“This agreement creates a premier platform where quality British tailoring traditions meet Indian manufacturing excellence, allowing us to capture one of the world’s most discerning fashion markets. We step into the future not just as participants in the global fashion arena, but as leaders shaping it,” he said in his message to shareholders in the company’s latest annual report.
The demerger of Raymond’s Lifestyle, Engineering, and Real Estate businesses into three independently listed entities is the most consequential strategic decision in our recent history, Singhania pointed out.
“In an era of capital scarcity, the diversified business group that cross-subsidized across sectors was a rational model. Raymond is a proud product of that era. But the world has evolved. Capital markets are deeper, and sector-specialist investors demand pure-play accountability. Data consistently shows that focused companies command a premium over undifferentiated conglomerates,” he added.
The demerger yields three independent platforms, three focused boards, and three management teams liberated to execute strategies without the friction of cross-business trade-offs, Singhania noted.
Independence is not separation; each company carries the Raymond name, values, and covenant with quality. This is not a breaking apart, but a releasing of locked potential, he said.
“We have entered the second century with an evolved identity of a multi-business conglomerate: three independently listed entities in Lifestyle, Real Estate and Engineering. Each is a strong player in its domain, draws on a hundred years of institutional credibility, and is now empowered to pursue its own growth journey with focused capital, astute leadership, and unbridled ambition,” Singhania said.
While many advanced and emerging economies grapple with stagnation or inflationary pressures, India’s economy continues to exhibit robust momentum, firmly anchoring its position as a primary engine of global growth. This stability is largely propelled by a powerful combination of strong domestic consumption, aggressive governmentled infrastructure spending, and an accelerating Digital Public Infrastructure (DPI) that has revolutionized financial inclusion, he added.
The global order is undergoing a structural realignment that will redefine the contours of commerce for decades, Singhania said.
“The United States and China are locked in a strategic competition spanning technology, semiconductor supply chains, and maritime dominance. Amidst shifting geopolitical dynamics and a widespread corporate push for supply chain resilience, India is emerging as a preferred destination,” he noted.
“The “China-plus-one” strategy is an accelerating operational reality. With its vast manufacturing base, engineering talent, and democratic governance, India stands as the single most credible alternative at scale. Production Linked Incentive (PLI) schemes, the National Manufacturing Mission, and landmark bilateral trade agreements—like the UK-India Free Trade Agreement— form the architecture of an emerging manufacturing superpower. Domestically, an extraordinary consumption story is unfolding as millions enter the formal workforce and seek premium goods, driving the tailwinds behind our three core businesses,” Singhania said.
“Global OEMs are aggressively diversifying their supply chains to mitigate risks stemming from rising labor costs, stricter regulations and ongoing US – China trade friction. India has emerged as the premier choice for this manufacturing migration due to its skilled workforce and cost-competitiveness,” Rakesh Tiwary, Group Chief Financial Officer, , Raymond Lifestyle said.
As global apparel brands seek politically neutral, quality-assured manufacturing partners, Raymond Lifestyle’s export-focused garmenting and textile business provides an institutional-grade sourcing solution outside of traditional hubs like China, Vietnam, Bangladesh & others, he said.
“Centenaries are rare in corporate history because long-term survival requires constant structural adaptation. The comprehensive reorganisation executed over the last five years proves that Raymond possesses the institutional agility to evolve,” Tiwary said.
“We have successfully unlocked value by transforming a diversified organisation into three agile, industry-focused leaders. We entered the global high-tech aerospace value chain, built a leading premium real estate player from corporate land holdings, scaled our lifestyle business by crossing the Rs 7,000 Crores mark with a healthy EBITDA margin and maintaining excellent balancesheet discipline. The global structural trends are aligned with our portfolio. Our focus now turns entirely to disciplined capital execution to ensure these tailwinds deliver strong, long-term returns for our shareholders,” he added.
For more details: https://www.bseindia.com/xml-data/corpfiling/AttachLive/ce43804e-5050-45d1-806e-4ee033baf17f.pdf