Raymond Lifestyle plans 900 stores in 3 years: Gautam Singhania

Raymond Lifestyle plans to add 900 stores over the next three years, targeting 12-15% annual sales growth and 18-20% operating profit growth, according to chairman Gautam Singhania. Shares of Raymond Lifestyle, the demerged unit of Raymond, are set to list on the bourses on September 5.

Singhania told ET that internal challenges in China and Bangladesh, coupled with trade agreements with the UK, European Union, and Australia, present significant opportunities for the company.

"The demerger aims to unlock shareholder value by creating a focused lifestyle business entity, allowing investors to concentrate on this specific theme. The standalone entity will sharpen strategic focus on the lifestyle segment, driven by a professional management team," Singhania said.


Last year, Raymond sold its FMCG business to Godrej Consumer for ₹2,825 crore, and later announced the demerger of its lifestyle and real estate businesses, while retaining the engineering segment within the existing listed entity after acquiring Maini Precision.

Singhania noted that the combined entity didn't achieve the expected valuations as sector-specific funds weren't interested in diversified businesses. Now, with three separately listed companies, each will unlock shareholder value through focused professional management, net cash positions, and optimised costs and working capital.