RAYMOND

Feb 19 (Reuters) - Raymond Ltd RYMD.NS:

• RAYMOND LTD - REPORTS CYBER SECURITY INCIDENT IMPACTING IT ASSETS

• RAYMOND LTD - CORE SYSTEMS AND CUSTOMER OPERATIONS UNAFFECTED BY CYBER INCIDENT

• RAYMOND LTD - INITIATES PRECAUTIONS AND PROTOCOLS TO MITIGATE CYBER INCIDENT

Source text: ID:nBSE8PYrFx

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Jan 29 (Reuters) - Raymond Ltd RYMD.NS:

• RAYMOND Q3 CONSOL NET PROFIT 721.3 MILLION RUPEES

• RAYMOND Q3 CONSOL REVENUE FROM OPERATIONS 9.54 BILLION RUPEES

Source text: [ID:]

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Dec 19 (Reuters) - Raymond Ltd RYMD.NS:

• NCLT DISPOSES FIRST MOTION APPLICATION FOR SCHEME OF ARRANGEMENT OF CO WITH RAYMOND REALTY

Source text: ID:nNSExd06x

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** Raymond RYMD.NS gains 5.9% to 1,517.9 rupees; eyes best one-day pct gain since Aug. 22

** Co gets "no objection" letter from National Stock Exchange and Bombay Stock Exchange to spin off its real estate business, Raymond Realty

** Says the business will be listed on NSE and BSE after necessary approvals

** More than 443,000 shares traded, 1.5x its 30-day avg

** Stock up 45% YTD

(Reporting by Ashna Teresa Britto in Bengaluru)

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Nov 21 (Reuters) - Raymond Ltd RYMD.NS:

• BSE, NSE GIVE NO OBJECTION TO SCHEME BETWEEN CO, RAYMOND REALTY

Source text: ID:nNSEbmjQGf

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** Shares of Raymond RYMD.NS rise as much as 4.5% to 1,763 rupees; last up 2%

** Real estate developer reports 49% rise in Q2 adjusted profit, driven by higher demand for its premium properties

** Stock on track to gain for seventh straight session

** More than 488,000 shares traded, 1.7x the 30-day avg

** RYMD up 65% YTD

(Reporting by Ashna Teresa Britto in Bengaluru)

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Nov 4 (Reuters) - Raymond Ltd RYMD.NS:

• Q2 CONSOL NET PROFIT 600.3 MILLION RUPEES

• Q2 CONSOL REVENUE FROM OPERATIONS 10.45 BILLION RUPEES

Source text: [ID:]

Further company coverage: RYMD.NS

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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 RYMD.NS rise as much as 8.5% to 2,181.6 rupees

** Move comes after Economic Times newspaper reported co's fashion and retail unit, Raymond Lifestyle, will start trading in Mumbai on Thursday

** Group will have three listed entities by next year

** Stock clocks busiest session since early July this year; set to rise for second straight session, if gains hold

** YTD stock has surged ~106%

(Reporting by Yagnoseni Das in Bengaluru)

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Corrects to add dropped word "leave" in paragraph 3

BENGALURU, Aug 6 (Reuters) - India's Raymond Ltd RYMD.NS reported a 40% rise in its first-quarter adjusted profit on Tuesday, helped by strength in its real estate and engineering business as it shifted away from its once mainstay textiles and apparel businesses.

The nearly 100-year-old conglomerate has been going through a major shift in its businesses that started with selling its consumer goods business, including brands such as Park Avenue deodorant and Kamasutra condoms, early last year to spinning off its textiles and apparel business in the latest quarter.

The realty business, which accounted for just roughly 53% of Raymond's revenue in the quarter, will also be spun off, which will leave Raymond Ltd with just its engineering business.

Sales in the engineering business, which includes making automotive and aerospace parts, doubled in the quarter, while real estate sales surged 108%.

That helped Raymond's adjusted profit before tax to rise to 920 million rupees (nearly $11 million) in the April-to-June quarter from 660 million rupees last year.

Raymond said it expects the lifestyle business to be listed on the stock exchanges this quarter and has started the process of spinning off its realty business.

Once done, Raymond Ltd, Raymond Lifestyle and Raymond Realty be part of the broader Raymond Group.

($1 = 83.9051 Indian rupees)

(Reporting by Indranil Sarkar and Ashna Teresa Britto in Bengaluru; Editing by Savio D'Souza)

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** Shares of India's Raymond RYMD.NS up 4%; rose as much as 7.1% earlier in the day

** Co's board approved demerger of its realty business, said Raymond Realty Ltd will operate as separate listed entity

** Stock set to snap three-session losing run, if gains hold

** Trading vols 1.2x 30-day avg in early trade

** YTD stock has surged ~76%

(Reporting by Hritam Mukherjee in Bengaluru)

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July 4 (Reuters) - Raymond Ltd RYMD.NS:

• RAYMOND ANNOUNCES VERTICAL DEMERGER OF ITS REAL ESTATE BUSINESS

• UPON COMPLETION OF DEMERGER, CO, RAYMOND REALTY TO OPERATE AS SEPARATE LISTED ENTITIES

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** Shares of textile co Raymond RYMD.NS rise as much as 12% to hit record high at 2,695 rupees, last up 6.5%

** Reuters could not immediately ascertain a reason for the stock move

** Stock witnessing its most active trading session since May 2, with more than 1.6 mln shares changing hands, 7.2x the 30-day average

** All four analysts covering the stock have a "strong buy" rating; median PT is 2,635 rupees - LSEG data

** Stock up 40.4% so far this quarter vs rise of 4.9% in March quarter

** Stock up 47.2% YTD

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

** Shares of India's Raymond RYMD.NS jumps 5.6% to record high of 2,610 rupees

** Co's realty arm selected as "preferred developer" for redevelopment of Mumbai project

** Project estimated to have revenue potential of over 20 bln rupees ($239.5 mln) over project period

** Analysts avg rating on RYMD is equivalent of "strong buy" and median TP is 2,635 rupees -LSEG data

** Stock extends YTD gains to nearly 50% YTD, after a ~17% rise in 2023

($1 = 83.4980 Indian rupees)

(Reporting by Yagnoseni Das in Bengaluru)

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May 3 (Reuters) - Raymond Ltd RYMD.NS:

• UNITS APPROVED CONSOLIDATION OF ENGINEERING BUSINESS UNDER SINGLE ENTITY, SEGREGATION OF AEROSPACE, DEFENCE BUSINESS IN SEPARATE ENTITY

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** Shares of India's Raymond RYMD.NS up as much as 7.8% at 1,909.90 rupees - sharpest intraday gain since Sept. 5

** Co's realty arm launched its first housing project in Mumbai, with revenue generation estimated at over 20 billion rupees ($241 million)

** More than 1.9 mln shares changed hands by 1:49 p.m. IST, 8x the 30-day avg

** Stock sees busiest day since Dec. 1

** RYMD currently trading at 1,894 rupees, 24% lower than the median TP set by six analysts covering the stock; average recommendation is equivalent to "strong buy" -LSEG data

** Stock up ~11% YTD after a 17% rise in 2023

($1 = 82.8750 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

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Feb 1 (Reuters) - Raymond Ltd RYMD.NS:

• RAYMOND LTD - APPROVED TO WIND UP UNIT RAYMOND LIFESTYLE (BANGLADESH) PRIVATE LIMITED

Source text for Eikon: ID:nBSEbB0g07

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** Shares of Indian textile co Raymond RYMD.NS rise 3% to 1,551.75 rupees

** Co's independent directors said on Friday they will take measures, if needed, to protect business, stakeholder interests from marital disputes between MD, wife

** Shares snap 12-day losing streak, in which they fell more than 21%

** Share slump started on Nov. 13, when MD announced separation from his wife on social media platform X, formerly known as Twitter

** About 1.7 mln shares change hands, 5.5x 30-day avg; see best volumes since Sept. 5

** Shares up over 5% so far this year

(Reporting by Sethuraman NR in Bengaluru)

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Nov 28 (Reuters) - Institutional Investor Advisory Services (IIAS), an Indian proxy advisory firm, on Tuesday urged the independent directors of textile company Raymond Ltd RYMD.NS to launch an investigation into the allegations of assault against its managing director.

According to local media reports, Nawaz Modi Singhania - the wife of Managing Director Gautam Singhania and a board member - alleged that she and her daughter were physically assaulted by Singhania in September 2023.

CNBC TV 18 reported that Singhania has written to the company's board of the company assuring smooth functioning of business amid the ongoing separation with his wife.

Reuters has not independently seen the letter. An email sent by Reuters to a company spokesperson was not answered immediately.

Raymond's shares fell on Tuesday for a tenth straight session and have lost over 16% during the period. The share slump started on Nov. 13, when Singhania announced separation from his wife on social media platform X, formerly known as Twitter.

IIAS said in an open letter that the independent directors need to communicate with investors and other stakeholders, assuage their concerns and "articulate a course of action they have taken following these public allegations".

"In the interest of the company and safeguard the interests of a larger set of stakeholders, we urge you to undertake an independent investigation into the allegations of both, assault and CEO excesses," IIAS said.

(Reporting by Jayshree P Upadhyay; Editing by Saumyadeb Chakrabarty)

(([email protected]; 9920092491; Reuters Messaging: Twitter: @jaysh88))

** Raymond shares RYMD.NS shed 3.76%, falling for the seventh session in a row, with total losses of 12%

** On Nov. 13, the textiles company's chairman and MD Gautam Singhania announced separation from his wife Nawaz Singhania, who is also a Raymond board member

** Nawaz Singhania sought 75% of Gautam Singhania's $1.4 bln fortune as part of the settlement, the ET reported on Monday

** Despite the recent slide, the stock up 14% in 2023 so far

(Reporting by Bharath Rajeswaran in Bengaluru)

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** ICICI Securities beings coverage of Raymond RYMD.NS with "hold" rating and PT at 1,860 rupees - a 4.4% premium to its last close

** Shares of the textiles maker down 1.2% at 1,761 rupees as of 3:19 p.m. IST

** ICICI says it models co's revenue/EBITDA/PAT CAGR at 11%/12%/20% respectively over FY23-FY25

** Expect ~7% revenue CAGR for RYMD's flagship business - branded textile - which accounted for 40.4% of co's FY23 consolidated revenue - ICICI

** Adds revenue in branded apparels segment likely to grow at 17% CAGR driven by retail expansion and higher thrust on casualization

** Revenue from garmenting segment to grow at 10% CAGR led by adoption of "China +1 strategy" by global brands - ICICI

** Engineering division's revenue is expected to grow at 12% CAGR as co plans to expand capacity - ICICI

** Stock up ~20% YTD

(Reporting by Ashish Chandra in Bengaluru)

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Nov 9 (Reuters) - Raymond Ltd RYMD.NS:

• UNIT TEN X REALTY SELECTED AS 'PREFERRED DEVELOPER' FOR REDEVELOPMENT OF SHREE-HIND CHS LTD

• PROJECT HAS REVENUE POTENTIAL IN EXCESS OF 14 BILLION RUPEES

Source text for Eikon: ID:nBSE8sP1KF

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BENGALURU, Nov 8 (Reuters) - Indian textiles maker Raymond RYMD.NS on Wednesday reported a flat second-quarter profit as a delayed festive season and high inflation hurt demand, while higher costs weighed.

Raymond's consolidated net profit came in at 1.60 billion Indian rupees ($19.22 million) for the quarter ended Sept. 30, compared with 1.59 billion rupees last year.

Raymond flagged postponement in consumer spending cycle on account of delay in the festive and wedding seasons. Fashion retailers have seen a shift in demand due to a late start to the festive season this year.

Revenue from operations rose about 4%, as buyers also curbed discretionary spends in the face of sticky inflation. Meanwhile, the company's total expenses climbed over 7%.

India's retail inflation eased from last year, but remained above the Reserve Bank of India's 2%-6% tolerance band with the only respite in September, when the gauge dropped to 5.02%.

However, continued office wear demand and high demand in U.S. and Europe drove growth at its branded apparel and garmenting segments respectively, the company said.

After selling its consumer business to Godrej Consumer Properties in April, Raymond currently operates in apparel, real estate and engineering.

Last week, Raymond announced it was buying a majority stake in an auto parts maker, adding heft to its engineering unit and foraying into aerospace, defence and electric vehicles businesses.

While the deal is expected to complete in the current fiscal year, sluggish export market condition in engineering business impacted the topline, Raymond added.

($1 = 83.2455 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Sherry Jacob-Phillips and Varun H K)

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Nov 3 (Reuters) - Raymond Ltd RYMD.NS:

• RAYMOND LTD - RAYMOND GROUP TO ACQUIRE BUSINESS OF MAINI PRECISION PRODUCTS LIMITED

• RAYMOND LTD - FORAY INTO SUNRISE SECTORS OF AEROSPACE, DEFENSE AND EV COMPONENTS BUSINESS

• RAYMOND LTD - STRATEGIC ACQUISITION OF 59.25% STAKE IN MPPL BUSINESS FOR A CONSIDERATION OF 6.82 BILLION RUPEES

• RAYMOND LTD - RAYMOND GROUP TO CONSOLIDATE ITS ENGINEERING BUSINESS OF JK FILES, RPAL AND MPPL UNDER ONE ENTITY BUILDING SCALE AND SIZE

• RAYMOND LTD - ACQUISITION BEING FUNDED BY MIX OF DEBT AND INTERNAL ACCRUALS, GROUP TO REMAIN NET CASH POSITIVE POST ACQUISITION

• RAYMOND LTD - ACQUISITION WILL BE CONCLUDED THROUGH RING PLUS AQUA LIMITED (RPAL), A SUBSIDIARY OF JK FILES AND ENGINEERING LTD (JK FILES)

• RAYMOND LTD - WILL CONSOLIDATE JK FILES, RPAL AND MPPL BUSINESS AND WILL FORM A NEW SUBSIDIARY

Source text for Eikon: ID:nBSEjqCK7

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Oct 30 (Reuters) - Raymond Ltd RYMD.NS:

• STEP DOWN UNIT OF CO SELECTED AS PREFERRED DEVELOPER FOR REDEVELOPMENT OF KUMARI JETHI T SIPAHIMALANI CHS, MUMBAI

• PROJECT ESTIMATED TO HAVE A REVENUE POTENTIAL IN EXCESS OF 17 BILLION RUPEES OVER PROJECT PERIOD

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Oct 3 (Reuters) - Raymond Ltd RYMD.NS:

• RAYMOND LTD - APPROVED TO INVEST UP TO 3.01 BILLION RUPEES IN ONE OR MORE TRANCHES IN UNIT TEN X REALTY

Source text for Eikon: ID:nBSE8DYZT0

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** Shares of engineering and construction co Capacite Infraprojects CAPE.NS rise as much as 5.5% to 227 rupees

** Co said it won order from Raymond's RYMD.NS realty division for 2.81 bln rupees ($33.8 mln) for project in Thane, Maharashtra

** Nearly 1.2 mln shares change hands as of 10:43 a.m. IST, 0.9X the 30-day moving average

** Stock last up 4.9%, taking YTD gain to 47.5%

($1 = 83.1150 Indian rupees)

(Reporting by Varun Vyas in Bengaluru)

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** Textiles maker Raymond's shares RYMD.NS jump 9.7% to record high of 2,169 rupees

** Stock logs largest intraday pct climb since Dec 2022, with trading vol 3x the 30-day moving avg

** Motilal Oswal and Jefferies start coverage with "buy" ratings and identical 2,600 rupees targets, a Street high

** Now, all 6 brokerages covering RYMD rate it "buy" - LSEG data

** Jefferies expects branded textiles business to grow double digits over medium term

** Motilal Oswal says RYMD can become net cash after recent sale of FMCG business

** Expects EBITDA margin to grow 15% over FY23-27, helped by branded apparel, garmenting and real estate businesses

** Stock last up 7.6%, taking YTD gains to ~45%

(Reporting by Varun Vyas in Bengaluru)

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Aug 11 (Reuters) - Raymond Ltd RYMD.NS:

• JUNE-QUARTER CONSOL NET PROFIT 10.65 BILLION RUPEES VERSUS PROFIT 809 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 17.71 BILLION RUPEES VERSUS 17.28 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: RYMD.NS

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** Shares of Raymond RYMD.NS rise as much as 2.3% to 1,944 rupees, highest since July 27

** Co said its real estate division Raymond Realty expanded presence near Mumbai with the launch of fourth project offering revenue potential of over 20 bln rupees ($243.2 million)

** RYMD trading above its moving average convergence divergence line, indicating bullish sentiment

** Stock up ~29% this year, up to last close

($1 = 82.2500 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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