Raymond

Raymond Ltd's aerospace subsidiary secured multi-programme orders from a leading Indian aerospace and defence major, covering more than 300 part numbers and annual volumes exceeding 37,000 components. The business had annual potential of approximately ₹33 crore, with production scheduled to start progressively across 2026 and 2027. Raymond's aerospace business generated ₹392 crore of revenue in FY26, while aerospace revenue reached ₹123 crore in the first quarter of FY27. The company's aerospace platform had a 10-year order-book scope of ₹5,960 crore, including a comparable five-year book of ₹2,765 crore.

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

• RAYMOND- AEROSPACE SUBSIDIARY WINS MULTI-PROGRAMME AEROSPACE ORDERS

• RAYMOND- AEROSPACE ORDERS WITH ANNUAL BUSINESS POTENTIAL OF APPROXIMATELY 330 MILLION RUPEES

• RAYMOND- PRODUCTION COMMENCES PROGRESSIVELY ACROSS 2026 AND 2027

Source text: [ID:]

Further company coverage: RYMD.NS

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** Engineering firm Raymond's RYMD.NS shares fall 5.8% to 806.8 rupees

** Brokerage Jefferies drops coverage of co

** Says coverage dropped due to the corporate restructuring and change in business profile

** Raymond's business profile changed significantly after demerging its lifestyle and realty units; the company is now largely focused on engineering businesses

** Demerger happened over last two years

** Jefferies' last rating on stock was "buy"

** RYMD trades at forward 12 month PE of 45.64 vs industry median of 25.99 - data compiled by LSEG

** YTD, stock up 89.1%

(Reporting by Abhinav Parmar in Bengaluru)

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Raymond approved a preferential issue of 33,28,686 convertible warrants to Minerva Ventures Fund at ₹645 each, potentially raising ₹214.71 crore in cash. Each warrant entitled the holder to subscribe to one ₹10 share within 18 months, subject to shareholder and other regulatory approvals; unconverted warrants would lapse and the upfront consideration would be forfeited. Full conversion would give Minerva a 4.35% holding on a fully diluted basis, including existing outstanding warrants. Raymond had allotted 66.57 lakh warrants to JK Investors in July at ₹497 each, receiving ₹82.72 crore in upfront subscription.

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Raymond's board approved a preferential issue of 33,28,686 convertible warrants to Minerva Ventures Fund for up to ₹214.71 crore, priced at ₹645 each. Each warrant carries the right to subscribe to one equity share, and the proposed allottee would hold 4.35% on a fully diluted basis if all the warrants were converted. The company had allotted 66.57 lakh warrants to JK Investors at ₹497 each in July for an upfront subscription of ₹82.72 crore. Raymond's continuing operations generated ₹2,212 crore of revenue in FY26, while net cash stood at ₹129 crore after the June quarter.

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Sept 8 (Reuters) - Raymond Ltd RYMD.NS:

• APPROVED RAISING OF FUNDS VIA ISSUANCE OF CONVERTIBLE WARRANTS WORTH 2.15 BILLION RUPEES

• ISSUANCE ON A PRIVATE PLACEMENT BASIS TO MINERVA VENTURES FUND

Further company coverage: RYMD.NS

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Raymond said its board would meet on 8 September 2026 to consider and evaluate a proposal to raise funds through equity shares, convertible securities, warrants or other eligible securities. The issue could be made on a rights or preferential basis, or through another permitted mode, subject to regulatory approvals. The company had recently allotted 66.57 lakh convertible warrants at ₹497 each and received ₹82.72 crore upfront. Net cash stood at ₹129 crore at the end of the June 2026 quarter.

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

• TO CONSIDER PROPOSAL FOR RAISING OF FUNDS

Further company coverage: RYMD.NS

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** Shares of Raymond RYMD.NS fall as much as 6.9% to 433 rupees; last down 4.9%

** Co reported consol Q4 profit of 119.3 million rupees ($1.25 million) vs 1.37 billion rupees a year earlier

** EBITDA fell 14% y/y, margin down to 13.9% from 16.4%, as costs rose faster than revenue

** Other income fell about 78% y/y in quarter, weighing on profitability

** Consol revenue from operations up about 8%

** Trading volume at 1.3 mln shares, about 3x 30-day average

** YTD, RYMD up nearly 3.4%

($1 = 95.3925 Indian rupees)

(Reporting by Bipasha Dey in Bengaluru)

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** Shares of Raymond RYMD.NS rise 5.4%; earlier rose as much as 13.6% to 420 rupees

** Co reports 78% Q3 profit rise, supported by demand for aero and defense components; rev up 20%

** Reuters could not immediately establish a reason for the trim in gain on the day

** More than 2.6 million shares traded so far, about 10x 30-day avg volume

** Stock fell 24% in 2025

(Reporting by Brijesh Patel in Bengaluru)

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Nov 17 (Reuters) - Unicommerce eSolutions Ltd UICO.NS:

• UNICOMMERCE ESOLUTIONS LTD - RAYMOND PARTNERS WITH UNICOMMERCE FOR DIGITAL RETAIL OPERATIONS

Source text: ID:nBSE244mG8

Further company coverage: UICO.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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** Indian aerospace and auto components supplier Raymond RYMD.NS drops 2.5% to 627.35 rupees after Q1 results

** Co's core profit falls 8% and EBITDA margin contracts from 18.9% to 15.7%, due to a reduction in other income after Raymond demerged its real estate business

** Revenue rises 17%, led by 37% growth in aerospace and defense business and a 12% increase in auto components

** YTD, Raymond up ~11%

(Reporting by Ananta Agarwal in Bengaluru)

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** India's Raymond Realty RAYO.NS falls 6.21% to 679.7 rupees after Q1 results

** Stock set for worst day since listing after demerger from Raymond RYMD.NS on July 1

** Raymond Realty's Q1 net profit slumps 52%, while revenue falls 23%

** Core profit margin contracts to 10.5% from 13.5%

** RAYO says performance reflects sales moderation due to limited unsold inventory in its matured real estate projects

** Adds, second half of the year will see improved performance due to planned new launches

** RAYO down 32% from its list price on July 1

(Reporting by Ananta Agarwal in Bengaluru)

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** Shares of engineering co Raymond RYMD.NS rise 1% to 704 rupees

** Antique Stock Broking initiates coverage with “buy” rating; sets PT at 903 rupees, 30% upside from stock's last close

** Brokerage expects consol revenue/EBITDA/PAT CAGR of 16%/38%/55% over FY25–28, led by aerospace and auto components

** Adds, co restructuring expected to unlock value and improve execution

** Highlights aerospace business to benefit from global supply chain shifts, strong OEM ties, and India’s rising role in precision manufacturing

** Stock up 24% YTD

(Reporting by Rudra Pratap Singh in Bengaluru)

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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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April 8 (Reuters) - Raymond Ltd RYMD.NS:

• RAYMOND - NCLT SANCTIONS SCHEME OF ARRANGEMENT OF RAYMOND AND RAYMOND REALTY

Source text: ID:nNSE17VwCV

Further company coverage: RYMD.NS

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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

Further company coverage: RYMD.NS

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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:]

Further company coverage: RYMD.NS

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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

Further company coverage: RYMD.NS

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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) - 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 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:

• APPROVED SCHEME OF ARRANGEMENT OF CO AND RAYMOND REALTY

• SCHEME PROVIDES FOR DEMERGER OF REAL ESTATE BUSINESS CARRIED ON BY CO INTO RAYMOND REALTY

• APPROVED SHARE EXCHANGE RATIO OF 1 SHARE OF RAYMOND REALTY FOR 1 SHARE OF RAYMOND

Further company coverage: RYMD.NS

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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)

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