Raymond's website shows many of its formal shirts are available at under 1,000 rupees, with only a fraction of its nearly 1,200 styles priced above 2,500 rupees. All blazers and jackets, however, are priced above 2,500 rupees.

Customers looking to buy blazers and jackets do not mind the price tags, Agarwal said.

In contrast, premium global apparel brands such as Lacoste and Superdry will be hit by the tax changes, as most of their offerings, including t-shirts, are priced above 2,500 rupees.

($1 = 87.5060 Indian rupees)

(Reporting by Praveen Paramasivam in Chennai; Editing by Pooja Desai)

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** Shares of Indian textile firms mixed after country extends import duty exemption on cotton to Dec 31

** Duty exemption lets companies import cheaper cotton, easing pressure amid a slowdown in U.S. demand - Cotton Association of India

** Vardhman Textiles VART.NS gains nearly 10% , while Gokaldas Exports GOKL.NS shares trade flat

** Kitex Garments KITE.NS, Raymond Lifestyle RAYL.NS and Welspun Living WLSP.NS down 3.3%, 2.6% and 1.3%, respectively

** Stocks had fallen 1–5% on Tuesday ahead of U.S. tariff roll out

** Indian exports now face U.S. tariffs of up to 50% —among the highest imposed by Washington - disrupting trade with its largest export market

(Reporting by Urvi Dugar)

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** Indian textile stocks fall after U.S. confirms 25% additional tariff on Indian-origin goods starting Wednesday

** Indian exports will now face U.S. duties of up to 50% - among the highest imposed by Washington

** The new duties will apply to goods entering the U.S. for consumption or withdrawn from warehouse for consumption from 12:01 a.m. EDT on Wednesday or 9:31 p.m. IST

** Kitex Garments KITE.NS, Raymond Lifestyle RAYL.NS and Welspun Living WLSP.NS down 5%, 2.5% and 2%, respectively

** Vardhman Textiles VART.NS and Gokaldas Exports GOKL.NS fall about 1%

** Last week, India suspended an 11% import duty on cotton until September 30

** U.S. is the biggest market for India's garment exporters; tariffs are leading to order cancellations and making them uncompetitive against Bangladesh and Vietnam, which have U.S. duties of 20%

** YTD, RAYL down 45%, GOKL down 38%

(Reporting by Urvi Dugar)

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By Praveen Paramasivam and Bharath Rajeswaran

June 10 (Reuters) - India's Raymond Realty, recently carved out from the namesake conglomerate, is on track to list in early July as the group looks to streamline its corporate structure, a top executive told Reuters on Tuesday.

This will be Raymond's RYMD.NS third publicly traded entity after Raymond Lifestyle, which houses the suits and shirts business.

"The exact date (for the listing) is not confirmed yet, but it should be early July," Gautam Singhania, chairman and managing director of the group, said in an interview, without elaborating.

Each shareholder will receive one share of Raymond Realty for every share held in Raymond, the group said previously.

Raymond approved the demerger of Raymond Realty on May 1 and announced May 14 as the record date to determine eligible shareholders for the real estate business.

The stock fell around 66% on May 14 because of a price adjustment after the demerger, but the decline was not a real loss for investors, just a technical revision in the share price.

After adjusting for the demerger, Raymond's shares jumped nearly 23% in May, their biggest monthly gain since June 2024.

Brokerage Systematix expects Raymond Realty to be priced at 1,076 rupees per share and forecast operating profit of 5.97 billion rupees ($69.7 million) in the ongoing fiscal 2026.

The business reported a 45% rise in revenue to 23.13 billion rupees for the financial year ended March 31, with operating profit up 37% at 5.07 billion rupees.

($1 = 85.6150 Indian rupees)

(Reporting by Praveen Paramasivam in Chennai and Bharath Rajeswaran in Bengaluru; Editing by Sonia Cheema)

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** Fashion and retail co Raymond Lifestyle's RAYL.NS shares surge 13.5%, set for their biggest one-day jump ever

** Stock to replace ICICI Securities in Nifty 500 index .NIFTY500 and Nifty Smallcap 250 index .NISM250 from March 21, stock exchange notice shows

** More than 617,000 shares traded, 3.5x their 30-day avg

** RAYL is down 46% so far in 2025

(Reporting by Nishit Navin)

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** Shares of Raymond Lifestyle RAYL.NS drop 11.4% to 1,516.15 rupees

** Garments and apparel co's Q3 consol profit slumps 60.5% y/y, revenue up 1.6%

** Trading vols at 237,892 shares, 2.1x the 30-day average

** Relative strength index falls to 27.7, suggesting that stock might be oversold - LSEG data

** RAYL down ~14% so far this week, set to fall for fifth straight week, if trend continues

(Reporting by Vijay Malkar)

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** Shares of Raymond Lifestyle Ltd RAYL.NS rise 1.6% to 2,045.80 rupees

** Motilal Oswal maintains "buy" rating on apparel maker as well as St-high PT of 3,000 rupees

** RAYL rose as much as 3.7% earlier in session

** Brokerage says RAYL is benefiting from demand for clothing in wedding season

** An extended wedding season should ensure robust demand momentum, placing RAYL in a "sweet spot" as its wedding portfolio forms 35%-40% of rev - Motilal

** While co targets 12%-14% rev growth in medium term, brokerage expects 9%-11% revenue CAGR from FY24-27, citing strong affinity to 'Raymond' brand

** Both analysts tracking stock rate it "strong buy" - LSEG data

** Since listing in early September, RAYL down 32.3%

(Reporting by Nandan Mandayam in Bengaluru)

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Nov 4 (Reuters) - India's Raymond Ltd RYMD.NS reported a 49% rise in its second-quarter profit on Monday, driven by higher demand for its premium properties.

The company, which sells luxury homes and auto parts, said its consolidated profit from continuing operations before exceptional items rose to 889.8 million rupees ($10.6 million) for the July-September quarter from 598.9 million rupees a year earlier.

It reported an exceptional charge of 230.1 million rupees in the year-ago quarter.

India's housing sector is seeing consistent demand for home ownership, especially high-margin premium properties.

Additionally, the government's emphasis on infrastructure development and attractive interest rates have bolstered buyer confidence, particularly for luxury- and mid-range segments.

Raymond's mainstay real estate segment, which accounts for 55% of overall revenue, reported a more than two-fold surge in revenue during the quarter.

This lifted its total revenue by two-fold to 10.45 billion rupees.

Separately, Raymond Lifestyle RAYL.NS, the company's apparel business, carved out of Raymond Ltd, made its market debut in September.

Raymond's shares closed nearly 2% higher ahead of its results.

($1 = 84.0890 Indian rupees)

(Reporting by Ashna Teresa Britto; Editing by Sherry Jacob-Phillips)

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By Praveen Paramasivam

Oct 22 (Reuters) - Indian apparel firm Raymond Lifestyle RAYL.NS will hire about 9,000 workers for hundreds of stores it plans to add in the next three years, Group Chairman Gautam Singhania told Reuters.

Founded in 1925, Raymond's RYMD.NS business, which also includes its real estate and engineering units, spun off its lifestyle division earlier this year to simplify its group structure, attract more investors and help the carved-out entity access more capital.

The apparel firm is looking to hire 10 people per store, on average, at the 900 outlets it plans to open, Singhania said on Monday, without disclosing the size of its current workforce at its nearly 1,500 stores.

Additionally, Raymond Lifestyle will also hire for roles in its factories as it aims to increase its garmenting capacity, he said without elaborating, as Bangladesh - a major apparel production hub - grapples with political unrest and floods.

The firm, which counts apparel chains such as J.C. Penney and Macy's M.N among its customers, is receiving a large number of inquiries from its global clients as brands "have decided to move to India to meet their requirements," Singhania said.

Its garments business, which exports to the United States, Europe and Japan, reported sales of 11.39 billion rupees ($135.5 million) last year, accounting for over a tenth of the group's revenue.

Separately, Singhania said Raymond Lifestyle, popular for its men's suits, is exploring the burgeoning fast fashion space in India, noting that Tata Group-owned Zudio TREN.NS "has done very well" in this category.

Indian retail firm Trent, which owns Zudio, has been outperforming its peers as consumers looking to refresh their wardrobes on a tight budget flock to its stores to snap up everything from dresses to perfumes at less than 999 rupees (about $12).

($1 = 84.0700 Indian rupees)

(Reporting by Praveen Paramasivam; Editing by Sonia Cheema)

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** Shares of India's Raymond Lifestyle RAYL.NS rise 3% to 2,433 rupees

** Motilal Oswal starts with 'buy' and TP of 3,200 rupees, indicating a ~32% upside to last close

** Brokerage expects RAYL's growth to be fueled by rapid expansion in branded apparel; launch of new categories (innerwear, sleepwear) to contribute

** Expects India's garment industry to benefit from recent Bangladesh turmoil and global move to a China +1 strategy

** Says Raymond, with over 95% of garments in B2B exports, well-positioned to benefit from any shift away from Bangladesh

** Stock down 17.7% so far since listing in Sept this year

(Reporting by Yagnoseni Das in Bengaluru)

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